Notable Analyst Upgrades and Downgrades for Week of September 20, 2021

 

Upgrades:

 

Colgate-Palmolive (NYSE:CL) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report issued on Monday, The Fly reports.

Other research analysts also recently issued reports about the stock. Credit Suisse Group raised shares of Colgate-Palmolive from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $80.00 to $95.00 in a research report on Wednesday, June 9th. Evercore ISI reissued a "buy" rating and set a $95.00 price objective on shares of Colgate-Palmolive in a research report on Sunday, June 20th. Finally, UBS Group assumed coverage on shares of Colgate-Palmolive in a research report on Wednesday, June 23rd. They set a "buy" rating and a $95.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $85.54. Read more …

 

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Monday, The Fly reports.

Several other analysts also recently weighed in on CNI. Credit Suisse Group dropped their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 21st. Desjardins dropped their target price on shares of Canadian National Railway from C$147.00 to C$145.00 and set a “hold” rating on the stock in a research report on Wednesday, May 26th. Barclays dropped their target price on shares of Canadian National Railway from $119.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 14th. National Bank Financial upped their price objective on shares of Canadian National Railway from C$139.00 to C$144.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Loop Capital downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $157.00 price objective on the stock. in a report on Wednesday, September 1st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $139.06. Read more …

 

National Bank of Canada (TSE:NA) was upgraded by stock analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Price Targets.com reports. The firm currently has a C$40.00 price objective on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential downside of 58.24% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, September 2nd. CIBC increased their price target on National Bank of Canada from C$98.00 to C$102.00 and gave the stock a “neutral” rating in a report on Thursday, August 26th. CSFB increased their price target on National Bank of Canada from C$106.00 to C$110.00 in a report on Wednesday, September 1st. Royal Bank of Canada increased their price target on National Bank of Canada from C$97.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, August 26th. Finally, TD Securities lowered their price target on National Bank of Canada from C$100.00 to C$99.00 and set a “hold” rating for the company in a report on Thursday, August 26th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$98.85. Read more …

 

 

ABB (NYSE:ABB) was upgraded by analysts at Exane BNP Paribas to a "neutral" rating in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has a CHF 37 price target on the industrial products company's stock.

Other analysts also recently issued reports about the company. Kepler Capital Markets upgraded ABB from a "hold" rating to a "buy" rating and set a $36.00 price target for the company in a research note on Friday, July 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of ABB in a research note on Tuesday, July 27th. JPMorgan Chase & Co. set a $36.78 target price on ABB and gave the company a "neutral" rating in a research report on Friday, July 23rd. HSBC upgraded ABB from a "hold" rating to a "buy" rating in a research report on Thursday, May 27th. Finally, Barclays set a $36.78 target price on ABB and gave the company an "equal weight" rating in a research report on Friday, July 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $35.88. Read more …

FedEx Corporation: Low Yield, High Growth, & High Total Returns

 

A Good Opportunity for Income Investors?

 

 

When it comes to pandemic-proof plays, the most popular ones have been e-commerce stocks, social media stocks, and other Internet stocks that made the stay-at-home environment more bearable.

 

Indeed, these companies have generally performed much better than others—including the traditional recession-proof sectors like consumer staples and utilities.

 

But technology isn’t the only sector that has been prospering during these extraordinary times. FedEx Corporation (NYSE:FDX), for instance, has also provided huge returns to investors.

 

As a multinational delivery company that has been around since 1971, FedEx doesn’t seem nearly as exciting as the tech names. But its share-price performance has been nothing short of impressive.

 

Take a look at the chart below. Before the COVID-19-induced stock market crash last year, FedEx stock was trading around $160.00 per share. Today, it’s trading at more than $295.00 per share. That’s an increase of more than 84%!

 

And for investors who were buying the dip at about $100.00 per share during the sell-off in March 2020, the return would be nearly 200%.

 

 

Again, we’re not talking about some exciting tech play or “next-big-thing” industry. We’re looking at the returns from a five-decade-old courier.

 

Continue reading …

 

Week's Most Significant Insider Trades: Week of March 22, 2021

 

Disposals:

 

Visa Inc. (NYSE:V) Director Robert W. Matschullat sold 29,956 shares of the firm’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $223.02, for a total transaction of $6,680,787.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

V opened at $208.00 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $212.23 and its two-hundred day moving average price is $206.40. The firm has a market capitalization of $406.08 billion, a P/E ratio of 42.62, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Visa Inc. has a 12-month low of $133.93 and a 12-month high of $228.23.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. Visa had a return on equity of 37.22% and a net margin of 49.74%. The company had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the prior year, the business earned $1.46 earnings per share. Visa’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts anticipate that Visa Inc. will post 5.45 earnings per share for the current year. Read more …

 

Best Buy Co., Inc. (NYSE:BBY) CEO Corie S. Barry sold 10,855 shares of the stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $119.03, for a total transaction of $1,292,070.65. Following the sale, the chief executive officer now owns 194,516 shares in the company, valued at $23,153,239.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

 

Best Buy Co., Inc. (NYSE:BBY) COO Rajendra M. Mohan sold 8,640 shares of the business’s stock in a transaction on Tuesday, March 23rd. The shares were sold at an average price of $119.03, for a total transaction of $1,028,419.20. Following the sale, the chief operating officer now directly owns 147,329 shares of the company’s stock, valued at $17,536,570.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Rajendra M. Mohan also recently made the following trade(s):

On Tuesday, March 16th, Rajendra M. Mohan sold 4,261 shares of Best Buy stock. The shares were sold at an average price of $113.88, for a total transaction of $485,242.68.

Shares of Best Buy stock traded up $1.86 on Thursday, hitting $116.18. The company had a trading volume of 2,250,583 shares, compared to its average volume of 2,961,744. The business has a 50-day simple moving average of $112.27 and a 200-day simple moving average of $111.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 0.55. The company has a market cap of $29.05 billion, a PE ratio of 17.37, a PEG ratio of 1.40 and a beta of 1.52. Best Buy Co., Inc. has a 52 week low of $51.71 and a 52 week high of $124.89. Read more …

 

Costco Wholesale Co. (NASDAQ:COST) VP Roland Michael Vachris sold 4,300 shares of the company’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $334.30, for a total value of $1,437,490.00. Following the completion of the transaction, the vice president now owns 15,602 shares of the company’s stock, valued at $5,215,748.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

COST stock traded up $5.85 during mid-day trading on Tuesday, reaching $340.34. The company had a trading volume of 3,604,902 shares, compared to its average volume of 3,088,433. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.53. The stock has a 50 day simple moving average of $339.90 and a two-hundred day simple moving average of $359.73. The company has a market capitalization of $150.61 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 4.17 and a beta of 0.66. Costco Wholesale Co. has a 52 week low of $279.21 and a 52 week high of $393.15. Read more …

 

 

FedEx Co. (NYSE:FDX) VP John L. Merino sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $273.30, for a total value of $2,733,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NYSE:FDX traded down $7.21 during trading hours on Tuesday, reaching $266.81. 2,268,258 shares of the company's stock were exchanged, compared to its average volume of 2,691,275. The firm has a market capitalization of $70.80 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.22 and a beta of 1.30. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.10. FedEx Co. has a 1-year low of $103.40 and a 1-year high of $305.66. The company has a 50-day moving average of $258.53 and a 200 day moving average of $263.05.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Wednesday, March 17th. The shipping service provider reported $3.47 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.21 by $0.26. The firm had revenue of $21.51 billion for the quarter, compared to analyst estimates of $19.90 billion. FedEx had a net margin of 3.28% and a return on equity of 18.65%. FedEx's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. Research analysts forecast that FedEx Co. will post 17.24 EPS for the current fiscal year. Read more …

Notable Analyst Upgrades and Downgrades for Week of January 4, 2021 (Part 2)

 

Upgrades:

 

The Hershey (NYSE:HSY) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Briefing.com reports. The firm currently has a $168.00 target price on the stock. Bank of America‘s price target would suggest a potential upside of 11.46% from the stock’s current price.

Several other brokerages also recently commented on HSY. Barclays restated a “hold” rating on shares of The Hershey in a research report on Sunday, November 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Hershey from $152.00 to $157.00 and gave the company a “hold” rating in a research report on Monday, November 9th. BidaskClub cut shares of The Hershey from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 23rd. Wells Fargo & Company reduced their price objective on shares of The Hershey from $155.00 to $149.00 and set an “equal weight” rating on the stock in a research note on Monday, November 9th. Finally, Zacks Investment Research cut shares of The Hershey from a “buy” rating to a “hold” rating and set a $148.00 price objective on the stock. in a research note on Friday, September 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The Hershey has a consensus rating of “Hold” and a consensus target price of $150.88. Read more …

 

Accenture (NYSE:ACN) was upgraded by equities researchers at Bank of America from an "underperform" rating to a "neutral" rating in a note issued to investors on Wednesday, Briefing.com reports. The firm currently has a $261.00 price target on the information technology services provider's stock. Bank of America's price target would suggest a potential upside of 1.19% from the company's previous close.

Several other brokerages have also recently weighed in on ACN. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on Accenture from $265.00 to $303.00 in a report on Friday, December 18th. BMO Capital Markets upped their price objective on shares of Accenture from $250.00 to $290.00 and gave the stock a "market perform" rating in a research note on Friday, December 18th. They noted that the move was a valuation call. Robert W. Baird increased their target price on shares of Accenture from $222.00 to $240.00 and gave the stock a "neutral" rating in a report on Tuesday, September 22nd. Morgan Stanley boosted their price target on shares of Accenture from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, December 15th. Finally, Citigroup increased their price objective on shares of Accenture from $247.00 to $269.00 and gave the company a "buy" rating in a research note on Sunday, September 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of "Buy" and an average price target of $248.07. Read more …

 

Wells Fargo & Company (NYSE:WFC) was upgraded by equities research analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued on Thursday, Briefing.com reports. The brokerage currently has a $38.00 price objective on the financial services provider's stock, up from their prior price objective of $26.00. Jefferies Financial Group's price objective indicates a potential upside of 16.24% from the company's previous close.

WFC has been the subject of several other research reports. DA Davidson raised Wells Fargo & Company from a "neutral" rating to a "buy" rating and raised their price target for the stock from $27.00 to $31.00 in a research report on Thursday, November 19th. Wolfe Research raised Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and raised their price target for the stock from $31.00 to $34.00 in a research report on Monday, September 14th. Keefe, Bruyette & Woods raised Wells Fargo & Company from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $28.00 to $36.00 in a research report on Monday, December 14th. Barclays raised their price target on Wells Fargo & Company from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Compass Point raised Wells Fargo & Company from a "neutral" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Friday, November 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and an average price target of $32.06. Read more …

 

 

McDonald’s (NYSE:MCD) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report released on Thursday, Briefing.com reports. The firm currently has a $240.00 price target on the fast-food giant’s stock. Oppenheimer’s price objective would indicate a potential upside of 13.74% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Bank of America increased their price target on shares of McDonald’s from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. KeyCorp increased their price target on shares of McDonald’s from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 10th. Stephens downgraded shares of McDonald’s from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $250.00 to $225.00 in a research note on Monday, December 7th. Smith Barney Citigroup started coverage on shares of McDonald’s in a research note on Monday. They issued a “neutral” rating and a $230.00 price target for the company. Finally, UBS Group raised shares of McDonald’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $230.00 to $240.00 in a research note on Monday, December 14th. Eight research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $231.03. Read more …

 

Notable Analyst Upgrades and Downgrades for Week of November 30, 2020 (Part 2)

 

Upgrades:

  

The Charles Schwab (NYSE:SCHW) was upgraded by investment analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a note issued to investors on Tuesday, The Fly reports. The firm currently has a $58.00 price objective on the financial services provider's stock, up from their prior price objective of $44.00. Wells Fargo & Company's price objective suggests a potential upside of 18.90% from the stock's current price.

A number of other analysts have also recently commented on SCHW. Bank of America boosted their price objective on The Charles Schwab from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, October 16th. TheStreet raised shares of The Charles Schwab from a "c" rating to a "b-" rating in a research note on Thursday, October 8th. Raymond James reissued a "hold" rating on shares of The Charles Schwab in a research note on Thursday, August 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of The Charles Schwab from a "neutral" rating to a "buy" rating and raised their price target for the stock from $44.00 to $54.00 in a research note on Tuesday, November 17th. Finally, Credit Suisse Group raised their price target on shares of The Charles Schwab from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 3rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of "Hold" and an average price target of $47.53. Read more …

 

The Southern (NYSE:SO) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other equities analysts have also recently commented on the stock. UBS Group dropped their target price on shares of The Southern from $57.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, September 1st. Barclays boosted their target price on shares of The Southern from $61.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, November 18th. KeyCorp boosted their target price on shares of The Southern from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Morgan Stanley boosted their target price on shares of The Southern from $60.00 to $62.00 and gave the company an “underweight” rating in a research report on Tuesday, November 17th. Finally, BMO Capital Markets began coverage on shares of The Southern in a research report on Tuesday, November 24th. They issued a “market perform” rating and a $67.00 target price for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.66. Read more …

 

FedEx (NYSE:FDX)‘s stock had its “buy” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued on Wednesday, AnalystRatings.net reports. They currently have a $308.00 price objective on the shipping service provider’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 5.25% from the company’s current price.

Several other brokerages have also recently weighed in on FDX. TheStreet raised FedEx from a “c+” rating to a “b” rating in a report on Tuesday, September 15th. Wells Fargo & Company boosted their price target on shares of FedEx from $221.00 to $286.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 16th. Berenberg Bank reaffirmed a “buy” rating and issued a $320.00 price objective on shares of FedEx in a research note on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft upgraded shares of FedEx from a “hold” rating to a “buy” rating and upped their target price for the company from $243.00 to $318.00 in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $298.00 price objective (up from $265.00) on shares of FedEx in a research note on Wednesday, September 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $287.48. Read more …

 

 

S&P Global (NYSE:SPGI) was upgraded by equities researchers at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a research note issued on Wednesday, The Fly reports.

SPGI has been the topic of a number of other reports. Stifel Nicolaus increased their price objective on S&P Global from $351.00 to $353.00 and gave the company a "hold" rating in a report on Friday, October 2nd. UBS Group increased their price objective on S&P Global from $418.00 to $422.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft started coverage on S&P Global in a report on Monday. They issued a "buy" rating and a $415.00 price objective on the stock. BMO Capital Markets cut their price objective on S&P Global from $375.00 to $392.00 in a report on Wednesday, October 28th. Finally, Morgan Stanley upped their target price on S&P Global from $404.00 to $411.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. S&P Global has an average rating of "Buy" and an average target price of $366.64. Read more …

 

Week's Most Significant Insider Trades: Week of October 19, 2020

 

Disposals:

 

Williams-Sonoma, Inc. (NYSE:WSM) CEO Laura Alber sold 35,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $103.93, for a total value of $3,637,550.00. Following the sale, the chief executive officer now directly owns 466,702 shares of the company’s stock, valued at $48,504,338.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Laura Alber also recently made the following trade(s):

On Monday, August 17th, Laura Alber sold 15,000 shares of Williams-Sonoma stock. The stock was sold at an average price of $95.78, for a total value of $1,436,700.00.

NYSE WSM traded down $0.03 during trading on Monday, hitting $104.97. 1,017,417 shares of the company traded hands, compared to its average volume of 1,347,662. Williams-Sonoma, Inc. has a 12 month low of $26.01 and a 12 month high of $107.09. The business has a fifty day simple moving average of $92.51 and a 200 day simple moving average of $80.25. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $8.17 billion, a P/E ratio of 20.23, a PEG ratio of 2.35 and a beta of 1.66. Read more …

 

Accenture plc (NYSE:ACN) CEO Julie Spellman Sweet sold 9,228 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $230.57, for a total value of $2,127,699.96. Following the sale, the chief executive officer now directly owns 18,562 shares in the company, valued at approximately $4,279,840.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Read more …

Accenture plc (NYSE:ACN) Chairman David Rowland sold 10,938 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $229.30, for a total transaction of $2,508,083.40. Following the transaction, the chairman now directly owns 25,170 shares of the company’s stock, valued at approximately $5,771,481. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ACN stock traded up $4.15 during trading on Tuesday, hitting $230.39. 1,767,522 shares of the stock traded hands, compared to its average volume of 2,421,359. Accenture plc has a 1 year low of $137.15 and a 1 year high of $247.82. The firm’s 50 day moving average is $230.53 and its two-hundred day moving average is $210.60. The stock has a market cap of $146.71 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 2.87 and a beta of 1.06. Read more …

 

FedEx Co. (NYSE:FDX) VP John L. Merino sold 5,000 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $289.32, for a total transaction of $1,446,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

John L. Merino also recently made the following trade(s):

On Friday, September 18th, John L. Merino sold 24,981 shares of FedEx stock. The shares were sold at an average price of $246.16, for a total value of $6,149,322.96.

NYSE FDX traded up $5.43 during trading on Tuesday, reaching $287.40. 3,919,817 shares of the company traded hands, compared to its average volume of 3,095,121. The company has a market cap of $75.47 billion, a price-to-earnings ratio of 42.45, a P/E/G ratio of 1.52 and a beta of 1.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.64 and a current ratio of 1.69. FedEx Co. has a 1-year low of $88.69 and a 1-year high of $292.69. The stock’s 50 day moving average price is $249.44 and its two-hundred day moving average price is $173.21. Read more …

 

 

Seagate Technology plc (NASDAQ:STX) Director Stephen J. Luczo sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $52.49, for a total value of $367,430.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Seagate Technology stock traded down $0.20 during trading hours on Wednesday, reaching $51.69. 3,477,659 shares of the stock were exchanged, compared to its average volume of 2,587,235. Seagate Technology plc has a 52-week low of $39.02 and a 52-week high of $64.17. The stock has a market cap of $13.26 billion, a P/E ratio of 13.60, a P/E/G ratio of 9.79 and a beta of 0.96. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.09 and a current ratio of 1.51. The firm's 50 day moving average is $48.88 and its 200 day moving average is $48.78.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $1.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.20. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.62 billion. Seagate Technology had a net margin of 9.55% and a return on equity of 68.62%. The business's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share. Equities research analysts expect that Seagate Technology plc will post 4.34 EPS for the current fiscal year.  Read more …

 

General Mills, Inc. (NYSE:GIS) insider Sean N. Walker sold 9,062 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $61.59, for a total transaction of $558,128.58. Following the completion of the sale, the insider now directly owns 66,793 shares of the company’s stock, valued at approximately $4,113,780.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NYSE GIS traded up $0.40 during trading on Thursday, hitting $61.37. 63,908 shares of the company’s stock were exchanged, compared to its average volume of 4,182,932. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The company has a market cap of $37.27 billion, a PE ratio of 16.30, a P/E/G ratio of 2.31 and a beta of 0.60. General Mills, Inc. has a fifty-two week low of $46.59 and a fifty-two week high of $66.14. The stock’s 50 day moving average price is $60.75 and its two-hundred day moving average price is $61.40. Read more …

 

 

Acquisitions:

 

Fastenal (NASDAQ:FAST) Director Hsenghung Sam Hsu bought 1,000 shares of the stock in a transaction on Friday, October 16th. The shares were bought at an average cost of $45.00 per share, with a total value of $45,000.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at $45,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Hsenghung Sam Hsu also recently made the following trade(s):

On Monday, October 19th, Hsenghung Sam Hsu acquired 1,000 shares of Fastenal stock. The stock was acquired at an average cost of $44.50 per share, with a total value of $44,500.00.

FAST stock traded down $0.83 during midday trading on Monday, reaching $44.43. 4,116,533 shares of the company were exchanged, compared to its average volume of 4,562,345. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.91 and a current ratio of 4.13. Fastenal has a 1-year low of $26.72 and a 1-year high of $49.86. The stock’s 50-day simple moving average is $45.42 and its 200 day simple moving average is $42.40. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 3.63 and a beta of 1.19. Read more …

 

Notable Analyst Upgrades and Downgrades for Week of September 28, 2020

 

Upgrades:

FedEx (NYSE:FDX) was upgraded by Deutsche Bank from a "hold" rating to a "buy" rating in a research note issued to investors on Monday, Briefing.com reports. The firm currently has a $318.00 price objective on the shipping service provider's stock. Deutsche Bank's price target suggests a potential upside of 27.11% from the company's current price.

 

Other equities analysts have also issued reports about the stock. Robert W. Baird raised their price target on shares of FedEx from $232.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Berenberg Bank set a $280.00 price objective on shares of FedEx and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Stifel Nicolaus raised shares of FedEx from a "hold" rating to a "buy" rating and raised their price objective for the stock from $175.00 to $281.00 in a research note on Thursday. Evercore ISI started coverage on shares of FedEx in a research note on Wednesday, September 9th. They set an "outperform" rating and a $300.00 price objective on the stock. Finally, Barclays raised their price objective on shares of FedEx from $205.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 16th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. FedEx presently has an average rating of "Buy" and a consensus target price of $271.60. Read more …

Chevron (NYSE:CVX) was upgraded by equities research analysts at BofA Securities from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, Briefing.com reports. The firm presently has a $96.00 price target on the oil and gas company's stock. BofA Securities' price objective would indicate a potential upside of 33.65% from the stock's current price.

 

Other research analysts have also issued research reports about the stock. MKM Partners started coverage on shares of Chevron in a research report on Thursday. They issued a "buy" rating and a $121.00 price target for the company. Morgan Stanley increased their price target on shares of Chevron from $104.00 to $108.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. JPMorgan Chase & Co. increased their price target on shares of Chevron from $103.00 to $109.00 and gave the stock an "overweight" rating in a research report on Monday, June 8th. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and set a $95.00 price target for the company. in a research report on Wednesday, September 23rd. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $108.00 price target on shares of Chevron in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Chevron presently has a consensus rating of "Buy" and a consensus target price of $107.83. Read more …

ONEOK (NYSE:OKE) had its price target lowered by stock analysts at Bank of America from $35.00 to $31.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. Bank of America's target price indicates a potential upside of 15.80% from the stock's current price.

 

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lifted their price objective on ONEOK from $31.00 to $33.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Mizuho lowered their price objective on ONEOK from $40.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, July 7th. Wells Fargo & Company lowered ONEOK from an "overweight" rating to an "equal weight" rating and set a $33.00 price objective on the stock. in a report on Wednesday, July 22nd. Stifel Nicolaus decreased their price target on ONEOK from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Scotiabank lowered ONEOK from a "sector outperform" rating to a "sector perform" rating and set a $31.00 price target on the stock. in a research note on Monday, September 21st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus price target of $37.60. Read more …

Starbucks (NASDAQ:SBUX) was upgraded by equities researchers at Cowen from a "market perform" rating to an "outperform" rating in a report issued on Wednesday, Briefing.com reports. The firm currently has a $99.00 target price on the coffee company's stock, up from their prior target price of $77.00. Cowen's price objective would suggest a potential upside of 16.75% from the stock's previous close.

 

Several other research firms also recently commented on SBUX. JPMorgan Chase & Co. increased their target price on shares of Starbucks from $76.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, September 21st. Zacks Investment Research upgraded shares of Starbucks from a "sell" rating to a "hold" rating and set a $86.00 price target for the company in a report on Monday, June 8th. Bank of America upped their price target on shares of Starbucks from $82.00 to $88.00 and gave the company a "neutral" rating in a report on Monday. Telsey Advisory Group decreased their price target on shares of Starbucks from $90.00 to $80.00 and set a "market perform" rating for the company in a report on Tuesday, June 23rd. Finally, Atlantic Securities began coverage on shares of Starbucks in a report on Monday, June 15th. They set an "overweight" rating and a $95.00 price target for the company. Fifteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus target price of $85.42. Read more …

Notable Analyst Upgrades and Downgrades for Week of September 16, 2019

Upgrades:

UBS Group upgraded shares of ConocoPhillips (NYSE:COP) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, BenzingaRatingsTable reports.

COP has been the subject of a number of other reports. ValuEngine raised shares of ConocoPhillips from a sell rating to a hold rating in a research report on Thursday, June 27th. Mizuho raised shares of ConocoPhillips from a neutral rating to a buy rating and increased their target price for the company from $74.00 to $80.00 in a research report on Wednesday, June 26th. Morgan Stanley reduced their target price on shares of ConocoPhillips from $84.00 to $81.00 and set an overweight rating for the company in a research report on Friday, July 12th. Zacks Investment Research raised shares of ConocoPhillips from a strong sell rating to a hold rating and set a $52.00 target price for the company in a research report on Thursday, July 11th. Finally, Barclays assumed coverage on shares of ConocoPhillips in a research report on Monday, August 19th. They set an overweight rating and a $79.00 target price for the company. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. ConocoPhillips has an average rating of Buy and a consensus price target of $76.85. Read more …

Wedbush upgraded shares of Lowe’s Companies (NYSE:LOW) from a neutral rating to an outperform rating in a research report sent to investors on Monday, BenzingaRatingsTable reports. They currently have $135.00 target price on the home improvement retailer’s stock, up from their prior target price of $115.00.

Several other research firms have also recently commented on LOW. ValuEngine raised Lowe’s Companies from a hold rating to a buy rating in a research note on Tuesday, September 10th. Morgan Stanley boosted their target price on Lowe’s Companies from $123.00 to $130.00 and gave the stock an overweight rating in a research note on Thursday, August 22nd. UBS Group boosted their target price on Lowe’s Companies from $115.00 to $125.00 and gave the stock a buy rating in a research note on Thursday, August 22nd. Barclays boosted their target price on Lowe’s Companies from $95.00 to $105.00 and gave the stock an equal weight rating in a research note on Monday, June 24th. Finally, Telsey Advisory Group boosted their target price on Lowe’s Companies from $116.00 to $120.00 and gave the stock an outperform rating in a research note on Thursday, August 22nd. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $118.00. Read more …

JPMorgan Chase & Co. upgraded shares of Raytheon (NYSE:RTN) from a neutral rating to an overweight rating in a report released on Monday morning, BenzingaRatingsTable reports. The brokerage currently has $230.00 price objective on the aerospace company’s stock, up from their previous price objective of $225.00.

RTN has been the subject of several other research reports. Stifel Nicolaus upped their price objective on shares of Raytheon from $205.00 to $218.00 and gave the stock a buy rating in a report on Monday, June 10th. UBS Group upped their price objective on shares of Raytheon from $205.00 to $215.00 and gave the stock a neutral rating in a report on Friday. Bank of America reaffirmed a buy rating and issued a $265.00 price objective (up previously from $224.00) on shares of Raytheon in a report on Friday, July 26th. Vertical Research downgraded shares of Raytheon from a buy rating to a hold rating and reduced their price objective for the stock from $216.00 to $203.00 in a report on Tuesday, June 11th. Finally, ValuEngine downgraded shares of Raytheon from a hold rating to a sell rating in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $212.00. Read more …

Barclays upgraded shares of Schlumberger (NYSE:SLB) from an equal weight rating to an overweight rating in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. Barclays currently has $50.00 price objective on the oil and gas company’s stock, up from their prior price objective of $45.00.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Co cut their price objective on shares of Schlumberger from $48.00 to $44.00 and set an outperform rating on the stock in a report on Thursday, September 12th. Stifel Nicolaus raised shares of Schlumberger from a hold rating to a buy rating and set a $50.00 price objective on the stock in a report on Friday, June 7th. Piper Jaffray Companies set a $40.00 price objective on shares of Schlumberger and gave the company a buy rating in a report on Monday, July 1st. Bank of America cut their price objective on shares of Schlumberger from $51.00 to $45.00 and set a buy rating on the stock in a report on Wednesday, August 28th. Finally, Raymond James reissued a hold rating on shares of Schlumberger in a report on Friday, June 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $51.11. Read more …

Most Significant Insider Trades: Week of December 31, 2018

Acquisitions:

Enterprise Products Partners L.P. (NYSE:EPD) CEO Aj Teague acquired 10,000 shares of the stock in a transaction that occurred on Monday, December 31st. The shares were bought at an average price of $24.36 per share, with a total value of $243,600.00. Following the completion of the transaction, the chief executive officer now owns 1,654,372 shares in the company, valued at $40,300,501.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Aj Teague also recently made the following trade(s):

On Thursday, December 20th, Aj Teague acquired 10,000 shares of Enterprise Products Partners stock. The shares were bought at an average price of $24.61 per share, with a total value of $246,100.00.

On Wednesday, November 14th, Aj Teague acquired 15,005 shares of Enterprise Products Partners stock. The shares were bought at an average price of $26.32 per share, with a total value of $394,931.60.

EPD opened at $24.59 on Tuesday. Enterprise Products Partners L.P. has a fifty-two week low of $23.10 and a fifty-two week high of $30.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market cap of $51.61 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 4.25 and a beta of 0.88. Read more …

FedEx Co. (NYSE:FDX) Director David P. Steiner purchased 7,000 shares of FedEx stock in a transaction that occurred on Wednesday, January 2nd. The shares were purchased at an average cost of $162.92 per share, with a total value of $1,140,440.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Shares of FDX stock traded up $7.24 during mid-day trading on Friday, reaching $164.43. 2,918,701 shares of the company’s stock traded hands, compared to its average volume of 2,690,910. FedEx Co. has a 12 month low of $150.94 and a 12 month high of $274.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.36. The company has a market cap of $42.11 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.80 and a beta of 1.63. Read more …

Disposals:

AbbVie Inc (NYSE:ABBV) Vice Chairman Laura J. Schumacher sold 25,000 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $90.00, for a total value of $2,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. AbbVie stock traded down $2.96 on Wednesday, reaching $89.23. The company’s stock had a trading volume of 6,906,809 shares, compared to its average volume of 5,944,501. The firm has a market cap of $138.67 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.86 and a beta of 1.45. AbbVie Inc has a twelve month low of $77.50 and a twelve month high of $125.86. Read more …

Kroger Co (NYSE:KR) Director Robert D. Beyer sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $27.39, for a total value of $1,369,500.00. Following the sale, the director now owns 230,722 shares of the company’s stock, valued at approximately $6,319,475.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Shares of NYSE:KR opened at $27.35 on Friday. Kroger Co has a twelve month low of $22.85 and a twelve month high of $32.74. The company has a market cap of $21.94 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.90 and a beta of 0.82. The company has a quick ratio of 0.25, a current ratio of 0.73 and a debt-to-equity ratio of 1.53. Read more …

NextEra Energy Inc (NYSE:NEE) Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total value of $272,368.00. Following the completion of the transaction, the director now directly owns 20,100 shares of the company’s stock, valued at $3,421,623. The transaction was disclosed in a document filed with the SEC, which is available at this link. NextEra Energy stock traded up $0.09 during midday trading on Thursday, reaching $169.92. The stock had a trading volume of 97,812 shares, compared to its average volume of 2,399,461. NextEra Energy Inc has a 12 month low of $145.10 and a 12 month high of $184.20. The firm has a market capitalization of $83.08 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.40 and a beta of 0.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. Read more …

Costco Wholesale Co. (NASDAQ:COST) Director Susan L. Decker sold 1,611 shares of the business’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $206.15, for a total value of $332,107.65. Following the transaction, the director now owns 51,389 shares of the company’s stock, valued at $10,593,842.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. NASDAQ:COST traded up $5.82 during trading hours on Friday, reaching $206.24. 2,734,400 shares of the stock were exchanged, compared to its average volume of 2,585,033. Costco Wholesale Co. has a twelve month low of $175.79 and a twelve month high of $245.16. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The company has a market cap of $89.73 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.67 and a beta of 0.99. Read more …

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