Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the microscope…
The news is out and the stock is up: Deutsche Bank loves Verizon Communications (NYSE:VZ).
This morning, analysts at German megabank Deutsche announced they’re upgrading the American telecommunications giant to buy. Deutsche is also assigning the shares a $56 price target that implies new investors can expect to earn about a 17.5% profit on their shares — on top of an already rich 4.9% dividend yield.
Here’s what you need to know.
Image source: Getty Images.
Verizon stock looks cheap
With a share price barely six times the profit it earned last year, Verizon is a stock that was bound to attract value hunters eventually (I’m honestly surprised it took Deutsche Bank so long to notice.) But is this stock cheap enough to buy?
Hot Cheap Stocks To Watch Right Now: S&P GSCI(GD)
- [By Lisa Levin] Companies Reporting Before The Bell
Thermo Fisher Scientific Inc. (NYSE: TMO) is projected to report quarterly earnings at $2.4 per share on revenue of $5.63 billion.
Ford Motor Company (NYSE: F) is expected to report quarterly earnings at $0.41 per share on revenue of $37.16 billion.
Twitter, Inc. (NYSE: TWTR) is projected to report quarterly earnings at $0.11 per share on revenue of $605.26 million.
Comcast Corporation (NASDAQ: CMCSA) is expected to report quarterly earnings at $0.59 per share on revenue of $22.75 billion.
General Dynamics Corporation (NYSE: GD) is estimated to report quarterly earnings at $2.52 per share on revenue of $7.6 billion.
The Boeing Company (NYSE: BA) is expected to report quarterly earnings at $2.58 per share on revenue of $22.24 billion.
Anthem, Inc. (NYSE: ANTM) is estimated to report quarterly earnings at $4.91 per share on revenue of $22.52 billion.
Viacom, Inc. (NASDAQ: VIAB) is projected to report quarterly earnings at $0.79 per share on revenue of $3.04 billion.
Northrop Grumman Corporation (NYSE: NOC) is estimated to report quarterly earnings at $3.61 per share on revenue of $6.61 billion.
Rockwell Automation Inc. (NYSE: ROK) is expected to report quarterly earnings at $1.81 per share on revenue of $1.66 billion.
Wipro Limited (NYSE: WIT) is projected to report quarterly earnings at $0.07 per share on revenue of $2.15 billion.
The Goodyear Tire & Rubber Company (NASDAQ: GT) is expected to report quarterly earnings at $0.46 per share on revenue of $3.82 billion.
Owens Corning (NYSE: OC) is projected to report quarterly earnings at $0.97 per share on revenue of $1.62 billion.
T. Rowe Price Group, Inc. (NASDAQ: TROW) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.29 billion.
Dr Pepper Snapple Group, Inc. (NYSE: DPS) is expected to report quarterly earnings at $1.04 per share on revenue of $1.57 billion.
Sirius XM Holdings Inc. (NASDAQ: SI
- [By Reuben Gregg Brewer]
Shipbuilding and services specialistHuntington Ingalls (NYSE:HII) was spun off from Northup Grumman in early 2011. General Dynamics (NYSE:GD) is roughly six times larger and offers a far more diversified list of products and services that includes submarines, aircraft, and armored vehicles, among other things. Both, however, provide key products and services to the U.S. military. That’s normally a fairly consistent business driven by large and often very long contracts. With a supportive administration in the White House, it would seem like now is a good time to take a look at this pair of stocks. But which of these two military-industrial companies is a better buy? Using a Benjamin Grahamlens, the answer may not be what you want to hear.
- [By ]
In addition to increasing the dividend, Action Alerts PLUS holding Raytheon announced in late March that under the Department of Defense’s DARPA program, it was developing technology that could control swarms of both air-based, and ground-based drone vehicles that might be launched using a “drag and drop” visual interface. My price target: $245.
General Dynamics (GD)
This is one firm where we have already seen cash flows and margins improving. GD is also another defense name that increased their dividend in March. Think the Navy gets some love in the 2018 federal budget that earmarked $654 billion for the Pentagon? Me too. Know who runs the Virginia class submarine program? General Dynamics. In fact, the Navy just awarded a $696 million modification to that program for 2019.
- [By Max Byerly]
General Dynamics (NYSE:GD) had its price objective reduced by stock analysts at Royal Bank of Canada from $232.00 to $12.39 in a research report issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price target indicates a potential downside of 93.65% from the stock’s current price.
- [By Lou Whiteman]
Two of the biggest laggards have been General Dynamics (NYSE:GD) and Huntington Ingalls (NYSE:HII), each down by more than 10% in the past three months. The similarities go well beyond stock performance. The companies have two of the more interesting outlooks for growth among defense players, but each seemed to catch investors off guard over how long it will take that increased business to materialize.
- [By Chris Dier-Scalise]
What gives? Well, all of the top six holdings in the fund—Boeing Co (NYSE: BA), United Technologies Corporation (NYSE: UTX), Lockheed Martin Corporation (NYSE: LMT), General Dynamics Corporation (NYSE: GD), Raytheon Company (NYSE: RTN), and Northrup Grumman Corporation (NYSE: NOC)—all either met or exceeded Q4 earnings estimates. Together, those six companies make up about 45 percent of the fund.
Hot Cheap Stocks To Watch Right Now: Express-1 Expedited Solutions Inc.(XPO)
- [By Steve Symington, Travis Hoium, and Neha Chamaria]
We asked three top Motley Fool investors exactly that. Read on to learn why they think iQiyi (NASDAQ:IQ), XPO Logistics (NYSE:XPO), and Enphase (NASDAQ:ENPH) fit the bill.
- [By ]
Daseke (DSKE) : “I’m going to send you to XPO Logistics (XPO) . That’s the one you want to be in.”
Portola Pharmaceuticals (PTLA) : “The news is already in this story. I’d rather be in something better.”
- [By Rich Duprey]
XPO Logistics (NYSE:XPO) has been a phenomenal growth story: Over the past decade, its shares have returned 2,000% to investors as demand for freight transportation and logistics services skyrocketed.
- [By Matthew Frankel, Neha Chamaria, and Matthew DiLallo]
While there’s no way to know for sure which stocks will become the next Amazon, three of our contributors think BofI Holding (NASDAQ:BOFI), XPO Logistics (NYSE:XPO), and iQiyi (NASDAQ:IQ) have pretty good chances.
- [By Shane Hupp]
XPO Logistics (NYSE:XPO) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
Hot Cheap Stocks To Watch Right Now: Rent-A-Center Inc.(RCII)
- [By Timothy Green]
Shares of rent-to-own retailer Rent-A-Center Inc. (NASDAQ:RCII) soared on Monday after the company agreed to be acquired for $15 per share. This comes less than a week after Rent-A-Center received a lower buyout offer following the completion of its strategic review. The stock was up about 22.2% at 11:30 a.m. EDT.
- [By Logan Wallace]
OMERS ADMINISTRATION Corp decreased its holdings in shares of Rent-A-Center Inc (NASDAQ:RCII) by 52.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,200 shares of the company’s stock after selling 79,200 shares during the period. OMERS ADMINISTRATION Corp owned about 0.14% of Rent-A-Center worth $623,000 as of its most recent SEC filing.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Rent-A-Center (RCII)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Cheap Stocks To Watch Right Now: Kohl’s Corporation(KSS)
- [By Asit Sharma]
Kohl’s (NYSE:KSS)fiscal first-quarter 2018 results, released on May 22, reveal its momentum even as many fellow brick-and-mortar retailers struggle with an industry shift to e-commerce, and rapidly evolving consumer purchasing habits. Kohl’s reported revenue growth of 3.5% over the last three months, to $4.2 billion, and boasted a 3.5% lift in comparable-store sales.
- [By ]
Macy’s (M) was downgraded by Morgan Stanley, which is hurting shares of Kohl’s (KSS) , according to TheStreet’s founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
- [By Ethan Ryder]
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
Get Agenus alerts:
Agenus Inc. (AGEN): Stock Have a Latest Story: (bitcoinpriceupdate.review) P/E and PEG Value Under Consideration Agenus Inc. (NASDAQ:AGEN) (nasdaqjournal.com) Sizzling Spotlight- Kohl’s Corporation (NYSE:KSS), Agenus Inc. (NASDAQ:AGEN), The Hartford Financial Services … (journalfinance.net) Checking on Key Pivot Levels for Agenus Inc. (NASDAQ:AGEN): Woodie Pivot at 3.175 (stocknewscaller.com) Watch List Stock Agenus Inc. (AGEN) (stockmarketstop.com)
Shares of AGEN traded down $0.10 during trading hours on Friday, reaching $2.70. 6,890,759 shares of the company traded hands, compared to its average volume of 1,149,867. The firm has a market capitalization of $280.80 million, a P/E ratio of -2.20 and a beta of 1.70. Agenus has a 12-month low of $2.70 and a 12-month high of $6.19. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of -0.11.
- [By ]
1. Kohl’s (NYSE: KSS)
This $10 billion-plus market cap department store chain’s stock is higher by over 17% in 2018. The company operates over 1100 department stores, an online commerce platform, 12 Fila Outlets, and three “Off/Aisle” clearance stores.
- [By JJ Kinahan]
Retailers sagged Tuesday, weighed down in part by a 6 percent drop in shares of Kohl’s Corporation (NYSE: KSS). The KSS losses came as something of a surprise considering the company’s solid earnings results first thing Tuesday morning, but then the earnings conference call began and the mood quickly changed. In the call, KSS attributed much of the company’s good sales to an early Mother’s Day marketing promotion. What doesn’t give Wall Street happiness is when you say something positive was a one-time event. It may not be exactly what the company meant, but the call did appear to take a lot of the pop out of what was a pretty nice earnings story.
- [By Ethan Ryder]
California State Teachers Retirement System trimmed its stake in shares of Kohl’s Co. (NYSE:KSS) by 3.4% in the first quarter, HoldingsChannel.com reports. The fund owned 325,416 shares of the company’s stock after selling 11,625 shares during the quarter. California State Teachers Retirement System’s holdings in Kohl’s were worth $21,318,000 at the end of the most recent reporting period.