Equities Research Analysts’ Updated EPS Estimates for March, 20th (ALA, CFX, CTAS, CTMX, DDC, DOO, EL, ENEL, ES, FRII)

Equities Research Analysts’ updated eps estimates for Monday, March 20th:

Altagas (TSE:ALA) had its sector perform rating reissued by analysts at Royal Bank of Canada. They currently have a C$35.00 target price on the stock.

Colfax Corp (NYSE:CFX) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Over the last three months, Colfax's shares outperformed the Zacks categorized Machinery General Industrial industry. Also, we believe that it holds solid long-term potential, backed by a diversified product portfolio and exposure to emerging markets. Further, the company has initiated certain cost-saving strategies that will enable it to mitigate the ill effects of weak end-markets. Recently, it agreed to acquire Siemens AG's Siemens Turbomachinery Equipment GmbH business, which upon completion will boost its Howden trading platform. For 2017, the company reaffirmed its earnings forecast at $1.55-$1.70 per share range, representing 7% growth over 2016. However, we believe that the company's exposure to headwinds from uncertain global economic conditions, unfavorable forex movements and stiff competition might impact its financials in the near term.”

Cintas (NASDAQ:CTAS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $140.00 target price on the stock. According to Zacks, “Cintas’ shares have outperformed the industry in the last three months. Cintas has received the regulatory approval for the acquisition of rival G&K Services. The transaction is likely to fuel its growth momentum with an extended product portfolio and additional processing capacity. Cintas aims to continually achieve revenue build-up by increasing penetration levels at existing customers and broadening the customer base. The company has also increased its guidance for fiscal 2017 on favorable growth dynamics. In addition, healthy organic growth over the past few quarters has lent stability to the revenues and has enabled the company to comfortably beat the earnings estimates for a positive earnings surprise of 4.6% over the trailing four quarters. However, volatility in raw material prices and challenging macroeconomic environment, particularly after the Brexit referendum, remain potential headwinds.”

CytomX Therapeutics (NASDAQ:CTMX) had its price target raised by Instinet to $32.00. Instinet currently has a sell rating on the stock.

Dominion Diamond Corp (TSE:DDC) (NYSE:DDC) had its sector perform rating reissued by analysts at Royal Bank of Canada.

BRP (TSE:DOO) had its outperform rating reiterated by analysts at Royal Bank of Canada. Royal Bank of Canada currently has a C$33.00 target price on the stock.

Estee Lauder Companies (NYSE:EL) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Estimates have been revised downward over the past 30 days after management lowered fiscal 2017 earnings outlook in its second quarter conference call. Estee Lauder expects continued volatility and economic challenges to slow the pace of market growth in Hong Kong and several emerging markets. The shares of the company have underperformed the Zacks categorized Consumer staples sector in the past one year. Further, lackluster retail growth in Hong Kong and China, lower tourist rates in New York and Florida, declining footfall at the company’s mid-tier department stores and high promotional environment in the cosmetic sector have been hurting the stock lately. Additionally the company has also been facing lower sales in America. Fewer numbers of tourists visiting the country is further leading to slow growth in the travel retail sector.”

Enel S.p.A. (BIT:ENEL) was given a €4.20 ($4.51) price target by analysts at Deutsche Bank AG. The firm currently has a neutral rating on the stock.

Eversource Energy (NYSE:ES) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Eversource Energy’s systematic investments in infrastructure development projects, renewable energy generation, primarily in transmission and distribution systems, will help it to provide reliable services to its customers. If the company continues to reduce operating costs at the same levels of 2016, margins are bound to get a boost in the upcoming quarters. Shares of the company has returned higher than the broader industry's return in the last 12 months. However, the company’s dependence on its subsidiaries, stringent environmental regulations, and risks related to modification in state and local legislative requirements may adversely impact the company’s results.”

Freshii (TSE:FRII) had its outperform rating reissued by analysts at Royal Bank of Canada. They currently have a C$17.00 target price on the stock.

GoPro (NASDAQ:GPRO) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $9.50 target price on the stock. According to Zacks, “GoPro has taken company-wide restructuring efforts, which include a combination of programs, to slash costs and boost profitability. Backed by these efforts, the company recently affirmed its first-quarter 2017 revenues at the upper end of the $190–$210 million range. Also, the company reiterated its target of full-year non-GAAP profitability and announced that it expects positive EBITDA for full-year 2017. Also, GoPro is exploring new revenue streams, including Virtual Reality and licensing content shot on its cameras to media companies. GoPro has also resumed Karma sales and plans to ramp production further. Despite these positives, over the past three months, GoPro shares have significantly underperformed the Zacks categorized Audio/Video Home Product industry’s average return. Multiple operational stumbles including product recalls, messed up launches, production delays and supply chain issues have added to the woes.”

HNZ Group (TSE:HNZ.A) had its sector perform rating reissued by analysts at Royal Bank of Canada. They currently have a C$13.00 target price on the stock.

Hormel Foods Corp (NYSE:HRL) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Hormel Foods’ shares look overvalued and have underperformed the Zacks Categorized Food-Meat Products industry for the past three months. The company perceives that low turkey prices, extensive business rivalry and rise in operational expenses would continue to weigh over its near-term profitability. However, Hormel Foods is poised to grow on the back of its diversified product portfolio. Higher demand for major brands and meaningful acquisitions are also anticipated to boost near-term results. Notably, the company is also rewarding its shareholders with consecutive dividend increment plans and share repurchase programs. Over the last seven days, the Zacks Consensus Estimate for the stock remained unchanged for both fiscal 2017 and 2018.”

Hansteen Holdings plc (LON:HSTN) was upgraded by analysts at Numis Securities Ltd to an add rating. Numis Securities Ltd currently has GBX 135 ($1.67) price target on the stock.

InterContinental Hotels Group PLC (LON:IHG) had its outperform rating reiterated by analysts at Credit Suisse Group AG. Credit Suisse Group AG currently has a GBX 4,330 ($53.48) price target on the stock.

Jazz Pharmaceuticals plc – (NASDAQ:JAZZ) had its positive rating reaffirmed by analysts at Cowen and Company. They currently have a $190.00 target price on the stock.

JRP Group PLC (LON:JRP) had its buy rating reiterated by analysts at Shore Capital.

Crius Energy Trust (TSE:KWH.UN) had its sector perform rating reissued by analysts at Royal Bank of Canada. The firm currently has a C$11.00 target price on the stock.

WM Morrison Supermarkets PLC (LON:MRW) had its neutral rating reissued by analysts at Credit Suisse Group AG. Credit Suisse Group AG currently has a GBX 200 ($2.47) target price on the stock.

Murphy Oil (NYSE:MUR) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Murphy Oil’s systematic capital investments and cost savings initiatives pave the way for the company’s long-term growth. Steady production from its balanced global portfolio is enabling the company to maintain its production level despite a substantial reduction in capital expenditure for the year. The company is also working to strengthen its balance sheet and has ample liquidity to meet its current debt obligation. The company needs to comply with stringent regulations and highly competitive industry is headwinds. Operational risks and foreign currency translation issues also pose risks to the company. Murphy Oil’s value has returned lower compared with the broader industry in the last twelve months.”

Novo Nordisk A/S (NYSE:NVO) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Novo Nordisk’s earnings and sales were below the Zacks Consensus Estimate in the fourth quarter of 2016.  The company faces generic threat for several of its products as well as patent expiration issues. We are also concerned about the company’s insulin product prices that are either subsidized or subject to price control.  Growth in 2017 is expected to negatively impacted due to the launch of a generic version of Vagifem in the U.S. Shares of Novo Nordisk have significantly underperformed the Large Cap Pharmaceuticals industry year to date.  However, strong performance of drugs like Victoza, Tresiba, Saxenda, Xultophy among others continue to bolster performance. The company also submitted a new drug application (NDA) to the Japanese Ministry of Health, Labour and Welfare for its key pipeline candidate semaglutide (once-weekly), for the treatment of adults with type II diabetes.”

Phoenix Group Holdings (LON:PHNX) had its hold rating reiterated by analysts at Numis Securities Ltd. They currently have a GBX 785 ($9.69) target price on the stock.

Royal Dutch Shell plc (NYSE:RDS.A) had its buy rating reaffirmed by analysts at Deutsche Bank AG.

Gibraltar Industries (NASDAQ:ROCK) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Gibraltar Industries’ shares look overvalued and also underperformed the Zacks categorized Building & Construction Products Miscellaneous industry, over the last three months. Dismal conditions in the commodity & energy related markets, a stronger U.S. dollar or extensive industry rivalry might continue to hurt the company’s financials in the quarters ahead. However, the company is poised to grow on the back of its 80/20 simplification process, strategic acquisitions and meaningful innovations. Over the last seven days, the Zacks Consensus Estimate for the stock remained unchanged for 2017.”

J Sainsbury plc (LON:SBRY) had its outperform rating reaffirmed by analysts at Credit Suisse Group AG. The firm currently has a GBX 305 ($3.77) price target on the stock.

Stella-Jones (TSE:SJ) had its sector perform rating reaffirmed by analysts at Royal Bank of Canada. Royal Bank of Canada currently has a C$42.00 price target on the stock.

Smiths Group plc (LON:SMIN) had its buy rating reaffirmed by analysts at Numis Securities Ltd. They currently have a GBX 1,810 ($22.35) target price on the stock.

China Petroleum & Chemical Corp (NYSE:SNP) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Sinopec’s price chart reveals that its shares have significantly outperformed the Zacks categorized Emerging Markets Integrated industry over the last six months. Moreover, the company is positioned well as it has raised proceeds through divestments, which is likely to ease cashflows. Through its refinery business, Sinopec has been able to withstand the crude price weakness to a large extent. The company’s massive refining exposure has helped it to benefit from the low crude price environment. The company’s current dividend yield of 2.4%, which is significantly higher than the 1.6% yield for the broader industry, deserves mention. However, oil prices remain weak in spite of the OPEC deal. This in turn has been affecting the company’s upstream business.”

Spirent Communications Plc (LON:SPT) was upgraded by analysts at Numis Securities Ltd to a buy rating. Numis Securities Ltd currently has GBX 145 ($1.79) target price on the stock, up from their previous target price of GBX 80 ($0.99).

SThree Plc (LON:STHR) had its hold rating reaffirmed by analysts at Numis Securities Ltd. The firm currently has a GBX 320 ($3.95) target price on the stock.

Sunoco Logistics Partners L.P. (NYSE:SXL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Despite Sunoco Logistics' better-than-expected Q4 earnings, we have turned bearish on the partnership. Crude's historic decline has undoubtedly impacted the demand for transportation and storage services. With operations likely to generate weak cash and management still raising distribution, SXL's future looks bleak. Worringly, the distribution coverage ratio was below 1 in the fourth quarter – the 3rd successive sub-1 coverage. This points to the fact that the partnership does not have enough cash to cover their distribution. We also believe that MLP valuations will be largely disconnected from business fundamentals as long as the hoopla over falling crude prices continue. In the wake of weak industry sentiment and apprehensions of more punishing times ahead with future cash flows drying up, we see little reason for investors to hold the stock.”

Total SA (NYSE:TOT) had its buy rating reiterated by analysts at Deutsche Bank AG.

Tesco PLC (LON:TSCO) had its underperform rating reiterated by analysts at Credit Suisse Group AG. They currently have a GBX 160 ($1.98) target price on the stock.

Valeant Pharmaceuticals Intl (TSE:VRX) (NYSE:VRX) had its sector perform rating reiterated by analysts at Royal Bank of Canada. They currently have a C$28.00 price target on the stock.

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