Shares of General Electric Company (GE) are fractionally higher in pre-market trading Monday. According to a Wall Street Journal report, the company’s finance arm is in talks to buy Milestone Aviation Group Ltd. The paper said the conglomerate could purchase the world’s largest helicopter-leasing company by fleet value for more than $2.5 billion.
On valuation measures, General Electric, currently valued at $243.52B, has a median Wall Street price target of $29.00 with a high target of $32.00. In the past 52 weeks, shares of the U.S.-based conglomerate have traded between a low of $24.13 and a high of $28.09 with the 50-day MA and 200-day MA located at $25.75 and $26.18 levels, respectively. Additionally, shares of GE trade at a P/E ratio of 1.91 and have a Relative Strength Index (RSI) and MACD indicator of 32.16 and -0.53, respectively.
GE currently prints a one year return of about 3.50% and a year-to-date loss of around 11.20%.
—
Comcast (CMCSA)’s Universal Parks unit said on Monday it had reached an agreement to open a $3.27 billion theme park in Beijing. The parent of NBCUniversal and CNBC received government approval for a 300-acre park that is expected to open its doors on a first phase in 2019. The park, which will have China-themed attractions in addition to well known ones based on Western brands like the Harry Potter series, will be co-owned and operated by Universal and a consortium of four Chinese state-owned enterprises.
Comcast Corporation is currently valued at $136.19B. In the past 52 weeks, shares of the media and technology company have traded between a low of $45.82 and a high of $57.49 with the 50-day MA and 200-day MA located at $54.98 and $52.99 levels, respectively.
CMCSA currently prints a one year return of about 17.98% and a year-to-date return of around 2.55%. Ticker has has a median Wall Street price target of $64.00 with a high target of $72.00.
—
Darden Restaurants, Inc. (DRI) was downgraded by Piper Jaffray analysts to ‘Neutral’ from ‘Overweight’ rating Monday. The downgrade reflects the overhaul of the company’s board as well as its potential management changes. The firm also lowered its price target on the stock to $50 from $55.
Darden shares were down 2.54% to $48.02 in pre-market trading on Monday, moving within a 52-week range of $43.56 to $54.89.
—
Shares of CSX Corp. (CSX) are up almost 10% in pre-market trading Monday after a Wall Street Journal report suggested that the railroad operator has been approached by Canadian Pacific Railway about a possible merger. The $60B offer was made last week and was rejected, the publication said on Sunday, citing people briefed on the matter.
On valuation measures, CSX Corp. shares are currently priced at 16.74x this year’s forecasted earnings compared to the industry’s 23.02x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.66 and 14.06, respectively. Price/Sales for the same period is 2.50 while EPS is $1.79. Currently there are 6 analysts that rate CSX a ‘Strong Buy’, 2 rate it a ‘Buy’, and 18 rate it a ‘Hold’. No analysts rates it a ‘Sell’. CSX has a median Wall Street price target of $34.00 with a high target of $37.00.
In the past 52 weeks, shares of Jacksonville, Florida-based company have traded between a low of $25.28 and a high of $32.66 and are now at $32.67. Shares are up 17.37% year-over-year and 5.76% year-to-date.
—
Exact Sciences Corporation (EXAS) had its price target raised to $12 from $8 by analysts at Maxim Group on Monday. The firm recommends however, investors sell the name. EXAS was a big gainer last session, as the company saw its shares spike more than 35% on the day.
On valuation measures, Exact Sciences Corporation shares have a price/sales ratio of 862.29. EPS is ($0.80). Currently there are 9 analysts that rate EXAS a ‘Buy’, while 2 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. EXAS has a median Wall Street price target of $24.00 with a high target of $34.00.
In the past 52 weeks, shares of Madison, Wisconsin-based company have traded between a low of $9.82 and a high of $26.79 and are now at $25.08. Shares are up 150.25% year-over-year and 109.36% year-to-date.
EXAS recently traded at $24.95, up 1.43 percent.
—
ALCO Stores (ALCS) shares nosedived more than 70% in early trade after the thinly traded retailer filed for voluntary Chapter 11 bankruptcy with plans to liquidate/sell the 113-year-old retail operation. The filling puts about 3,000 jobs on the line.
ALCS is currently changing hands at $0.50, down $1.15, or 69.55%.
Leave a Reply