Tag Archives: upgrades
General Motors Company (GM) and Johnson Controls, Inc. (JCI) are two auto-related companies, with low forward P/E and high expected EPS growth (next five years), receiving analysts’ upgrades recently. Both stocks will be analyzed fundamentally and technically in this article. Investing strategies will also be presented.
General Motors Company
GM was up 0.18% and closed at $28.21 on March 15, 2013. GM had been trading in the range of $18.72-$30.68 in the past 52 weeks. GM has a market cap of $38.55B.
On March 15, 2013, Equities researchers at Deutsche Bank boosted their target price on shares of GM from $38.00 to $39.00 with a “buy” rating on the stock. Analysts currently have a mean target price of $34.88 and a median target price of $35.00 for GM. Analysts are estimating an EPS of $0.56 with revenue of $36.72B for the current quarter ending in March, 2013. For 2013, analysts are projecting an EPS of $3.39 with revenue of $157.33B, which is 3.30% higher than 2012.
According to RDI report, signs of an improving U.S. housing market combined with upbeat readings on U.S. consumer confidence have continued to fuel the auto industry’s rally in 2013. The Fed’s policy of keeping interest rates near-zero has benefited the auto industry as a majority of Americans rely on loans to purchase new vehicles. Marketing firm LMC Automotive projects new vehicle sales to grow to 15.3 million in 2013.
Alcatel-Lucent And Netflix: 2 Technology Stocks Received The Most Upgrades In Past 3 Months [Seeking Alpha]
Alcatel-Lucent (ALU) and Netflix, Inc. (NFLX) are two technology stocks that received the most upgrades in the past three months. In this article, analysts’ calls and projections will be provided for both stocks, which will also be analyzed fundamentally. Investing strategies will also be reviewed.
Alcatel-Lucent, a France-based company, is a provider of telecommunications technology and services, which also engages in mobile, fixed, Internet Protocol and optics technologies, applications and services. ALU was down 207% and closed at $1.42 on March 6, 2013. ALU had been trading in the range of $0.91-$2.48 in the past 52 weeks. ALU has a market cap of $3.22B with a high beta of 2.36.
ALU had received six upgrades from several analysts in the past three months. On March 1, 2013, Bernstein upgraded ALU from underperform to market perform with a price target of $1.46 (from $0.79). On February 8, 2013, Morgan Stanley upgraded ALU from underweight to overweight following Q4 results and CEO move. On January 23, 2013, Citi upgraded ALU from sell to neutral and raised its price target to EUR1.30 (USD $1.69). The firm cited a positive carrier spending environment and reduced bankruptcy risk.
In this article, 3 technology stocks receiving positive upgrades from the analysts will be presented, including Brocade Communications Systems, Inc. (BRCD), JDS Uniphase Corporation (JDSU), and Allscripts Healthcare Solutions, Inc. (MDRX).
Brocade Communications Systems, Inc.
Brocade Communications Systems, Inc. supplies networking equipment and provides end-to-end Internet Protocol-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes. BRCD dropped 2.5% and closed at $5.84 on February 20, 2013. BRCD had been trading in the range of $4.18-$6.44 in the past 52 weeks.
On February 14, 2013, BRCD reported Q1 loss of $21.26M, or 5 cents a share, compared with a profit of $58.58M, or 12 cents a share, for the year-earlier period. Revenue increased to $588.73M, from $560.64M. On an adjusted basis, BRCD reported a profit of 21 cents a share, beating analysts’ expectation of 16 cents a share on revenue of $575.55M. BRCD also issued Q2, 2013 guidance, which is in line with analysts’ estimates. For Q2, 2013, BRCD expects revenue to be in the range of $555-$575M and non-GAAP EPS to be in the range of $0.14-$0.16, where analysts are expecting revenues of $563M and EPS of $0.15. However, Brocade executives are concerned about Europe and sales to the deficit-challenged U.S. federal government.