Research Analysts’ Updated EPS Estimates for August, 15th (BEP, BHF, NSU, NXGPF, OTHER, PEI, PETQ, RAS, REGN, TDW)
Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) had its sector perform rating reissued by analysts at Brookfield Renewable Partners LP. Brookfield Renewable Partners LP currently has a $44.50 target price on the stock.
Brighthouse Financial (NYSE:BHF) had its hold rating reiterated by analysts at Wells Fargo & Company. The firm currently has a $64.00 target price on the stock. The analysts wrote, “We are raising our 2017 EPS estimate to $9.31 from $8.56 to reflect the beat (driven by tax benefit in Corporate & Other) and a lower-than expected diluted share count. We are lowering our 2018E to $8.80 from $9.00 and our 2019E to $9.40 from and $9.65, to reflect our belief of weaker underlying earnings power. We are lowering our target price to $64 per share from $71 per share to reflect a lower multiple. We think the outperformance in the stock today (+3.14% versus SP 500 down 1.45%) is driven by a higher-than expected book value. BHF found an extra $1 billion of book value. The biggest surprise to us was that pro-forma shareholders’ equity was $12.2 billion instead of the $11.2 billion the company previously guided to. The company provided a pro-forma book value ex. AOCI of $101.61 per share at June 30, which reflects amounts that have been adjusted for subsequent separation transactions, including the lower- than-expected dividend to MetLife and a tax separation liability of $600 million. We note that although BHF took a $400 million statutory reserve charge, there was no corresponding GAAP charge and the lower dividend to MET accrued to BHF’s GAAP book value. Using this pro-forma number as a reference, we now project Q3E book value per share ex.””
Nevsun Resources (AMEX:NSU) had its mkt perform rating reaffirmed by analysts at Raymond James Financial, Inc..
NEXT (OTC:NXGPF) was downgraded by analysts at Berenberg Bank from a hold rating to a sell rating.
NASDAQ Other Finance (NASDAQ:OTHER) had its buy rating reaffirmed by analysts at Maxim Group. They currently have a $5.50 price target on the stock.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) had its sell rating reissued by analysts at Barclays PLC. The firm currently has a $11.00 price target on the stock, down from their previous price target of $12.00.
CIBC assumed coverage on shares of Petiq (NASDAQ:PETQ). They issued an outperform rating and a $28.00 price target on the stock.
RAIT Financial Trust (NYSE:RAS) was downgraded by analysts at FBR & Co from a buy rating to a neutral rating. They currently have $1.25 price target on the stock, down from their previous price target of $3.00.
Regeneron Pharmaceuticals (NASDAQ:REGN) had its hold rating reiterated by analysts at J P Morgan Chase & Co.
Tidewater (NYSE:TDW) was upgraded by analysts at Clarkson Capital from a neutral rating to a buy rating.
U S Concrete (NASDAQ:USCR) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $86.00 price target on the stock. According to Zacks, “U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company’s ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA. “
Vantiv (NYSE:VNTV) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $78.00 price target on the stock. According to Zacks, “Vantiv, Inc. is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The Company operates in two segments: Merchant Services and Financial Institution Services. Vantiv offers acquiring and processing transactions, value-added services, merchant services and reporting for electronic payment transactions. It also provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving, network gateway and switching services. Vantiv, Inc. is headquartered in Cincinnati, Ohio. “
Virtusa Corporation (NASDAQ:VRTU) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Virtusa Corporation is a global information technology services company providing IT consulting, technology implementation and application outsourcing services. Using its enhanced global delivery model, innovative platforming approach and industry expertise, Virtusa provides cost-effective services that enable its clients to use IT to enhance business performance, accelerate time-to-market, increase productivity and improve customer service. “
Vitamin Shoppe (NYSE:VSI) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Vitamin Shoppe is a specialty retailer and direct marketer of nutritional products. It primarily sells vitamins, minerals, nutritional supplements, herbs, sports nutrition formulas, homeopathic remedies, green living products and health and beauty aids. Based in North Bergen, New Jersey, the company is recognized as an innovator in providing product information, associate training, and customer education. Information is available to consumers through unprecedented outlets including television, radio, friends, family, health practitioners, and the internet. It offers consumers the opportunity to take charge of their own health and wellness requirements, and supplement where necessary. At each store location, consumers can find a comprehensive Learning Center which offers free access to vital information about key health concerns and products. The Vitamin Shoppe is a strong supporter of health and wellness campaigns including Life Supplemented sponsored by the Council for Responsible Nutrition. “
Vista Outdoor (NYSE:VSTO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $26.00 price target on the stock. According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “
Weibo Corporation (NASDAQ:WB) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $95.00 price target on the stock. According to Zacks, “Weibo Corporation operates as a social media platform for people to create, distribute and discover Chinese-language content. The Company operates in two segments: Advertising and Marketing Services, and Other Services. The company offers self-expression products; social products; discovery products; notifications; third-party online games. Weibo also develops mobile apps, such as Weibo Headlines; Weibo Weather and WeiDisk. It also provides advertising and marketing solutions, including social display ads and promoted marketing products. Weibo Corporation is headquartered in Beijing, China. “
William Demant Holdings (OTCMKTS:WILYY) was downgraded by analysts at Kepler Capital Markets from a buy rating to a hold rating.
Wabash National Corporation (NYSE:WNC) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
Xenia Hotels & Resorts (NYSE:XHR) was upgraded by analysts at Zacks Investment Research from a sell rating to a buy rating. They currently have $22.00 target price on the stock. According to Zacks, “Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT. The company invests primarily in premium full service, lifestyle, urban upscale hotels, lodging markets as well as leisure destinations primarily in the United States. Xenia Hotels & Resorts, Inc. is based in Orlando, Florida. “
XOMA Corporation (NASDAQ:XOMA) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “XOMA Corporation is a biopharmaceutical company engaged in the discovery, development, and manufacturing of therapeutic antibodies to treat autoimmune, infectious, inflammatory, and oncological diseases. The company’s flagship product is gevokizumab, a humanized antibody to interleukin-1ß with potential for the treatment of the inflammatory cause of multiple diseases. XOMA Corporation, formally known as XOMA Ltd., is headquartered in Berkeley, California. “