Analysts’ Updated EPS Estimates for November, 16th (BB, BEI.UN, CFP, CGX, DGII, ESEA, HIIQ, HLF, IPWR, NAK)
BlackBerry (NYSE:BB) had its hold rating reissued by analysts at Canaccord Genuity. The analysts wrote, “We believe this transaction accelerates BlackBerry’s strategy of leading secure endpoint enterprise-of-things (“EoT”) communications, benefits multiple areas of the business across UEM, QNX and Spark, and drives potential synergies given the complementary customer bases. With the IoT market’s heightened growth expectations of both security and AI, as well as investor anticipation for BlackBerry’s cash deployment, we believe the transaction will be well received by the market. However, given post-merger platform integration that needs completion before synergies are realized and the premium deal multiple, we maintain our HOLD rating and $11 price target and await more color on pro forma financial impact from management post closing the acquisition.””
Boardwalk REIT (TSE:BEI.UN) had its hold rating reissued by analysts at Scotiabank. Scotiabank currently has a C$50.00 target price on the stock.
Consolidated Graphics (NYSE:CGX) had its average rating reiterated by analysts at Scotiabank. They currently have a $37.00 price target on the stock.
Digi International (NASDAQ:DGII) had its buy rating reiterated by analysts at Canaccord Genuity. Canaccord Genuity currently has a $21.00 target price on the stock. The analysts wrote, “We note the F2019 guidance includes $2M in additional earnouts anticipated for the Accelerated Concepts acquisition or else guidance would have been basically inline with our estimates. Management had a strong year of execution in F2018, and we believe Digi is positioned for improving organic growth and expanding margins in F2019 and F2020. Key milestones achieved during Q4 include achieving a sub-1000 SKU count (down from over 5,000 a couple years ago), SmartSense sites increasing to 54K, and a largely complete manufacturing transition. We maintain our belief Digi will post strong double-digit growth for its IoT solutions business over the next several years and achieve its 3-5 year target of $50M to $100M annual recurring revenue.””
Euroseas (NASDAQ:ESEA) had its buy rating reiterated by analysts at Maxim Group. The firm currently has a $3.00 price target on the stock. The analysts wrote, “Euroseas (ESEA) reported 3Q18 results yesterday, after the close with vessels repairs and off-hire days leading to a miss on the bottom line.””
Health Insurance Innovations (NASDAQ:HIIQ) had its buy rating reiterated by analysts at Cantor Fitzgerald. Cantor Fitzgerald currently has a $65.00 target price on the stock. The analysts wrote, “We reiterate our OW rating on Health Insurance Innovations, Inc. (HIIQ), which is a web-based developer and distributor of short-term medical plans targeted at the individual and family plan (IFP) market. The company also develops and distributes supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies. We expect demand for short-term medical and limited indemnity products to continue to grow given the recent regulatory changes.””
Herbalife Nutrition (NYSE:HLF) had its buy rating reissued by analysts at Tigress Financial.
Ideal Power (NASDAQ:IPWR) had its market perform rating reaffirmed by analysts at CIBC.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) was upgraded by analysts at Cantor Fitzgerald from a hold rating to a buy rating.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by analysts at CSFB from a neutral rating to an outperform rating. CSFB currently has C$54.00 price target on the stock, up from their previous price target of C$46.00.
Payment Data Systems (NASDAQ:PYDS) had its buy rating reissued by analysts at Maxim Group. The analysts wrote, “Revenues in 3Q18 rose 80% y/y, driven by the acquisition of Singular Payments in September 2017 and by 18% organic growth in 3Q18.””
Qualys (NASDAQ:QLYS) had its buy rating reissued by analysts at Wedbush. The firm currently has a $95.00 price target on the stock.
Sonos (NASDAQ:SONO) had its buy rating reissued by analysts at Raymond James.
Superior Industries International (NYSE:SUP) had its buy rating reaffirmed by analysts at Barrington Research.
Theravance Biopharma (NASDAQ:TBPH) had its strong-buy rating reissued by analysts at Zacks Investment Research. Zacks Investment Research currently has a $29.00 price target on the stock. According to Zacks, “Theravance Biopharma has a single marketed product in its portfolio called Vibativ. We are upbeat about Theravance’s efforts to expand Vibativ’s label, which if approved for additional indications, would be commercially significant. Moreover, its pipeline programs target highly competitive therapeutic areas. The company's collaboration agreements are a consistent source of funds. However, any agreement termination might be a huge setback for the company as in the past. Shares of the company have outperformed the industry in the past six months. Meanwhile, the company’s regulatory filing for Yupelri (revefenacin) for COPD was accepted by the FDA in January 2018 with a response expected by the year end.”
TRACON Pharmaceuticals (NASDAQ:TCON) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “TRACON Pharmaceuticals, Inc. is a biopharmaceutical company. The company’s product candidate includes TRC105, TRC205 and TRC102 which are in different clinical stage for cancer, age-related macular degeneration and fibrotic diseases. TRACON Pharmaceuticals, Inc. is headquartered in San Diego, California. “
BlackRock TCP Capital (NASDAQ:TCPC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $16.00 price target on the stock. According to Zacks, “BlackRock TCP Capital Corp. is an externally-managed non-diversified closed-end management investment company. It focused on middle-market lending. BlackRock TCP Capital Corp., formerly known as TCP Capital Corp., is headquartered in Santa Monica, CA. “
THL Credit (NASDAQ:TCRD) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “THL Credit Inc. is a newly-organized, externally-managed, non-diversified closed-end management investment company that has filed an election to be treated as a business development company. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. The Company invests primarily in private subordinated debt, or mezzanine debt, in middle market companies that require capital for growth and acquisitions. Such investments in many cases include an associated equity component such as warrants, preferred stock or other similar securities. The Company’s investment activities are managed by its investment adviser, THL Credit Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. “
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Toronto Dominion Bank is a Canadian chartered bank and offers a wide range of business and consumer services. These services include checking and savings accounts, credit cards, mortgage and student loans,trusts, wills, estate planning,investment management services and financial and advisory services. “
Teradata (NYSE:TDC) had its buy rating reissued by analysts at Zacks Investment Research. Zacks Investment Research currently has a $41.00 price target on the stock. According to Zacks, “Teradata’s third-quarter 2018 results reflected strong growth in the international markets. The company is winning new customers by replacing the likes of Oracle that demonstrates portfolio strength. Additionally, the company is benefiting from rise in subscription-based transactions, which is expected to be a long term growth driver. The company’s focus on penetrating the top 500 high-valued and high-margin customers is a key catalyst. However, the company expects an increase in expenses in the fourth-quarter. Also, sluggish spending environment in the domestic market and increasing competition continue to weigh on its financials. Shares underperformed the industry on a year-to-date basis.”
Tech Data (NASDAQ:TECD) had its hold rating reissued by analysts at Zacks Investment Research. Zacks Investment Research currently has a $82.00 target price on the stock. According to Zacks, “Tech Data has underperformed the industry in the past three months, thanks to dismal margin trends. We note that stiff competition along with unfavorable product mix marred gross margin performance in the second quarter of fiscal 2019. Further, the company’s adjusted operating margin picture has been dismal. These factors along with risk of changes in supplier polices as well as data security breach are threats to the company’s operations and profitability. On the bright side, Tech Data’s top-line performance has been impressive with year-on-year growth in the past six quarters. Revenues during the second quarter were driven by robust demand for Endpoint Solutions. Additionally, in the said quarter, Tech Data launched a Global Business Optimization Program to enhance savings and improve productivity. Further, investments to bolster end-to-end portfolio as well as data-centric capabilities bode well.”
TE Connectivity (NYSE:TEL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “TE Connectivity reported mixed fourth-quarter fiscal 2018 results wherein earnings topped the estimates whereas revenues lagged. The company is currently suffering from end market fluctuations due to which the company has provided weaker guidance for the current quarter. Also, sluggish auto production in Europe and China remains a concern for the company’s transportation solutions segment. Nevertheless, the company’s strong progress on its strategic priorities is expected to benefit its business in the long run. Further, its well-performing industrial and communications solutions portfolio is a major positive. However, intensifying competition in the electronic components market poses a severe pricing pressure and risk to its market share. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis.”
Telecom Argentina (NYSE:TEO) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “TELECOM ARGENTINA holds a license to provide basic telephone service and fixes telecommunications links in the northern region of the Argentine Republic. The Company contributes to the country´s economic and social development by means of incorporating the latest technological advances achieved to-date in the field of telecommunications world-wide. “
TerraForm Power (NASDAQ:TERP) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “TerraForm Power, Inc. is global renewable energy company. It operates clean power generation assets such as solar, wind, natural gas, geothermal and hydro-electricity. The Company owns and operates solar generation assets serving utility, commercial, and residential customers. TerraForm Power, Inc. is based in Beltsville, Maryland. “
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Taseko Mines is focused on acquiring ownership of and advancing exploration and related activities on known mineral deposits that have as their basic characteristic, large tonnage (based on extensive drill testing for continuity) mineralization which, under metals price assumptions that fall within historical averages, are potentially capable of supporting a mine for 10 years and longer. “
Tallgrass Energy (NYSE:TGE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $25.00 price target on the stock. According to Zacks, “Tallgrass Energy GP, LP is a limited partnership company. The company is engaged in the transportation, storage and processing of natural gas, the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry through its subsidiary. Tallgrass Energy GP, LP is based in LEAWOOD, United States. “
TEGNA (NYSE:TGNA) had its hold rating reiterated by analysts at Zacks Investment Research. According to Zacks, “TEGNA benefits from higher paid-up subscribers, mainly OTT subscribers, and increased revenues from political ads. Additionally, ahead of the U.S. mid-term elections higher political advertising sales may lead to higher advertising revenues, which is a positive. Moreover, acquisition of the broadcasting stations of Midwest Television expands TEGNA’s U.S. television household reach by more than one million. Meanwhile, estimates have been stable lately ahead of the company's Q3 earnings release. The company also has positive record of earnings surprise in the recent quarters. However, the company operates in a competitive broadcast TV industry, which has long been grappling with declining advertising revenues. Cord-cutting also remains a significant threat. Moreover, shares have also underperformed the industry on a year-to-date basis.”
TG Therapeutics (NASDAQ:TGTX) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $5.75 target price on the stock. According to Zacks, “TG Therapeutics, Inc. is a biopharmaceutical company focused on the acquisition, development and commercialization of pharmaceutical products for the treatment of cancer and other underserved therapeutic needs. The Company is focused on the development of a monoclonal antibody for the treatment of various B-cell proliferative disorders including lymphoma, leukemia, and auto-immune diseases. TG Therapeutics, Inc., formerly known as Manhattan Pharmaceuticals, Inc., is based in New York. “
Traverse Energy (CVE:TVL) was downgraded by analysts at GMP Securities from a hold rating to a reduce rating. GMP Securities currently has C$0.05 price target on the stock, down from their previous price target of C$0.10.
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