Notable Upgrades: Cisco (CSCO), PayPal (PYPL), FedEx (FDX), VASCO Data Security (VDSI), Incyte Corp (INCY)

Citigroup (C) began coverage on Cisco Systems, Inc. (CSCO) with a ‘Buy’ rating and $30 price target saying recent moves are growing profit margins faster than the Street generally expects.

On valuation measures, Cisco Systems shares are currently priced at 15.63x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s 31.27x earnings multiple. Ticker has a forward P/E of 11.18 and t-12 price-to-sales ratio of 2.76. EPS for the same period is $1.75.

In the past 52 weeks, shares of San Jose, California-based company have traded between a low of $22.49 and a high of $30.31 and are now at $27.35.

Shares are up 9.34% year-over-year ; down 0.53% year-to-date.

In a report published Tuesday, William Blair analysts initiated coverage on PayPal Holdings, Inc. (PYPL) with an ‘Outpeform’ rating.

On valuation measures, PayPal shares currently have a PEG and forward P/E ratio of 1.52 and 21.48, respectively. Price/sales for the same period is 4.63 while EPS is $0.89. Currently there are 21 analysts that rate PYPL a ‘Buy’, 10 rate it a ‘Hold’. Two analysts rate it a ‘Sell’. PYPL has a median Wall Street price target of $44 with a high target of $50.

In a report published Tuesday, Sidoti analysts initiated coverage on VASCO Data Security International Inc. (VDSI) with a ‘Buy’ rating.

On valuation measures, Vasco Data Security International Inc. shares currently have a PEG and forward P/E ratio of 1.58 and 18.93, respectively. Price/sales for the same period is 2.80 while EPS is $1.28. Currently there are 3 analysts that rate VDSI a ‘Buy’ versus no analysts rating it a ‘Sell’. VDSI has a high Street price target of $36.

In the past 52 weeks, shares of Oakbrook, Terrace Illinois-based company have traded between a low of $15.00 and a high of $35.00 and are now at $18.90.

Shares are down 13.90% year-over-year and 38.32% year-to-date.

Incyte Corporation (INCY) rating of ‘Buy’ was reiterated today at Nomura with a price target increase of $146 from $126 (versus a $120.83 previous close).

In the past 52 weeks, shares of INCY have traded between a low of $43.86 and a high of $133.62 and are now trading at $108.65.

Shares are up 155.02% year-over-year and 65.27% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*