With the holiday season around the corner,consumers are busy searching for the products to buy while investors are busy searching for the companies whose products consumers are buying. Just a couple of week back GoPro (NSDQ:GPRO) was one such company on which investors were willing to bet as its products were likely to fly off the shelves of retail outlets. But then the things changed. While GoPro’s flagship Hero 5 camera continues to enjoy strong demand, same can’t be said for its stock. The stock has tanked 30% in last one month due to multiple reasons, and many investors don’t see any future prospect for the company.But there are also investors who feel that GoPro stock has over corrected. So the question is whether GoPro stock is a value trap or a value buy?
Lower Multiples, But Cheaper Valuations?
The recent crash in GoPro’s stock price has brought the valuation multiples to the ground. GoPro’s PS ratio has declined from 2.2 in early October to 1.3 as of Friday. GoPro is currently trading at a market capof $1.41 billion (50% down in last one year) and analysts expect GoPro’s 2017 revenue to come in at $1.46 billion, giving it a forward PS of less than one.Many investors consider such low multiples as an attractive buying opportunity. But what investors must keep in mind is that lower multiples don’t automatically meancheaper valuations. A stock can have lower valuations than its peers and even its historical average and still remain expensive. There are analysts who are pointing to the fact that two years back GoPro was having similar revenue as of today but was trading at $50 a share and concluding that the stock is undervalued now. But I think the stock was overvalued then. Also, the narrative in the past two years has changed, for the worse.
Top 5 Undervalued Stocks To Own For 2019: Apollo Global Management, LLC(APO)
- [By Max Byerly]
Apollo Global Management (NYSE:APO) – Equities researchers at Jefferies Group dropped their Q2 2018 earnings estimates for Apollo Global Management in a research report issued to clients and investors on Monday, May 7th. Jefferies Group analyst G. O’hara now forecasts that the financial services provider will post earnings of $0.69 per share for the quarter, down from their previous estimate of $0.70. Jefferies Group also issued estimates for Apollo Global Management’s Q3 2018 earnings at $0.75 EPS and Q4 2018 earnings at $0.80 EPS.
- [By Tim Melvin]
That began to change a few years ago, when the big private equity firms began to go public. The Blackstone Group LP (NYSE: BX) was the first back in 2007, followed by KKR in 2010, Apollo Global Management LLC (NYSE: APO) in 2011, and The Carlyle Group LP (Nasdaq: CG) in 2012.
- [By Joe Tenebruso]
In fact, as my colleague Asit Sharma notes, one of the reasons ADT went public was because its majority owner — private equity firm Apollo Management (NYSE:APO) — wanted to pay down some of ADT’s burdensome debt load with its IPO proceeds. But should investors buy what Apollo sold? So far, the answer has been “no,” with ADT’s stock price down more than 40% from its IPO price. And with competitive threats from SimpliSafe and Amazon mounting, ADT’s stock price could continue to head lower in the months ahead.
Top 5 Undervalued Stocks To Own For 2019: Penumbra, Inc.(PEN)
- [By Stephan Byrd]
Penumbra (NYSE:PEN) released its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.08, Fidelity Earnings reports. Penumbra had a return on equity of 1.15% and a net margin of 3.65%. The business had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $90.98 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s revenue was up 40.3% compared to the same quarter last year.
- [By Logan Wallace]
Penumbra (NYSE:PEN) Director Bridget O’rourke purchased 700 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The stock was bought at an average cost of $156.40 per share, for a total transaction of $109,480.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Top 5 Undervalued Stocks To Own For 2019: Hot Tech Stocks To Own For 20()
- [By Stephan Byrd]
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
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Parmer Innovation Center to become mammoth employment hub in Northeast Austin (bizjournals.com) Rockefeller leases 138,000 s/f to Blank Rome (rew-online.com) CBRE Group CEO expects another year of double-digit earnings growth (smartbrief.com) Contrasting CBRE Group (CBRE) and Colliers International Gr (CIGI) (americanbankingnews.com) Scanning the CBRE Group, Inc. (:CBRE) Charts What’s Next For the Shares? (derbynewsjournal.com)
CBRE Group remained flat at $$47.42 during trading on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 1,305,500 shares, compared to its average volume of 2,132,441. The company has a market cap of $15.94 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.18 and a quick ratio of 1.18. CBRE Group has a 12-month low of $46.79 and a 12-month high of $47.41.
- [By Max Byerly]
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
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Investor’s Alert (Earnings Per Share) VistaGen Therapeutics Inc (NASDAQ: VTGN) (stocksmarketcap.com) Stock Technical’s & Performances to Explore VistaGen Therapeutics Inc (NASDAQ: VTGN) (stockspen.com) US STOCKS ON THE MOVE-Media and telecom stocks, H & R Block, TAL Education (nasdaq.com) Tracking the HMA Level on These Shares: VistaGen Therapeutics, Inc. (:VTGN): HMA Reading 1.4214792 (stocknewscaller.com) Keep Your Eyes on Hot Stock of Yesterday VistaGen Therapeutics, Inc. (VTGN) (stockmarketstop.com)
Vistagen Therapeutics traded down $0.02, reaching $1.46, on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 2,930 shares, compared to its average volume of 2,201,613. The stock has a market cap of $34.35 million, a P/E ratio of -0.95 and a beta of 0.29. Vistagen Therapeutics has a 52 week low of $0.69 and a 52 week high of $2.65.
- [By ]
For example, say Remind my wife about the party and say don’t forget to pick up a bottle of red wine tonight. Siri will know who your spouse is (or will ask you once) and place that in the To: field, and because you said about the party, Siri knows you want that in the Subject (Re:) field. You also said and say, which places words you said after that into the body of the email. This will all save you time!
- [By Stephan Byrd]
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
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Trading Center: Watching the Levels for Molecular Templates, Inc. (:MTEM): Move of 0.02 Since the Open (stocknewscaller.com) Molecular Templates (MTEM) Announces Clinical Data at 2018 ASCO Meeting (streetinsider.com) Gallbladder Cancer Treatment Sales Market Size by Players, Regions, Type, Application and Forecast to 2025 (exclusivereportage.com) ATR in spotlight EnSync, Inc. (NYSE:ESNC), CDTi Advanced Materials, Inc. (NASDAQ:CDTI), Molecular Templates, Inc … (stocksnewspoint.com)
MTEM has been the subject of several research analyst reports. ValuEngine lowered shares of Molecular Templates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.20.
Top 5 Undervalued Stocks To Own For 2019: Concho Resources Inc.(CXO)
- [By Shane Hupp]
BNP Paribas Arbitrage SA lifted its holdings in Concho Resources Inc (NYSE:CXO) by 79.7% during the first quarter, Holdings Channel reports. The institutional investor owned 51,579 shares of the oil and natural gas company’s stock after purchasing an additional 22,882 shares during the period. BNP Paribas Arbitrage SA’s holdings in Concho Resources were worth $7,754,000 as of its most recent filing with the SEC.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Concho Resources Inc. (NYSE: CXO) which traded down about 9% at $143.15. The stocks 52-week range is $106.73 to $162.91. Volume was 11.8 million compared to the daily average volume of 1.3 million.
- [By Matthew DiLallo]
According to a report by Bloomberg, pure-play Permian drillers have lost more than $15 billion in market value in the past few weeks as the difference between the two oil prices widened. Among the hardest-hit oil stocks has been Concho Resources (NYSE:CXO), which is in the process of becoming the largest shale producer in the Permian with its purchase of RSP Permian. In the past month alone, Concho’s market value has declined by nearly $4 billion to $19 billion. It’s not alone as several other pure-play Permian drillers have also shed billions of dollars in market value over the past few weeks due to falling oil prices in the region.
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The hot list:
Align Technology (ALGN) (+22% revenue growth estimate) Amazon (AMZN) (+22%) Autodesk (ADSK) (+27%) Cabot Oil & Gas (COG) (+34%) Concho Resources (CXO) (+30%) Facebook (FB) (+27%) Netflix (NFLX) (+25%) Pentair (PNR) (+22%) Vertex Pharmaceuticals (VRTX) (+22)
“Firms with high revenue growth should outperform the S&P 500 during the next 12 months as the index climbs by 6% to our target of 2875,” says Kostin.
- [By Logan Wallace]
Sanford C. Bernstein cut shares of Concho Resources (NYSE:CXO) from an outperform rating to a market perform rating in a research note released on Thursday, MarketBeat.com reports. Sanford C. Bernstein currently has $130.00 target price on the oil and natural gas company’s stock, down from their prior target price of $180.00.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Concho Resources Inc. (NYSE: CXO) which traded down about 7% at $140.01. The stocks 52-week range is $106.73 to $162.91. Volume was about 3 million compared to the daily average volume of 1.5 million.
Top 5 Undervalued Stocks To Own For 2019: Winnebago Industries Inc.(WGO)
- [By Motley Fool Staff]
So, what were investors thinking? The guys consider the near-term and longer-term stories for the company. Then, it’s on to recreational vehicle manufacturer Winnebago(NYSE:WGO). Overall RV sales are at record highs, and sales of towables in particular are shooting upward, thanks to their popularity among two key demographics. Yet the market is still valuing Winnebago shares around 20% below where they were a year ago. Is there justification for that pessimism?
- [By Logan Wallace]
Winnebago Industries, Inc. (NYSE:WGO) – Investment analysts at SunTrust Banks dropped their Q4 2018 earnings estimates for Winnebago Industries in a report released on Thursday, June 21st. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings per share of $0.98 for the quarter, down from their previous forecast of $1.00. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Winnebago Industries’ Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $1.29 EPS and Q4 2019 earnings at $1.16 EPS.
- [By Daniel Miller]
It’s fun to chat around the water cooler about the next big tech stock, but when it comes time to invest, people often overlook incredible companies because they aren’t household names or exciting businesses. Boring can be brilliant. And that’s why investors should stop overlooking Winnebago Industries Inc. (NYSE:WGO) and The Scotts Miracle-Gro Company (NYSE:SMG).