Notable Analyst Upgrades and Downgrades for Week of May 9 2022

 

Upgrades:

 

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

A number of other brokerages have also recently issued reports on BEP. National Bankshares increased their target price on Brookfield Renewable Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, April 19th. National Bank Financial upgraded Brookfield Renewable Partners from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Tuesday, January 18th. Zacks Investment Research lowered Brookfield Renewable Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, April 18th. CIBC upgraded Brookfield Renewable Partners from a “neutral” rating to a “sector outperform” rating and decreased their price objective for the company from $42.00 to $40.00 in a research report on Tuesday, January 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable Partners from $46.00 to $39.00 in a research report on Thursday, January 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Brookfield Renewable Partners has an average rating of “Buy” and a consensus target price of $42.38. Read more …

 

Fortis (TSE:FTS) was upgraded by research analysts at Veritas Investment Research to a “buy” rating in a research note issued on Monday, Stock Target Advisor reports.

FTS has been the topic of a number of other reports. National Bankshares boosted their target price on shares of Fortis from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday. Raymond James set a C$58.00 price objective on shares of Fortis and gave the stock a “market perform” rating in a research report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and set a C$60.00 price objective (up from C$57.00) on shares of Fortis in a research report on Tuesday, March 15th. Credit Suisse Group lifted their price objective on shares of Fortis to C$66.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 13th. Finally, CIBC boosted their target price on shares of Fortis from C$60.00 to C$63.00 in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$61.81. Read more …

 

Genuine Parts (NYSE:GPC) was upgraded by equities researchers at Bank of America from an "underperform" rating to a "neutral" rating in a report released on Tuesday, The Fly reports. The firm currently has a $133.00 target price on the specialty retailer's stock. Bank of America's price target indicates a potential upside of 0.80% from the stock's current price. The analysts noted that the move was a valuation call.

GPC has been the subject of a number of other reports. Wedbush restated a "neutral" rating on shares of Genuine Parts in a research report on Friday, February 18th. Truist Financial started coverage on Genuine Parts in a research report on Thursday, January 13th. They set a "hold" rating and a $142.00 price objective for the company. Finally, StockNews.com started coverage on Genuine Parts in a research report on Thursday, March 31st. They set a "strong-buy" rating for the company. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Genuine Parts presently has a consensus rating of "Hold" and an average price target of $139.25. Read more …

 

 

Wells Fargo & Company upgraded shares of Albemarle (NYSE:ALB) from an equal weight rating to an overweight rating in a report issued on Wednesday, The Fly reports. The brokerage currently has $285.00 target price on the specialty chemicals company’s stock, up from their previous target price of $215.00.

Several other brokerages also recently weighed in on ALB. Mizuho upped their target price on Albemarle from $243.00 to $293.00 in a research report on Friday, May 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Albemarle from $250.00 to $290.00 in a research note on Friday, May 6th. Bank of America cut their price objective on Albemarle from $230.00 to $216.00 in a research note on Friday, February 18th. TheStreet upgraded Albemarle from a c+ rating to a b rating in a research note on Wednesday, May 4th. Finally, StockNews.com upgraded Albemarle from a sell rating to a hold rating in a research note on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $272.89. Read more …

 

Federal Realty Investment Trust (NYSE:FRT) was upgraded by equities research analysts at Raymond James from a "market perform" rating to a "strong-buy" rating in a research note issued on Thursday, Briefing.com reports. The firm currently has a $140.00 target price on the real estate investment trust's stock. Raymond James' target price points to a potential upside of 28.65% from the company's previous close.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Federal Realty Investment Trust from $150.00 to $143.00 and set a "buy" rating on the stock in a research report on Thursday, March 31st. Mizuho dropped their target price on Federal Realty Investment Trust from $142.00 to $129.00 and set a "buy" rating on the stock in a research report on Tuesday, February 15th. Wells Fargo & Company decreased their price target on Federal Realty Investment Trust from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 7th. Capital One Financial raised Federal Realty Investment Trust from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $130.00 to $145.00 in a research note on Wednesday, February 9th. Finally, StockNews.com initiated coverage on Federal Realty Investment Trust in a research note on Thursday, March 31st. They set a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $134.42. Read more …

 

TC Energy (NYSE:TRP) (TSE:TRP) was upgraded by CIBC from a "neutral" rating to a "sector outperform" rating in a research report issued on Thursday, The Fly reports.

A number of other research firms also recently weighed in on TRP. National Bank Financial raised their price target on TC Energy from C$65.00 to C$66.00 in a research report on Thursday, February 17th. US Capital Advisors cut TC Energy from an "overweight" rating to a "hold" rating in a research note on Friday, March 11th. Zacks Investment Research cut TC Energy from a "hold" rating to a "sell" rating and set a $58.00 price target on the stock. in a research report on Thursday, April 28th. Wells Fargo & Company boosted their price objective on shares of TC Energy from $63.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 22nd. Finally, Scotiabank boosted their target price on shares of TC Energy from C$72.00 to C$78.00 in a research note on Wednesday, April 13th. Four 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $67.17. Read more …

 

 

WEC Energy Group (NYSE:WEC) was upgraded by analysts at Bank of America from a "neutral" rating to a "buy" rating in a report released on Friday, The Fly reports.

WEC has been the topic of a number of other research reports. StockNews.com initiated coverage on shares of WEC Energy Group in a research note on Thursday, March 31st. They set a "hold" rating on the stock. Evercore ISI restated a "hold" rating and set a $97.00 price target on shares of WEC Energy Group in a research note on Friday, February 4th. The Goldman Sachs Group upgraded shares of WEC Energy Group from a "sell" rating to a "neutral" rating and set a $99.00 price target on the stock in a research note on Thursday, January 13th. Credit Suisse Group initiated coverage on shares of WEC Energy Group in a research note on Monday, April 25th. They set a "neutral" rating and a $108.00 price target on the stock. Finally, BMO Capital Markets restated a "hold" rating and set a $98.00 price target on shares of WEC Energy Group in a research note on Friday, February 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of "Hold" and an average target price of $101.00. Read more …

 

Waste Management (NYSE:WM) was upgraded by Bank of America from an "underperform" rating to a "neutral" rating in a note issued to investors on Friday, The Fly reports.

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets downgraded Waste Management from an "outperform" rating to a "market perform" rating and set a $174.00 price target on the stock. in a report on Tuesday, April 12th. Raymond James increased their price objective on Waste Management from $167.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, April 22nd. cut Waste Management to a "hold" rating in a research note on Wednesday, February 9th. JPMorgan Chase & Co. began coverage on Waste Management in a research note on Tuesday, March 1st. They issued a "neutral" rating and a $153.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Waste Management from $157.00 to $167.00 in a research note on Thursday, April 28th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Waste Management presently has an average rating of "Hold" and a consensus target price of $161.00. Read more …

 

 

Downgrades:

 

Domino's Pizza (NYSE:DPZ) was downgraded by analysts at Argus from a "buy" rating to a "hold" rating in a research note issued on Monday, The Fly reports.

A number of other equities research analysts have also issued reports on DPZ. Guggenheim cut their price target on shares of Domino's Pizza from $445.00 to $370.00 in a report on Friday. BMO Capital Markets cut their price target on shares of Domino's Pizza from $450.00 to $400.00 in a report on Friday, April 29th. Oppenheimer cut their price target on shares of Domino's Pizza from $510.00 to $435.00 in a report on Friday, April 29th. Cowen cut their price target on shares of Domino's Pizza from $390.00 to $365.00 in a report on Friday, April 29th. Finally, Credit Suisse Group cut their target price on shares of Domino's Pizza from $475.00 to $400.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $440.04. Read more …

 

 

Novartis (NYSE:NVS) was downgraded by equities research analysts at Wolfe Research from an "outperform" rating to a "market perform" rating in a research report issued on Monday, MarketBeat reports.

Several other research firms have also recently weighed in on NVS. Barclays upped their target price on Novartis from CHF 80 to CHF 85 in a research note on Thursday, April 14th. StockNews.com assumed coverage on Novartis in a research report on Thursday, March 31st. They set a "strong-buy" rating for the company. UBS Group lifted their target price on Novartis from CHF 85 to CHF 88 and gave the company a "neutral" rating in a research report on Wednesday, April 27th. Societe Generale dropped their target price on shares of Novartis from CHF 107 to CHF 105 in a report on Thursday, February 3rd. Finally, Morgan Stanley lifted their price target on shares of Novartis from CHF 90 to CHF 94 in a report on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $90.50. Read more …

 

Edison International (NYSE:EIX) was downgraded by investment analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Briefing.com reports. They currently have a $72.00 price objective on the utilities provider’s stock, down from their previous price objective of $82.00. Mizuho’s price target suggests a potential upside of 2.77% from the company’s current price.

EIX has been the topic of several other research reports. Morgan Stanley dropped their price target on Edison International from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 26th. Wells Fargo & Company boosted their price target on Edison International from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, March 30th. Citigroup boosted their price target on Edison International from $67.00 to $79.00 in a research report on Wednesday, May 4th. StockNews.com initiated coverage on Edison International in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada boosted their price target on Edison International from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, April 14th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus price target of $71.75. Read more …

 

Essex Property Trust (NYSE:ESS) was downgraded by research analysts at Barclays from an "equal weight" rating to an "underweight" rating in a research report issued on Tuesday, Briefing.com reports. They presently have a $310.00 target price on the real estate investment trust's stock, down from their prior target price of $367.00. Barclays's price target would indicate a potential upside of 4.74% from the stock's previous close.

A number of other brokerages also recently weighed in on ESS. Truist Financial lowered their target price on Essex Property Trust from $378.00 to $370.00 and set a "buy" rating for the company in a report on Monday, March 21st. Mizuho lowered their target price on Essex Property Trust from $382.00 to $342.00 and set a "buy" rating for the company in a report on Wednesday, February 16th. KeyCorp lifted their target price on Essex Property Trust from $363.00 to $371.00 and gave the stock an "overweight" rating in a report on Thursday, January 13th. Morgan Stanley boosted their price objective on Essex Property Trust from $335.00 to $365.00 and gave the company an "equal weight" rating in a report on Friday, April 8th. Finally, StockNews.com initiated coverage on Essex Property Trust in a report on Thursday, March 31st. They set a "hold" rating for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Essex Property Trust presently has a consensus rating of "Hold" and a consensus price target of $358.13. Read more …

 

 

Home Depot (NYSE:HD) was downgraded by analysts at OTR Global to a “positive” rating in a report issued on Tuesday, The Fly reports.

HD has been the topic of several other reports. UBS Group dropped their price objective on Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Telsey Advisory Group dropped their price objective on Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. Citigroup dropped their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Robert W. Baird dropped their price objective on Home Depot from $425.00 to $380.00 in a research note on Tuesday, February 22nd. Finally, Guggenheim dropped their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Buy” and an average target price of $387.43. Read more …

 

Lowe’s Companies (NYSE:LOW) was downgraded by stock analysts at OTR Global to a “positive” rating in a report released on Tuesday, The Fly reports.

Other equities research analysts have also issued reports about the company. Telsey Advisory Group lifted their target price on Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 24th. Loop Capital cut their price target on Lowe’s Companies from $240.00 to $190.00 in a report on Tuesday, April 12th. Morgan Stanley lifted their price target on Lowe’s Companies from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 18th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Finally, Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to an “accumulate” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $260.80. Read more …

 

Altria Group (NYSE:MO) was downgraded by Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a report issued on Tuesday, Briefing.com reports. They currently have a $53.00 target price on the stock, down from their prior target price of $58.00. Sanford C. Bernstein's price objective points to a potential downside of 4.09% from the stock's previous close.

Other analysts also recently issued reports about the company. Morgan Stanley increased their price target on Altria Group from $47.00 to $51.00 and gave the company an "equal weight" rating in a report on Wednesday, January 26th. The Goldman Sachs Group upgraded Altria Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $48.00 to $57.00 in a report on Tuesday, March 22nd. StockNews.com started coverage on Altria Group in a report on Thursday, March 31st. They issued a "buy" rating for the company. Cowen increased their price target on Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Finally, Royal Bank of Canada downgraded Altria Group from an "outperform" rating to a "sector perform" rating and set a $53.00 price target for the company. in a report on Monday, March 28th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $53.75. Read more …

 

 

TELUS (TSE:T) (NYSE:TU) was downgraded by Barclays to a “hold” rating in a research report issued to clients and investors on Tuesday, TipRanks reports. They currently have a C$26.00 target price on the stock. Barclays‘s price objective indicates a potential downside of 16.72% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. TD Securities downgraded shares of TELUS from a “buy” rating to a “hold” rating and set a C$34.00 price objective for the company. in a research report on Monday, March 7th. Canaccord Genuity Group increased their price objective on shares of TELUS from C$33.00 to C$34.00 in a research report on Friday, February 11th. BMO Capital Markets increased their price objective on shares of TELUS from C$32.00 to C$34.00 in a research report on Friday, February 11th. JPMorgan Chase & Co. raised shares of TELUS from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$30.00 to C$36.00 in a research report on Monday, February 14th. Finally, CIBC downgraded shares of TELUS from an “outperform” rating to a “hold” rating and raised their target price for the company from C$33.50 to C$34.00 in a research report on Friday, April 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TELUS currently has an average rating of “Buy” and a consensus price target of C$33.42. Read more …

 

Air Products and Chemicals (NYSE:APD) was downgraded by equities research analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other equities research analysts have also recently weighed in on the stock. StockNews.com began coverage on shares of Air Products and Chemicals in a research note on Thursday, March 31st. They set a "hold" rating on the stock. Barclays cut their price objective on shares of Air Products and Chemicals from $300.00 to $275.00 in a research note on Monday. Bank of America cut shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating and cut their price objective for the company from $337.00 to $285.00 in a research note on Monday, February 7th. Cowen cut their price objective on shares of Air Products and Chemicals from $365.00 to $345.00 in a research note on Monday, February 7th. Finally, JPMorgan Chase & Co. upgraded shares of Air Products and Chemicals from a "neutral" rating to an "overweight" rating and set a $275.00 price target on the stock in a research report on Monday, March 21st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $308.20. Read more …

 

Corning (NYSE:GLW) was downgraded by equities research analysts at Barclays from an "overweight" rating to an "equal weight" rating in a report released on Wednesday, Briefing.com reports. They presently have a $38.00 price objective on the electronics maker's stock, down from their prior price objective of $53.00. Barclays's price target suggests a potential upside of 5.56% from the company's previous close.

Several other equities analysts have also commented on GLW. The Goldman Sachs Group restated a "buy" rating and issued a $50.00 price objective on shares of Corning in a report on Friday, March 11th. Susquehanna Bancshares upgraded shares of Corning from a "neutral" rating to a "positive" rating and increased their target price for the stock from $38.00 to $50.00 in a report on Friday, January 28th. Bank of America reduced their target price on shares of Corning from $48.00 to $45.00 in a report on Tuesday, January 25th. Zacks Investment Research upgraded shares of Corning from a "sell" rating to a "hold" rating and set a $45.00 target price on the stock in a report on Monday, January 31st. Finally, Susquehanna upgraded shares of Corning from a "neutral" rating to a "positive" rating and increased their target price for the stock from $38.00 to $50.00 in a report on Friday, January 28th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Corning has a consensus rating of "Buy" and an average target price of $46.00. Read more …

 

 

American Express (NYSE:AXP) was downgraded by stock analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued on Thursday, The Fly reports. They currently have a $146.00 price objective on the payment services company's stock. Wolfe Research's target price points to a potential downside of 8.40% from the company's previous close.

AXP has been the topic of several other reports. Citigroup increased their price target on shares of American Express from $187.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, April 26th. BMO Capital Markets increased their price objective on American Express from $152.00 to $155.00 and gave the company a "market perform" rating in a research report on Wednesday, January 26th. Wells Fargo & Company boosted their target price on American Express from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft raised their price target on American Express from $200.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, January 26th. Finally, StockNews.com assumed coverage on American Express in a report on Thursday, March 31st. They set a "hold" rating for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $192.26. Read more …

 

Manulife Financial (NYSE:MFC) (TSE:MFC) was downgraded by investment analysts at Canaccord Genuity Group from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday, Briefing.com reports.

A number of other research firms have also recently commented on MFC. TD Securities lowered their price target on Manulife Financial from C$37.00 to C$34.00 in a report on Thursday. Scotiabank lowered their price target on Manulife Financial from C$30.00 to C$28.00 in a report on Monday, May 2nd. BMO Capital Markets cut Manulife Financial from an "outperform" rating to a "market perform" rating in a report on Thursday. National Bank Financial reduced their price objective on Manulife Financial from C$28.00 to C$26.00 in a research note on Thursday. Finally, Canaccord Genuity Group downgraded Manulife Financial from a "buy" rating to a "hold" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Manulife Financial currently has a consensus rating of "Hold" and a consensus price target of $29.90. Read more …

 

United Parcel Service (NYSE:UPS) was downgraded by stock analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued on Friday, The Fly reports. They currently have a $202.00 price objective on the transportation company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 13.07% from the stock's current price.

Several other equities research analysts have also weighed in on the company. Susquehanna dropped their price target on United Parcel Service from $218.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 27th. Wolfe Research restated a "peer perform" rating on shares of United Parcel Service in a research report on Tuesday, April 5th. BNP Paribas upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $191.00 price objective for the company in a research note on Thursday, January 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $221.00 to $216.00 and set a "hold" rating for the company in a research note on Wednesday, February 2nd. Finally, Loop Capital upgraded United Parcel Service from a "hold" rating to a "buy" rating and decreased their price target for the stock from $232.00 to $189.00 in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average target price of $225.04. Read more …

 

Dividend Increases Week 7 (Part 1)

 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)

 

Recently, 39 companies announced dividend increases and one decrease. This is the first part of the week’s notifications.

 

The table below summarises the dividend change announcements.  The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.

 

 

 

 

 

Jack Henry & Associates, Inc. (JKHY)

Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.

On February 14, JKHY declared a quarterly dividend of $0.49 per share.

This is a 6.5% increase from prior dividend of $0.46. 

Payable March 25 for shareholders of record March 8, ex-div March 7.

 

FirstService Corporation (FSV)

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.

On February 14, FSV declared a quarterly dividend of $0.2025 per share.

This is an 11.0% increase from prior dividend of $0.1825. 

Payable April 7 for shareholders of record March 31, ex-div march 30.

 

Genuine Parts Company (GPC)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. The company distributes automotive replacement parts for imported vehicles, hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. The company was incorporated in 1928 and is headquartered in Atlanta, Georgia.

On February 14, GPC declared a quarterly dividend of $0.895 per share.

This is a 9.8% increase from prior dividend of $0.815. 

Payable April 1 for shareholders of record March 4, ex-div March 3.

 

Whirlpool Corporation (WHR)

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan.

On February 14, WHR declared a quarterly dividend of $1.75 per share.

This is a 25.0% increase from prior dividend of $1.40. 

Payable March 15 for shareholders of record February 25, ex-div February 24.

 

Restaurant Brands International Inc. (QSR)

Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. The company operates through three segments: TH, BK, and PLK. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.

On February 15, QSR declared a quarterly dividend of $0.54 per share.

This is a 1.9% increase from prior dividend of $0.53. 

Payable April 6 for shareholders of record March 23, ex-div March 22.

 

 

TC Energy Corporation (TRP)

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Storage. The company builds and operates 93,300 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.

On February 15, TRP declared a quarterly dividend of C$0.90 per share.

This is a 3.4% increase from prior dividend of C$0.87. 

Payable April 29 for shareholders of record March 31, ex-div March 30.

 

Magna International Inc. (MGA)

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. The company operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

On February 15, MGA declared a quarterly dividend of $0.45 per share.

This is a 4.7% increase from prior dividend of $0.43. 

Payable March 11 for shareholders of record February 25, ex-div February 24.

 

Public Service Enterprise Group Incorporated (PEG)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.

On February 15, PEG declared a quarterly dividend of $0.54 per share.

This is a 5.9% increase from prior dividend of $0.51. 

Payable March 31 for shareholders of record March 10, ex-div March 9.

 

Kinsale Capital Group, Inc. (KNSL)

Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. Its commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance. The company markets and sells its insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands primarily through a network of independent insurance brokers. Kinsale Capital Group, Inc. was founded in 2009 and is headquartered in Richmond, Virginia.

On February 15, KNSL declared a quarterly dividend of $0.13 per share.

This is an 18.2% increase from prior dividend of $0.11. 

Payable March 14 for shareholders of record March 2, ex-div March 1.

 

Global Industrial Company (GIC)

Global Industrial Company, through its subsidiaries, operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies. The company was formerly known as Systemax Inc. Global Industrial Company was founded in 1949 and is headquartered in Port Washington, New York.

On February 15, GIC declared a quarterly dividend of $0.18 per share.

This is a 12.5% increase from prior dividend of $0.16. 

Payable April 15 for shareholders of record March 31, ex-div March 30.

 

 

First Financial Northwest, Inc. (FFNW)

First Financial Northwest, Inc. operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington. The company offers a range of deposit products, including noninterest bearing accounts, interest-bearing demand accounts, money market deposit accounts, statement savings accounts, and certificates of deposit. First Financial Northwest, Inc. was founded in 1923 and is headquartered in Renton, Washington.

On February 15, FFNW declared a quarterly dividend of $0.12 per share.

This is a 9.1% increase from prior dividend of $0.11. 

Payable March 25 for shareholders of record March 11, ex-div March 10.

 

Sonic Automotive, Inc. (SAH)

Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products. Sonic Automotive, Inc. was founded in 1997 and is based in Charlotte, North Carolina.

On February 16, SAH declared a quarterly dividend of $0.25 per share.

This is a 108.3% increase from prior dividend of $0.12. 

Payable April 14 for shareholders of record March 15, ex-div March 14.

 

Nu Skin Enterprises, Inc. (NUS)

Nu Skin Enterprises, Inc. develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products. Nu Skin Enterprises, Inc. was founded in 1984 and is headquartered in Provo, Utah.

On February 16, NUS declared a quarterly dividend of $0.385 per share.

This is a 1.3% increase from prior dividend of $0.38. 

Payable March 9 for shareholders of record February 28, ex-div February 25.

 

Extra Space Storage Inc. (EXR)

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.

On February 16, EXR declared a quarterly dividend of $1.50 per share.

This is a 20.0% increase from prior dividend of $1.25. 

Payable March 31 for shareholders of record March 15, ex-div March 14.

 

Evans Bancorp, Inc. (EVBN)

Evans Bancorp, Inc. primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Williamsville, New York.

On February 16, EVBN declared a semi-annual dividend of $0.62 per share.

This is a 3.3% increase from prior dividend of $0.60. 

Payable April 5 for shareholders of record March 11, ex-div March 10.

 

 

The Sherwin-Williams Company (SHW)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

On February 16, SHW declared a quarterly dividend of $0.60 per share.

This is a 9.1% increase from prior dividend of $0.55. 

Payable March 11 for shareholders of record February 28, ex-div February 25.

 

Perrigo Company plc (PRGO)

Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through Consumer Self-Care Americas, Consumer Self-Care International, and Prescription Pharmaceuticals segments. Perrigo Company plc was founded in 1887 and is headquartered in Dublin, Ireland.

On February 16, PRGO declared a quarterly dividend of $0.26 per share.

This is an 8.3% increase from prior dividend of $0.24. 

Payable March 17 for shareholders of record February 28, ex-div February 25.

 

CSX Corporation (CSX)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, automotive, minerals, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.

On February 16, CSX declared a quarterly dividend of $0.10 per share.

This is a 7.5% increase from prior dividend of $0.093. 

Payable March 15 for shareholders of record February 28, ex-div February 25.

 

Equinix, Inc. (EQIX)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

On February 16, EQIX declared a quarterly dividend of $3.10 per share.

This is an 8.0% increase from prior dividend of $2.87. 

Payable March 23 for shareholders of record March 7, ex-div March 4.

 

EnPro Industries, Inc. (NPO)

EnPro Industries, Inc. engages in the design, development, manufacture, marketing, and service of engineered industrial products worldwide. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The company was incorporated in 2002 and is headquartered in Charlotte, North Carolina.

On February 16, NPO declared a quarterly dividend of $0.28 per share.

This is a 3.7% increase from prior dividend of $0.27. 

Payable March 16 for shareholders of record March 2, ex-div March 1.

 

Genuine Parts: A Play on Rising Vehicle Prices

 

A look at one way to profit off of higher new and used car prices

 

Car prices have soared by double-digit rates due to production issues and a lack of used cars available.

Genuine Parts sells the parts needed for car owners to keep their vehicles running.

Shares are on the pricey side, but the company has a strong leadership position in its industry and one of the longest dividend growth streaks.

 

Anyone in the market for a new or used car is likely facing some sticker shock as the prices have increased drastically.

 

New car prices had increased 12.1% from the prior year in September, according to Kelley Blue Book, to an average of more than $45,000. The used car market isn’t much better as prices for this category are up nearly 40% since March 2020, according to the U.S. Bureau of Labor Statistics’ Consumer Price Index.

 

Production issues, some of which is due to the Covid-19 pandemic, have put a lid on the number of new cars in production. The pre-owned market has likely been impacted by people being loath to turn in their current vehicle when a new one might not be available.

 

It is quite possible that the age of a vehicle in the U.S. will rise from its current average of 12 years.

 

The increases in new and used vehicles combined with an already high average age of ownership could be a tailwind to those companies that supply the parts to keep cars running longer.

 

 

This is where a company like Genuine Parts Co. (GPC, Financial) can see a material benefit to its business.

 

Let’s look at Genuine Parts to determine why it could be a good play on rising automotive aftermarket sales.

 

Continue reading …

 

Week's Most Significant Insider Trades: Week of August 16, 2021

 

Disposals:

 

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 2,693 shares of the stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $91.49, for a total value of $246,382.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CHRW traded up $0.42 during trading hours on Monday, hitting $92.32. The stock had a trading volume of 726,757 shares, compared to its average volume of 1,077,072. The firm’s fifty day simple moving average is $93.49. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.67 and a 1 year high of $106.75. The stock has a market capitalization of $12.16 billion, a PE ratio of 19.24, a PEG ratio of 1.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.44 and a current ratio of 1.44. Read more …

 

Nucor Co. (NYSE:NUE) insider Michael D. Keller sold 3,431 shares of the company’s stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $127.40, for a total transaction of $437,109.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NYSE NUE traded down $1.81 during mid-day trading on Monday, reaching $124.36. 272,866 shares of the company were exchanged, compared to its average volume of 3,328,026. The stock has a market cap of $36.52 billion, a PE ratio of 12.17 and a beta of 1.38. The company has a quick ratio of 1.76, a current ratio of 3.11 and a debt-to-equity ratio of 0.42. Nucor Co. has a 52 week low of $44.05 and a 52 week high of $128.81. The stock has a 50 day moving average of $100.56. Read more …

 

American States Water (NYSE:AWR) Director Janice F. Wilkins sold 2,225 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $89.87, for a total transaction of $199,960.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of AWR stock traded down $1.30 on Tuesday, hitting $89.21. The stock had a trading volume of 1,187 shares, compared to its average volume of 186,088. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 36.20 and a beta of 0.05. The business has a 50 day simple moving average of $84.38. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.15. American States Water has a 52-week low of $69.25 and a 52-week high of $92.07. Read more …

 

 

NextEra Energy, Inc. (NYSE:NEE) EVP Ronald R. Reagan sold 4,166 shares of the stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $84.00, for a total transaction of $349,944.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE NEE traded down $0.60 during trading on Tuesday, hitting $83.35. The stock had a trading volume of 187,982 shares, compared to its average volume of 8,099,896. NextEra Energy, Inc. has a 12 month low of $66.79 and a 12 month high of $87.69. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $163.49 billion, a P/E ratio of 52.63, a PEG ratio of 4.14 and a beta of 0.19. The company’s fifty day moving average price is $76.39. Read more …