Citigroup restated their buy rating on shares of Johnson Matthey (LON:JMAT) in a report issued on Tuesday morning.
A number of other research analysts have also recently issued reports on the company. Credit Suisse Group reissued an outperform rating on shares of Johnson Matthey in a report on Friday, May 4th. Morgan Stanley reissued an overweight rating on shares of Johnson Matthey in a report on Wednesday, March 28th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 3,400 ($45.62) price objective on shares of Johnson Matthey in a report on Thursday, March 8th. Liberum Capital reissued a hold rating and set a GBX 3,300 ($44.28) price objective on shares of Johnson Matthey in a report on Thursday, March 29th. Finally, Deutsche Bank reissued a buy rating and set a GBX 3,800 ($50.99) price objective on shares of Johnson Matthey in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 3,592.22 ($48.20).
Hot Bank Stocks To Watch Right Now: Cherokee Inc.(CHKE)
Advisors’ Opinion:
- [By Money Morning News Team]
The 90% gainer was Cherokee Inc. (NASDAQ: CHKE), whose skyrocketing price was the result of its securing a deal to refinance its corporate debt. The deal is a three-year agreement worth $40 million.
- [By Shane Hupp]
Cherokee (NASDAQ:CHKE) released its quarterly earnings data on Thursday. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.11), RTT News reports. Cherokee had a negative return on equity of 13.63% and a negative net margin of 130.24%. During the same quarter last year, the business posted ($0.07) earnings per share.
- [By Garrett Baldwin]
Following the June FOMC meeting, silver prices are hovering at very attractive price levels. With interest rates heading higher, it’s going to be a very good time for silver hounds to buy on the dip and deliver incredible profits in the months ahead. Learn more right here.
The Top Stock Market Stories for Thursday
On Thursday, the European Central Bank held its meeting in Latvia to discuss the future of its quantitative easing program. The central bank of the world’s largest economic bloc said that it will likely end its quantitative easing program in December. This represents an extension beyond the current plan to end the stimulus program in September. ECB President Mario Draghi said the program would be reduced to 15 billion euros each month during the final three months of the year. Yesterday, the U.S. Federal Reserve raised interest rates for the second time in 2018. The central bank said that economic growth has been rising at a solid rate and hinted that it could raise rates two more times this year. Fed Chair Jerome Powell did raise an alarm on Wednesday after stating that companies are holding back on investment due to ongoing concerns about U.S. President Donald Trump’s trade policies. Trump is expected to decide this week on whether to proceed with tariffs on about $50 billion in Chinese goods. Trade tensions are heating up again. This morning, China announced it would call off its deal to avoid a trade war if the Trump administration proceeds with tariffs on Friday morning. Tomorrow, the Trump team will decide if it will hit China with tariffs on roughly $50 billion in goods.
Stocks to Watch Today: ADBE, CMCSA, TSLA, MSFT
Adobe Systems Inc. (Nasdaq: ADBE) will report earnings after the bell Thursday. The software giant is expected to report earnings per share of $1.54 on top of $2.15 billion in revenue. Insider buying is alive and well at Tesla Inc. (Nasdaq: TSLA). Chair and CEO Elon Musk purchased $25 million in company stock, according to a
Hot Bank Stocks To Watch Right Now: Hostess Brands, Inc. (TWNK)
Advisors’ Opinion:
- [By Stephan Byrd]
Shares of Hostess Brands Inc (NASDAQ:TWNK) have received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.00.
- [By Ethan Ryder]
Wells Fargo & Company MN boosted its position in shares of Hostess Brands Inc (NASDAQ:TWNK) by 28.8% in the second quarter, HoldingsChannel.com reports. The firm owned 1,669,338 shares of the company’s stock after purchasing an additional 373,487 shares during the period. Wells Fargo & Company MN’s holdings in Hostess Brands were worth $22,704,000 at the end of the most recent quarter.
- [By Trey Thoelcke]
For a little more high-profile option, there is Hostess Brands Inc. (NASDAQ: TWNK), which has a market cap over $1 billion dollars. It is, of course, the maker of Twinkies and so much more.
- [By Daniel Miller]
Generally, stocks that have fallen out of favor with the market are cheap for a reason. But, on occasion, savvy investors can scoop up a stock on the cheap and enjoy solid returns when the company proves its doubters wrong. It’s not easy to discern which stocks fall into the pessimistically undervalued category, but here are two to consider: Hostess (NASDAQ:TWNK), which is expanding and adapting its portfolio of snacks to drive growth, and General Motors (NYSE:GM) which could potentially strike gold thanks to its 2016 Cruise Automation acquisition.
- [By Joseph Griffin]
Hostess Brands Inc (NASDAQ:TWNK) has received an average rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.40.
Hot Bank Stocks To Watch Right Now: First Mid-Illinois Bancshares, Inc.(FMBH)
Advisors’ Opinion:
- [By Logan Wallace]
Get a free copy of the Zacks research report on First Mid-Illinois Bancshares (FMBH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) have earned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $44.25.
- [By Ethan Ryder]
BidaskClub cut shares of First Mid-Illinois Bancshares, Inc. Common Stock (NASDAQ:FMBH) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.
- [By Shane Hupp]
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- [By Max Byerly]
First Mid-Illinois Bancshares, Inc. Common Stock (NASDAQ:FMBH) was upgraded by analysts at BidaskClub from a sell rating to a hold rating.
Fiesta Restaurant Group (NASDAQ:FRGI) was upgraded by analysts at BidaskClub from a buy rating to a strong-buy rating.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on First Mid-Illinois Bancshares, Inc. Common Stock (FMBH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com