Notable Upgrades: (AMZN), Gilead Sciences (GILD), FireEye (FEYE), Citrix Systems (CTXS), YRC Worldwide (YRCW)

Analysts at Stifel are out with a report this morning upgrading shares of Inc. (AMZN) with a ‘Buy‘ from ‘Hold‘ rating. The firm set its price target for the company at $700 noting it would buy shares on any pullbacks.

On valuation measures, Inc. shares have a forward P/E of 109.81 and t-12 price-to-sales ratio of 2.57. EPS for the same period is ($0.41).

In the past 52 weeks, shares of Seattle, Washington-based online retail giant have traded between a low of $284.00 and a high of $580.57 and are now at $527.53. Shares are up 64.17% year-over-year and 69.50% year-to-date.

Analysts at Barclays upgraded their rating on the shares of Gilead Sciences Inc. (GILD). In a research note published on Wednesday, the firm lifted the name with an ‘Overweight‘ rating and set a 12-month base case estimate of $130 from $125 per share. The name was also raised to $129 from $127 at Maxim Group, to $130 from $120 at RBC Capital Markets, to $135 from $125 at Deutsche Bank (DB), and to $134 from $131 at Piper Jaffray.

On valuation measures, Gilead Sciences Inc. shares are currently priced at 13.32x this year’s forecasted earnings. Ticker has a PEG and forward P/E ratio of 0.50 and 10.44, respectively. Price/Sales for the same period is 6.05 while EPS is $8.77. Currently there are 18 analysts that rate GILD a ‘Buy‘, 3 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘. GILD has a median Wall Street price target of $125.00 with a high target of $159.00.

FireEye, Inc. (FEYE) was raised to ‘Outperform‘ from ‘Perform‘ and it was given a $58 price target at Oppenheimer on Wednesday. The firm said that while their FEYE estimates remain intact, it sees room for upside earnings revision.

FEYE is currently up $1.30 at $46.99 on normal volume. Midway through trading Wednesday, 3.60 million shares of FireEye Inc. have exchanged hands as compared to its average daily volume of 6.01 million shares. The stock has ranged in a price between $45.53-$46.99 after having opened the day at $46.31 as compared to the previous trading day’s close of $45.69.

In the past 52 weeks, shares of Milpitas, Calif.-based cybersecurity solutions firm have traded between a low of $24.81 and a high of $55.33. Shares are up 25.18% year-over-year and 44.68% year-to-date.

Citrix Systems, Inc. (CTXS) was upgraded to ‘Outperform‘ from ‘Neutral‘ by Robert W. Baird analysts on Wednesday. The broker also raised its price target on the stock to $80 from $75. Citrix was also raised to $85 from $75 at MKM Partners noting they would remain buyers following co.’s Q2/15 earnings.

CTXS is currently printing a higher than average trading volume with the issue trading 4.23 million shares, compared to the average volume of 1.46 million. The stock began trading this morning at $73.00 to currently trade 9.15% higher from the prior days close of $69.63. On an intraday basis it has gotten as low as $72.82 and as high as $76.70.

Citrix Systems Inc. shares are priced at 55.80x 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 7.90% and 11.50% compared to the industry growth rates of 16.90% and 23.70%, respectively. CTXS has a t-12 price-to-sales ratio of 3.54. EPS for the same period registers at $1.36.

CTXS shares have declined 1.87% in the last 4 weeks while advancing 3.14% in the past three months. Over the past 5 trading sessions the stock has gained 0.00%.

Fort Lauderdale, Florida-based company, which is currently valued at $12.18 billion, has a median Wall Street price target of $75.00 with a high target of $89.00. Citrix Systems Inc. is up 1.44% year-over-year, compared with a 6.25% gain in the S&P 500.

YRC Worldwide Inc. (YRCW) had its rating hiked to ‘Strong Buy‘ from ‘Market Perform‘ by Raymond James today. The firm set its price target on the stock at $20.

YRCW shares recently gained $2.15 to $15.24. The name is down 51.38% year-over-year and has lost roughly 42% year-to-date. Over the pat year, shares of Overland Park, Kansas-based company have traded between a low of $11.90 and a high of $27.69.

YRC Worldwide Inc. closed Tuesday at $13.08. The name has a total market cap of $499 million.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.