Notable Upgrades: Tesla Motors (TSLA), Netflix (NFLX), Integrated Device (IDTI), Cisco (CSCO), Chuy’s Holdings (CHUY)

In a report published Tuesday, Jefferies analysts initiated coverage on Tesla Motors, Inc. (TSLA) with a ‘Buy‘ rating and $350 price target.

On valuation measures, Tesla Motors Inc. shares currently have a PEG and forward P/E ratio of 4.12 and 63.70, respectively. Price/sales for the same period is 9.06 while EPS is ($2.36). Currently there are 11 analysts that rate TSLA a ‘Buy’, 6 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. TSLA has a median Wall Street price target of $275.00 with a high target of $400.00.

In the past 52 weeks, shares of Palo Alto, California-based electric car maker have traded between a low of $177.22 and a high of $291.42 and are now at $229.80. Shares are up 9.29% year-over-year and 3.64% year-to-date.

Analysts at Bank of America (BAC) are out with a report this morning upgrading shares of Netflix, Inc. (NFLX) with a ‘Buy‘ from ‘Underperform‘ rating.

Netflix Inc. shares are currently priced at 148.15x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 19.34x earnings multiple. Ticker has a forward P/E of 161.45 and t-12 price-to-sales ratio of 5.79. EPS for the same period is $3.84.

In the past 52 weeks, shares of Los Gatos, Calif.-based Internet streaming media provider have traded between a low of $314.36 and a high of $577.10 and are now at $568.45. Shares are up 62.89% year-over-year and 62.44% year-to-date.

Integrated Device Technology, Inc. (IDTI) was reiterated a ‘Underweight’ by Barclays analysts on Tuesday. The broker also raised its price target on the stock to $15 from $14.

IDTI shares recently gained $1.13 to $19.50. Over the past year, shares of San Jose, California-based company have traded between a low of $11.78 and a high of $21.73. Shares are up 51.82% year-over-year ; down 6.28% year-to-date.

Cisco Systems, Inc. (CSCO) was reiterated as ‘Outperform’ with a $32 from $30 price target on Tuesday by Oppenheimer.

Cisco Systems, currently valued at $147.55 billion, has a median Wall Street price target of $31.00 with a high target of $35.00. Approximately 14 million shares have already changed hands, compared to the stock’s average daily volume of 27.61 million.

In the past 52 weeks, shares of the manufacturer of IP based networking products have traded between a low of $22.43 and a high of $30.31 with the 50-day MA and 200-day MA located at $28.14 and $27.43 levels, respectively. Additionally, shares of CSCO trade at a P/E ratio of 1.44 and have a Relative Strength Index (RSI) and MACD indicator of 55.89 and +0.28, respectively.

CSCO currently prints a one year return of about 31% and a year-to-date return of 6.38%.

Chuy’s Holdings, Inc. (CHUY) had its rating hiked to ‘Outperform‘ from ‘Market Perform‘ by Raymond James today.

CHUY shares recently gained $3.70 to $25.85. The stock is down 38.13% year-over-year and has gained roughly 13% year-to-date. In the past 52 weeks, shares of Austin, Texas-based company have traded between a low of $18.40 and a high of $36.71.

Chuy’s Holdings Inc. closed Monday at $22.15. The name has a total market cap of $425.67 million.

Be the first to comment

Leave a Reply

Your email address will not be published.


*