Shares of Qualcomm Incorporated (QCOM) are rising 4.38% to $70.05 in midday trading on Tuesday after the stock was upgraded to ‘Sector Outperform’ from ‘Sector Perform’ at Scotia Capital. Separately, the chip maker had its price target raised to $80 from $77, and to $80 from $75, at FBR Capital and RBC Capital Markets, respectively. The price increase follows the firm’s announcement to pay China a $975 million fine to settle a 14-month long probe into alleged anti-competitive practices.
Qualcomm Inc, currently valued at $115.48B, has a median Wall Street price target of $75.00 with a high target of $88.00. Approximately 18M shares have already changed hands, compared to the stock’s average daily volume of 11.39M.
In the past 52 weeks, shares of the manufacturer of digital communications products have traded between a low of $62.26 and a high of $81.97 with the 50-day MA and 200-day MA located at $71.50 and $73.41 levels, respectively. Additionally, shares of QCOM trade at a P/E ratio of 1.29 and have a Relative Strength Index (RSI) and MACD indicator of 51.39 and -0.51, respectively.
QCOM currently prints a one year loss of about 8%, and a year-to-date loss of around 10%.
Shares of Citigroup Inc. (C) are up nearly 2% in late trading today after Deutsche Bank (DB) upgraded the firm to ‘Buy’ from ‘Hold’. The bank also increased its price target on the stock to $54 from $51.
On valuation measures, Citigroup Inc. shares are currently priced at 22.51x this year’s forecasted earnings, compared to the industry’s 32.53x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.39 and 8.46, respectively. Price/Sales for the same period is 2.12 while EPS is $2.20. Currently there are 16 analysts that rate C a ‘Buy’, 10 rate it a ‘Hold’. No analyst rates it a ‘Sell’. Citi has a median Wall Street price target of $60.00 with a high target of $73.00.
In the past 52 weeks, shares of the NY-based banking giant have traded between a low of $45.18 and a high of $56.95 and are now at $49.49. Shares are down 0.18% year-over-year, and 9.04% year-to-date.
Citigroup’s shares closed at $49.21 yesterday.
Hasbro Inc. (HAS) shares rose 1.50% in late morning trading Tuesday, after the company’s stock was upgraded by analysts at BMO Capital Markets to an ‘Outperform’ rating from ‘Market Perform’. The firm also raised its price target on the stock to $70 from $55 a share, which represents a potential upside of 17.45% from its Monday close.
Hasbro Inc shares recently gained $0.99 to $60.65. In the past 52 weeks, shares of Pawtucket, Rhode Island-based company have traded between a low of $48.01 and a high of $61.33. Shares are up 22.91% year-over-year, and 9.33% year-to-date.
Analysts at Miller Tabak lifted their price target on shares of Cracker Barrel Old Country Store, Inc. (CBRL) to $145 from $130 in a research report issued to clients on Tuesday. CBRL shares closed at $124.72 yesterday. The firm’s 12-month base case estimate suggest a potential upside of about 17% from the company’s current price of $129.65.
Cracker Barrel currently prints a year-to-date loss of around 8%, compared with a 12.47% gain in the S&P 500.
The Mosaic Company (MOS) was upgraded by HSBC from a ‘Neutral’ rating to an ‘Overweight’ rating in a research note issued on Tuesday. The investment firm currently has a $56.00 price target on the fertilizer producer’s stock, up from their previous price target of $54.00.
MOS recently lost 14c to $50.35. The stock is up more than 7.50% this year and has risen roughly 10% over the past 12 months.
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