Notable Upgrades: Google (GOOG), SolarCity (SCTY), Canadian Solar (CSIQ), Monster Beverage (MNST)

Google Inc. (GOOG) was reiterated a ‘Buy’ by Citigroup (C) analysts on Thursday. The banking giant also raised its price target on the stock to $781 from $730.

Google is currently printing a lower than average trading volume with the issue trading 942K shares, compared to the average volume of 2.48 million. The stock began trading this morning at $616.64 to currently trade 0.82% lower from the prior days close of $622.36. On an intraday basis it has gotten as low as $612.50 and as high as $622.68.

On valuation measures, Google Inc. Cl C shares are priced at 29.08x this year’s forecasted earnings, compared to the industry’s 7.57x earnings multiple. The company’s current year and next year EPS growth estimates stand at 14.90% and 16.90%, compared to the industry growth rates of 14.40% and 25.60%, respectively. GOOG has a t-12 price-to-sales ratio of 6.13. EPS for the same period registers at $21.22.

Google shares have advanced 5.55% in the last 4 weeks and 15.71% in the past three months. Over the past 5 trading sessions the stock has lost 2.14%. The Mountain View, Calif.-based company, which is currently valued at $423.13 billion, has a median Wall Street price target of $770.00 with a high target of $900.00.

GOOG is up 7.09% year-over-year, compared with a 2.98% loss in the S&P 500.

In a report published Thursday, Stifel analysts initiated coverage on SolarCity Corporation (SCTY) with a ‘Buy’ rating and $64 price target.

On valuation measures, SolarCity Corp. shares currently have a PEG ratio of 0.16. Price/sales is 14.16 whereas EPS is ($0.29). Currently there are 12 analysts that rate SCTY a ‘Buy’, 3 rate it a ‘Hold’. No analyst rates it a ‘Sell’. SCTY has a median Wall Street price target of $75.00 with a high target of $105.00.

Over the past year, shares of San Mateo, California-based company have traded between a low of $34.65 and a high of $63.79 and are now at $41.95.

Shares are down 27.52% year-over-year and 18.14% year-to-date.
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Investment analysts at Stifel initiated coverage on shares of Canadian Solar Inc. (CSIQ) in a note issued to investors on Thursday. The firm set a ‘Buy’ rating and a $25 price target on the stock. Stifel’s price target would suggest a potential upside of about 50% from the stock’s current price of $16.65.

Canadian Solar Inc., currently valued at $930.65 million, has a median Wall Street price target of $40.00 with a high target of $53.00. Approximately 1.53 million shares have changed hands intraday, compared to the stock’s average daily volume of 2.84 million.

In the past 52 weeks, shares of the designer of solar wafers, cells, and solar power products have traded between a low of $14.16 and a high of $40.08 with the 50-day MA and 200-day MA located at $20.42 and $29.30 levels, respectively. Additionally, shares of CSIQ trade at a P/E ratio of 3.79 and have a Relative Strength Index (RSI) and MACD indicator of 33.75 and -1.41, respectively.

Canadian Solar Inc. currently prints a year-to-date loss of around 29.06%.

Analysts at Goldman Sachs (GS) are out with a report this morning upgrading shares of Monster Beverage Corporation (MNST) with a ‘Buy’ from ‘Neutral’ rating. The investment bank raised its price target for the company to $165 from $160.

Monster Beverage Corp. shares are currently priced at 50.17x this year’s forecasted earnings, compared to the industry’s 23.03x earnings multiple. Ticker has a forward P/E of 34.45 and t-12 price-to-sales ratio of 10.78. EPS for the same period is $2.72.

In the past 52 weeks, shares of Corona, Calif.-based company have traded between a low of $88.93 and a high of $155.83 and are now at $136.41.

Shares are up  24.01% since the beginning of the year.

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