Stock Analysts’ Updated EPS Estimates for November, 19th (AEP, AZSEY, BNS, BP, CHRW, CNI, COHR, CW, DISCA, DPLM)
American Electric Power (NYSE:AEP) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “American Electric's shares outperformed its industry in the past six months. Its newly announced investment strategy includes incremental investment in renewable generation projects throughout the United States. This provides stability to the company’s revenue stream. American Electric has a stable customer base of approximately 5.4 million spread over 11 states. This provides cushion to the company from lower sales in any particular service area. American Electric also owns the nation's largest electricity transmission system and more than 224,000-miles of distribution lines. However, it is exposed to environmental risks, since its power plants produce large quantities of nitrogen, sulfur, mercury and carbon dioxide. Also, in order to meet the environmental regulations, the company projects additional investments of $2.2-$2.8 billion in the 2017–2025 time period, which could weigh on the company’s finances, going ahead.”
Allianz (OTCMKTS:AZSEY) was upgraded by analysts at Credit Suisse Group AG to a buy rating.
BP (NYSE:BP) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $46.00 target price on the stock. According to Zacks, “BP has been gaining on the back of a strong portfolio of upstream projects. Since 2016, the integrated energy player has placed 17 key upstream developments online. Moreover, the company plans to add eight key upstream projects through 2018. Ramp up in key developments have been backing the leading integrated energy player’s quarterly production volumes. Additionally, BP has a strong commitment in returning cash back to the shareholders through share buybacks and dividend payments. Consequently, BP is likely to offer substantial upside potential from the current price levels and is viewed as an attractive investment.”
C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “C.H. Robinson performed impressively in the third quarter of 2018, surpassing both earnings and revenue estimates. Moreover, both the measures improved significantly year over year. In fact, this was the company's fourth straight quarter of net revenue growth. Improvement in operating ratio in the quarter is also a positive. The company's growth-by-acquisition poilicy is impressive as well. We are also impressed by C.H. Robinson's efforts to reward shareholders in the form of dividends and share buybacks. Owing to these tailwinds, shares of the company have outperformed its industry in a year's time. However, high costs and capital expenditures undertaken by the company are limiting bottom-line growth. The company's high debt levels are concerning. Additionally, increased operating expenses are also worrisome.”
Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $96.00 target price on the stock. According to Zacks, “Canadian National performed impressively in the third quarter of 2018, reporting better-than-expected earnings and revenues. Both metrics also improved year over year. Results were aided by higher freight revenues, which account for bulk of the top line. Apart from the outperformance, the company initiated a new buyback program. Notably, this move is in line with the company's efforts to reward its shareholders. In fact, the company raised its quarterly dividend by 10% earlier this year in another shareholder-friendly move. However, high operating expenses are worrisome. In the third quarter, operating ratio (defined as operating expenses, as a percentage of revenues) deteriorated mainly due to high labor and fuel costs apart from issues related to the Canadian dollar. The company's high debt levels also raise concerns. In a year’s time, shares of the company have underperformed its industry due to the headwinds.”
Coherent (NASDAQ:COHR) had its hold rating reissued by analysts at Northcoast Research.
Curtiss-Wright (NYSE:CW) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $122.00 target price on the stock. According to Zacks, “Rising trade activities along with increasing need for replacing aging fleet with new airplanes has been fueling the Curtiss-Wright’s commercial aerospace business. As of Dec 2017, there are approximately 57 new reactors under construction across 15 countries, with approximately 158 planned and 351 proposed over the next several decades. This should provide ample growth opportunities for Curtiss-Wright in the commercial nuclear market. The company also expects to supply a variety of ancillary plant products and services to this plant, thereby reflecting solid demand for its power segment’s products. However, cheap gas price has forced a number of nuclear plants to shut down in the United States. Curtiss-Wright is also subject to interest rate risk related to the issuance of debt. The company also underperformed its industry in the last one year.”
Discovery Communications (NASDAQ:DISCA) was downgraded by analysts at Cannonball Research to a hold rating. The firm currently has $33.00 price target on the stock.
Diploma (LON:DPLM) had its sector perform rating reiterated by analysts at Royal Bank of Canada. The firm currently has a GBX 1,280 ($16.73) target price on the stock.
Gocompare.Com Group (LON:GOCO) had its buy rating reiterated by analysts at Berenberg Bank. The firm currently has a GBX 150 ($1.96) target price on the stock.
IGM Financial (OTCMKTS:IGIFF) had its buy rating reiterated by analysts at TD Securities.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $36.00 target price on the stock. According to Zacks, “Imperial Oil has been upgraded to a ‘Buy’ on the back of certain tailwinds. Being one of the leading integrated oil companies in Canada, it has operations all across the hydrocarbon value chain, providing it with a high level of stability and reducing its risk profile. Especially, with the widening crude oil price differentials in Canada impacting upstream revenues, IMO’s downstream and chemical segments have acted as a booster. Ramp-up activities in the company’s upstream and downstream assets is expected to further augment its income and revenues. IMO’s 2018 oil output is anticipated to record an annual growth of around 7%. Balance sheet strength and investor-friendly moves are other positives. In 2018, company increased its payout for the 24th consecutive year. It also renewed its share repurchase program to buy 40 million shares till June 2019, as a show of confidence in its cash-generating ability.”
Mitie Group (LON:MTO) had its buy rating reaffirmed by analysts at Canaccord Genuity. They currently have a GBX 300 ($3.92) price target on the stock.
J Sainsbury (LON:SBRY) had its buy rating reaffirmed by analysts at Berenberg Bank. The firm currently has a GBX 369 ($4.82) target price on the stock.
SafeCharge International Group (LON:SCH) had its buy rating reissued by analysts at Berenberg Bank. Berenberg Bank currently has a GBX 350 ($4.57) target price on the stock.
Sirius Real Estate (LON:SRE) had its buy rating reiterated by analysts at Berenberg Bank. They currently have a GBX 72 ($0.94) target price on the stock.
Tullow Oil (LON:TLW) had its hold rating reissued by analysts at Berenberg Bank. Berenberg Bank currently has a GBX 240 ($3.14) target price on the stock.
Thermo Fisher Scientific (NYSE:TMO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $270.00 price target on the stock. According to Zacks, “Thermo Fisher ended the third quarter on a promising note with both earnings and revenues surpassing the consensus mark. The company saw strength in all end markets categorized by customer type or geography. It particularly registered solid international performance with strong growth in Asia-Pacific including China. Also, a series of product launches with progress in precision medicine initiatives aided its performance. The company’s recently-closed acquisition of Advanced Bioprocessing business from BD should add complementary cell culture products to Thermo Fisher’s bioproduction offerings. Also, the company’s initiative to buy Gatan to boost electron microscopy suite buoys optimism. On the flip side, Thermo Fisher’s business segments are getting impacted by unfavorable business mix. Also, competitive headwinds and escalating costs pose a threat. Thermo Fisher outperformed its industry in the past three months.”
Tapestry (NYSE:TPR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Tapestry looks disciplined in its approach to adapt to the changing retail landscape. The company is undergoing a brand transformation and introducing modern luxury concept stores in key markets. The addition of Stuart Weitzman and Kate Spade are significant steps toward becoming a multi-brand company. Moreover, it has undertaken transformation initiatives revolving around product, stores and marketing. These efforts helped post better-than-expected first-quarter fiscal 2019 results, wherein both the top and bottom lines grew year over year. Tapestry continues to focus on Asian markets, primarily China for long-term growth but sidelined tariff related woes due to lower production exposure in the region. The company maintained its fiscal 2019 sales forecast but raised the lower end of earnings view. Meanwhile, rate of sales decline at Stuart Weitzman improved considerably on a sequential basis but margins still remained under pressure.”
Urban Outfitters (NASDAQ:URBN) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Shares of Urban Outfitters have increased and outpaced the industry in a year, driven by the company’s positive surprise streak. We are upbeat on the company’s second-quarter fiscal 2019 performance, wherein both the top and bottom lines grew year over year. Notably, comparable retail segment net sales increased for the fourth quarter in row, while all the three brands registered comps growth. Management expects third quarter sales comps to grow high-single digit. We believe new store openings, increased digital penetration, merchandising improvements and international expansion bode well. Management is also making efforts to enhance the performance of brands through store refurbishment and by bringing in more compelling assortments. However, management expects SG&A expenses to increase in the third quarter due to higher digital marketing investments, incentive-based compensation and increased store payroll.”
U.S. Bancorp (NYSE:USB) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $62.00 target price on the stock. According to Zacks, “Shares of U.S. Bancorp have outperformed the industry over the past six months. The company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. Third-quarter 2018 earnings reflect higher revenues, along with loan growth and reduced provisions. However, lower mortgage banking revenues and escalating expenses were major drags. U.S. Bancorp's prospects will likely get support from its solid business model, core franchise, lower tax rate, rising interest rate and diverse revenue streams. Also, its organic growth remains solid and will likely benefit from the improving economic scenario. Though escalating expenses due to its ongoing investments in technology and likely increase in legal expenses remain concerns, U.S. Bancorp remains well poised to grow through acquisitions.”
Windstream (NASDAQ:WIN) had its hold rating reaffirmed by analysts at Morgan Stanley. They currently have a $5.00 target price on the stock.
Canaccord Genuity started coverage on shares of William Hill (LON:WMH). Canaccord Genuity issued a buy rating and a GBX 243 ($3.18) price target on the stock.
Receive News & Ratings for American Electric Power Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.