stock prices today

Thesis:

I view Blue Apron (APRN) as more of a mix of a fine dining and casual dining restaurant than as an upscale grocery store. Taking into consideration this point of view, I calculate what I believe will be their future gross margin in 2021. I did this by averaging the gross margins of Whole Foods (WFM) and Fogo de Chao (FOGO) over the past four years. I picked Whole Foods because the products that they offer their customers are quality, all-natural foods, similar to what Blue Apron. I believe that Fogo de Chao is a good comparison to Blue Apron because they both offer their customers a unique dining experience. Also, I feel that Blue Apron will follow in the footsteps of their tech brethren and sacrifice current profit in order to grow their customer base by increasing marketing and SG&A expenses. At this time I do not feel that there will be a Corporate Tax break in the United States and I will use the marginal tax rate of 29%. This sentiment can be confirmed in the article “Fewer S&P 500 Companies Discussing Trump on Earnings Calls for Q2” by John Butters. Lastly, I feel that the Price to Sales Multiple better reflects the true value of Blue Apron than the Implied Share Price from the Free Cash Flow calculations does. The P/S Multiple of 1.04x is an average of the P/S multiples of a select group of comparable companies in the fine/casual Dining Industry plus Whole Foods. In this analysis, I do not include the Muskness principle which I will explain later on.

stock prices today: Cabot Oil & Gas Corporation(COG)

Advisors’ Opinion:

  • [By Paul Ausick]

    Cabot Oil & Gas Corp. (NYSE: COG) is rated as a Hold with a new price target of $24. The EPS estimate has been cut from $0.60 to $0.47 for 2017, and the 2018 estimate has been increased from $0.70 to $1.19. Shares closed at $22.36 on Friday in a 52-week range of $19.77 to $25.74. The consensus 12-month price target is $28.72.

  • [By David Sterman]

    Take Cabot Oil & Gas (NYSE: COG(link is external)) as an example. As I noted earlier this month(link is external), Cabot’s current drilling plans are expected to lead to a big spike in output over the next few years. The company’s executives decided to plow ahead with development plans, even as rivals were retrenching. The fact that natural gas prices have risen more than 10% in the past three weeks simply underscores the wisdom of that strategy, and could lead to rising sales and profit estimates. 

stock prices today: Petroleo Brasileiro S.A.- Petrobras(PBR)

Advisors’ Opinion:

  • [By Paul Ausick]

    Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petroleo Brasileiro S.A. (NYSE: PBR), commonly known as Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”

  • [By Craig Jones]

    Alan Knuckman of Bulls-Eye Option said on Bloomberg Markets that he would buy Petroleo Brasileiro SA Petrobras (ADR)(NYSE: PBR), because it could benefit from the strength in crude oil.

  • [By Chris Lange]

    And Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, is scheduled to release its most recent quarterly results late Thursday. The consensus estimates call for a profit of $0.16 per share, as well as $23.81 billion in revenue. Shares ended the weekat $8.86. The consensus price target is $10.82, and the 52-week range is $7.61 to $12.56.

  • [By Zacks]

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  • [By Chris Lange]

    And Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, is scheduled to release its most recent quarterly results Tuesday. The consensus estimates call for a net loss of $0.05 per share, as well as $18.05 million in revenue. Shares ended the weekat $8.91. The consensus price target is $11.22, and the 52-week range is $4.98 to $12.56.

  • [By Chris Lange]

    Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, decreased to 42.63 million shares from the previous 43.53 million. The stock traded at $9.06 a share, in a 52-week range of $5.19 to $12.56. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.

stock prices today: NCI, Inc.(NCIT)

Advisors’ Opinion:

  • [By Elizabeth Balboa]

    Information technology company NCI Inc (NASDAQ: NCIT) reported its $283 million sale to H.I.G. Capital Management for $20 per share in cash.

    9. Allied World Assurance

    The insurance firms of Allied World Assurance Company Hldgs Ltd (NYSE: AWH) and Fairfax Financial extended the offering period for purchase of outstanding Allied World shares from June 30 to July 5.

stock prices today: Comp En De Mn Cemig ADS(CIG)

Advisors’ Opinion:

  • [By Lisa Levin]

    Friday afternoon, the utilities sector proved to be a source of strength for the market. Leading the sector was strength from Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG) and Pampa Energia S.A. (ADR) (NYSE: PAM).

  • [By Lisa Levin]

    Non-cyclical consumer goods & services sector was the top gainer in the US market on Wednesday. Top gainers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), Companhia Paranaense de Energia (ADR) (NYSE: ELP), and NRG Energy Inc (NYSE: NRG).

  • [By Lisa Levin]

    In trading on Monday, utilities shares fell 0.66 percent. Meanwhile, top losers in the sector included RGC Resources Inc. (NASDAQ: RGCO), down 5 percent, and Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), down 5 percent.

  • [By Lisa Levin]

    In trading on Friday, utilities shares fell by 0.33 percent. Meanwhile, top losers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), down 3 percent, and Companhia Paranaense de Energia (ADR) (NYSE: ELP), down 3 percent.

stock prices today: Equity Residential(EQR)

Advisors’ Opinion:

  • [By WWW.MONEYSHOW.COM]

    Equity Residential (EQR), one of the biggest companies or components of the S&P 500 real estate index, owns 315 high-quality apartment properties in top U.S. growth markets, including Boston, New York, Washington, Seattle, San Francisco and Southern California.

  • [By Jim Powell]

    Steve Halpern: Another real estate position that you own is Equity Residential (EQR), which is a real estate investment trust. What’s your outlook for that?

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