Notable Analyst Upgrades and Downgrades for Week of June 6 2022

 

Upgrades:

 

American Express (NYSE:AXP) was upgraded by investment analysts at Edward Jones from a "hold" rating to a "buy" rating in a report issued on Monday, Briefing.com reports.

Several other equities analysts have also commented on the company. Oppenheimer reaffirmed an "outperform" rating and issued a $200.00 price target on shares of American Express in a research note on Wednesday, March 23rd. Robert W. Baird reaffirmed a "neutral" rating and issued a $175.00 price target on shares of American Express in a research note on Tuesday, April 26th. StockNews.com initiated coverage on American Express in a research note on Thursday, March 31st. They issued a "hold" rating on the stock. Citigroup upped their price target on American Express from $187.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, April 26th. Finally, Morgan Stanley boosted their price objective on American Express from $218.00 to $223.00 and gave the company an "overweight" rating in a report on Monday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, American Express presently has a consensus rating of "Hold" and a consensus target price of $192.26. Read more …

 

ResMed (NYSE:RMD) was upgraded by research analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a report issued on Monday, The Fly reports.

A number of other equities research analysts have also commented on RMD. Wolfe Research assumed coverage on ResMed in a research report on Tuesday, April 5th. They issued an "outperform" rating and a $280.00 target price on the stock. StockNews.com downgraded ResMed from a "buy" rating to a "hold" rating in a report on Monday, May 2nd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $267.11.

Shares of RMD opened at $208.31 on Monday. The company has a market cap of $30.47 billion, a PE ratio of 39.23, a P/E/G ratio of 2.31 and a beta of 0.45. The business has a fifty day moving average of $217.93 and a 200 day moving average of $237.23. ResMed has a 52-week low of $189.40 and a 52-week high of $301.34. The company has a quick ratio of 1.56, a current ratio of 2.55 and a debt-to-equity ratio of 0.20. Read more …

 

AmerisourceBergen (NYSE:ABC) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report released on Tuesday, Briefing.com reports. The brokerage presently has a $178.00 target price on the stock, up from their previous target price of $167.00. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 21.18% from the stock's current price.

Several other equities analysts have also weighed in on the company. Morgan Stanley reduced their price objective on AmerisourceBergen from $178.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 27th. Evercore ISI reduced their price objective on AmerisourceBergen to $165.00 in a research note on Friday. Barclays raised AmerisourceBergen from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $175.00 to $182.00 in a research note on Thursday, May 26th. Argus lifted their price objective on AmerisourceBergen from $140.00 to $160.00 in a research note on Monday, March 14th. Finally, Mizuho raised their target price on AmerisourceBergen from $139.00 to $162.00 in a report on Thursday, May 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $169.25. Read more …

 

 

McKesson (NYSE:MCK) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday, The Fly reports.

Several other brokerages have also recently weighed in on MCK. Robert W. Baird raised their price target on shares of McKesson from $352.00 to $380.00 in a research report on Friday, May 6th. Credit Suisse Group raised their price target on shares of McKesson from $333.00 to $377.00 in a research report on Wednesday, May 11th. Mizuho raised their price target on shares of McKesson from $280.00 to $331.00 in a research report on Monday, May 9th. StockNews.com initiated coverage on shares of McKesson in a research report on Thursday, March 31st. They issued a "strong-buy" rating on the stock. Finally, UBS Group raised their price target on shares of McKesson to $380.00 and gave the company a "hold" rating in a research report on Thursday, May 19th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, McKesson currently has an average rating of "Buy" and a consensus target price of $326.00. Read more …

Dividend Increases Week 6 (Part 2)

 

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, 21 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the second 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.

 

 

 

 

 

The Interpublic Group of Companies, Inc. (IPG)

The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data management services. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.

On February 10, IPG declared a quarterly dividend of $0.29 per share.

This is a 7.4% increase from prior dividend of $0.27. 

Payable March 15 for shareholders of record March 1, ex-div February 28.

 

Brookfield Asset Management Inc. (BAM)

Brookfield Asset Management is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Brookfield Asset Management Inc. was founded in 1997 and based in Toronto, Canada

On February 10, BAM declared a quarterly dividend of $0.14 per share.

This is a 7.7% increase from prior dividend of $0.13. 

Payable March 31 for shareholders of record February 28, ex-div February 25.

 

Moody's Corporation (MCO)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Investors Service and Moody’s Analytics. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.

On February 10, MCO declared a quarterly dividend of $0.70 per share.

This is a 12.9% increase from prior dividend of $0.62. 

Payable March 18 for shareholders of record February 25, ex-div February 24.

 

Watsco, Inc. (WSO)

Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners, including gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

On February 10, WSO declared an annual dividend of $8.80 per share.

This is an 8.0% increase from prior dividend of $7.80. 

The raised dividend will be effective at its next scheduled quarterly payment date on April 29, 2022.

 

Robert Half International Inc. (RHI)

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. Robert Half International Inc. was founded in 1948 and is headquartered in Menlo Park, California.

On February 10, RHI declared a quarterly dividend of $0.43 per share.

This is a 13.2% increase from prior dividend of $0.38. 

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

 

 

Community Healthcare Trust Incorporated (CHCT)

Community Healthcare Trust Incorporated is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. The Company had investments of approximately $667.3 million in 131 real estate properties as of September 30, 2020, located in 33 states, totaling approximately 2.8 million square feet.

On February 10, CHCT declared a quarterly dividend of $0.4375 per share.

This is a 0.6% increase from prior dividend of $0.435. 

Payable March 1 for shareholders of record February 22, ex-div February 18.

 

Genpact Limited (G)

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. It operates in three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services. Genpact Limited was founded in 1997 and is based in Hamilton, Bermuda.

On February 11, G declared a quarterly dividend of $0.125 per share.

This is a 16.3% increase from prior dividend of $0.1075. 

Payable March 23 for shareholders of record March 10, ex-div March 9.

 

Lake Shore Bancorp, Inc. (LSBK)

Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. operates as a subsidiary of Lake Shore, MHC.

On February 11, LSBK declared a quarterly dividend of $0.16 per share.

This is a 14.3% increase from prior dividend of $0.14. 

Payable March 17 for shareholders of record February 24 ex-div February 23.

 

Ameren Corporation (AEE)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. The company serves residential, commercial, and industrial customers. The company was founded in 1881 and is headquartered in St. Louis, Missouri.

On February 11, AEE declared a quarterly dividend of $0.59 per share.

This is a 7.3% increase from prior dividend of $0.55. 

Payable March 31 for shareholders of record March 9, ex-div March 8.

 

Vulcan Materials Company (VMC)

Vulcan Materials Company produces and supplies construction aggregate primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

On February 11, VMC declared a quarterly dividend of $0.40 per share.

This is an 8.1% increase from prior dividend of $0.37. 

Payable March 14 for shareholders of record March 1, ex-div February 28.