Notable Upgrades: Tesla Motors (TSLA), InvenSense (INVN), PetroQuest Energy (PQ), BHP Billiton (BHP), Wal-Mart (WMT)

Analysts at Robert W. Baird on Monday raised their price target on Tesla Motors Inc. (TSLA) to $335 from $275, and reiterated their ‘Buy’ rating on the name. “We think upcoming events will help improve sentiment and drive shares higher,” the firm said.

Tesla Motors Inc. shares have a forward P/E of 71.93 and t-12 price-to-sales ratio of 8.95. EPS for the same period is ($3.18).

In the past 52 weeks, shares of Palo Alto, California-based electric car maker have traded between a low of $181.40 and a high of $291.42 and are now at $255.00. Shares are up 20.42% year-over-year and 12.02% year-to-date.

Analysts at Northland Capital upgraded their rating on the shares of InvenSense, Inc. (INVN). In a research note published on Monday, the firm lifted the name with an ‘Outperform‘ from ‘Market Perform‘ rating and set a 12-month base case estimate of $18 from $17.50 per share.

On valuation measures, InvenSense Inc. shares have a PEG and forward P/E ratio of 1.08 and 18.07, respectively. Price/sales for the same period is 3.59 while EPS is ($0.01). Currently there are 6 analysts that rate INVN a ‘Buy‘, 8 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘. INVN has a median Wall Street price target of $17.50 with a high target of $20.00.

PetroQuest Energy Inc. (PQ) was raised to ‘Outperform‘ from ‘Sector Perform‘ at Iberia on Monday.

PQ is up $0.41 at $2.29 on heavy volume. Midway through trading Monday, 2.75 million shares of PetroQuest Energy Inc. have exchanged hands as compared to its average daily volume of 635K shares. The stock has ranged in a price between $2.26-$2.57 after having opened the day at $2.29 as compared to the previous trading day’s close of $1.88.

In the past 52 weeks, shares of Lafayette, Louisiana-based company have traded between a low of $1.70 and a high of $7.82. Shares are down 68.82% year-over-year and 49.73% year-to-date.

BHP Billiton Limited (BHP) was upgraded to ‘Buy‘ from ‘Hold‘ by Societe Generale analysts on Monday.

BHP is currently printing a normal average trading volume with the issue trading 960K shares, compared to the average volume of 2.21 million. The stock began trading this morning at $42.84 to currently trade 0.93% lower from the prior days close of $42.91. On an intraday basis it has gotten as low as $42.35 and as high as $42.96.

BHP Billiton Ltd. ADS shares are priced at 11.35x this year’s forecasted earnings, compared to the industry’s 2.00x earnings multiple. The company’s current year and next year EPS growth estimates stand at (58.9%) and (45.4%), compared to the industry growth rates of 14.90% and 97.80%, respectively. BHP has a t-12 price-to-sales ratio of 1.81. EPS for the same period registers at $3.74.

BHP shares have declined 16.53% in the last 4 weeks and 10.72% in the past three months. Over the past 5 trading sessions the stock has lost 3.85%. The Melbourne, Australia-based company, which is currently valued at $112.96 billion, has a median Wall Street price target of $51.89 with a high target of $59.65. BHP is down 33.69% year-over-year, compared with a 7.25% gain in the S&P 500.

Wal-Mart Stores Inc. (WMT) had its rating hiked to ‘Strong Buy‘ from ‘Outperform‘ by Raymond James today.

WMT shares recently lost $0.14 to $72.92. The stock is down 3.17% year-over-year and has lost roughly 14% year-to-date. In the past 52 weeks, shares of Bentonville, Arkansas-based company have traded between a low of $72.61 and a high of $90.97.

Wal-Mart Stores Inc. closed Friday at $73.06. The name has a current market cap of $235.20 billion.

Be the first to comment

Leave a Reply

Your email address will not be published.


*