Analysts at Axiom Capital are out with a report this morning upgrading shares of Google Inc. (GOOGL) with a ‘Buy‘ from ‘Hold‘ rating. The firm raised its price target for the company to $850 up from $615 previously, noting that after seeing the share price stagnate for the past 18 months, it believes now is the right time to buy the stock. Axiom also said 2Q15 results show that the fundamentals have improved significantly.
Google Inc. Cl A shares are currently priced at 32.86x this year’s forecasted earnings, compared to the industry’s 18.21x earnings multiple. Ticker has a forward P/E of 21.26 and t-12 price-to-sales ratio of 6.05. EPS for the same period is $21.16.
In the past 52 weeks, shares of Mountain View, California-based search giant have traded between a low of $490.91 and a high of $703.00 and are now at $695.17. Shares are up 1.89% year-over-year and 13.40% year-to-date.
Analysts at Sun Trust Rbsn Humphrey upgraded their rating on the shares of Ruckus Wireless, Inc. (RKUS). In a research note published on Friday, the firm lifted the name with a ‘Buy‘ from ‘Neutral‘ rating.
On valuation measures, Ruckus Wireless Inc. shares are currently priced at 132.50x this year’s forecasted earnings compared to the industry’s 22.82x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.38 and 19.67, respectively. Price/Sales for the same period is 2.70 while EPS is $0.08. Currently there are 13 analysts that rate RKUS a ‘Buy‘, 6 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘. RKUS has a median Wall Street price target of $14.00 with a high target of $17.00.
Bank of America Corporation (BAC) was raised to ‘Buy‘ from ‘Hold‘ with a $20 price target at Argus on Friday.
BAC is up $0.18 at $18.13 on strong volume. Midway through trading Friday, 64 million shares of BofA have exchanged hands as compared to its average daily volume of 80.29 million shares. The stock has ranged in a price between $17.89 to $18.16 after having opened the day at $17.96 as compared to the previous trading day’s close of $17.95.
In the past 52 weeks, shares of Charlotte, North Carolina-based bank have traded between a low of $14.84 and a high of $18.21. Shares are up 17.14% year-over-year and 0.95% year-to-date.
TECO Energy, Inc. (TE) was upgraded to ‘Buy‘ from ‘Neutral‘ by Mizuho analysts on Friday. The broker also raised its price target on the stock to $24 from $19.
TE is currently printing a higher than average trading volume with the issue trading 8.66 million shares, compared to the average volume of 2.04 million. The stock began trading this morning at $20.89 to currently trade 1.82% lower from the prior days close of $21.48. On an intraday basis it has gotten as low as $20.80 and as high as $21.50.
Citigroup Inc. (C) was reiterated a ‘Buy’ by UBS analysts on Friday. The broker also raised its price target on the stock to $67 from $61 noting that as bank approaches year-end, firm expects management to unveil efficiency targets for next year.
Citigroup Inc. shares are priced at 23.68x this year’s forecasted earnings, compared to the industry’s 18.76x earnings multiple. The company’s current year and next year EPS growth estimates stand at 150.00% and 8.20% compared to the industry growth rates of 1.30% and 7.40%, respectively. C has a t-12 price-to-sales ratio of 2.55. EPS for the same period registers at $2.48.
Citigroup shares have advanced 2.66% in the last 4 weeks and 8.56% in the past three months. Over the past 5 trading sessions the stock has gained 9.09%.
The New York-based banking gaint, which is currently valued at $177.86 billion, has a median Wall Street price target of $63.00 with a high target of $73.00. Citigroup Inc. is up 17.79% year-over-year, compared with a 7.38% gain in the S&P 500.
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