Notable Upgrades: Facebook (FB), FireEye (FEYE), Chuy’s Holdings (CHUY), Eli Lilly (LLY), ArcelorMittal (MT)

Analysts at Credit Suisse (CS) are out with a report this morning reiterating shares of Facebook, Inc. (FB) with an ‘Outperform’ rating. The firm raised its price target for the company to $115 from $110, noting its recent checks indicated a strong ramp-up in Instagram, along with dynamic product ads.

Facebook Inc. Cl A shares are currently priced at 94.44x this year’s forecasted earnings, which makes them expensive compared to the industry’s 15.04x earnings multiple. Ticker has a forward P/E of 33.80 and t-12 price-to-sales ratio of 17.80. EPS for the same period is $0.98.

In the past 52 weeks, shares of Menlo Park, California-based social networking giant have traded between a low of $70.32 and a high of $99.24 and are now at $92.93.

Shares are up 19.29% year-over-year and 18.52% year-to-date.

Analysts at Gabelli & Co. upgraded their rating on the shares of FireEye, Inc. (FEYE). In a research note published on Friday, the firm lifted the name with a ‘Hold’ from ‘Sell’ rating and set the name’s 12-month base case estimate at $36 per share.

On valuation measures, FireEye Inc. shares have a PEG and price/sales ratio of -0.50 and 9.48, respectively. EPS is ($3.3).

Currently there are 14 analysts that rate FEYE a ‘Buy’, 17 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. FEYE has a median Wall Street price target of $54.00 with a high target of $65.00.

Chuy’s Holdings, Inc. (CHUY) was raised to ‘Outperform’ from ‘Neutral’ at Wedbush on Friday.

CHUY is up $3.01 at $33.27 on heavy volume. Midway through trading Friday, 920K shares of Chuy’s Holdings Inc. have exchanged hands, as compared to its average daily volume of 245K shares. The stock has ranged in a price between $31.15 to $33.50 after having opened the day at $31.26 as compared to the previous trading day’s close of $30.26.

Over the past year, shares of Austin, Texas-based restaurant operator have traded between a low of $18.40 and a high of $35.76.

Shares are up 53.84% since the beginning of the year.

Eli Lilly and Co (LLY) was upgraded to ‘Outperform’ from ‘Neutral’ by Credit Suisse (CS) analysts on Friday.

LLY is currently printing a normal average trading volume with the issue trading 2.86 million shares, compared to the average daily volume of 5.37 million. The stock began trading this morning at $85.32 to currently trade 2.23% higher from the prior days close of $83.77. On an intraday basis it has gotten as low as $83.77 and as high as $86.57.

Eli Lilly shares have advanced 3.30% in the last 4 weeks while declining 4.55% in the past three months. Over the past 5 trading sessions the stock has lost 1.66%. The Indianapolis, Indiana-based company, which is currently valued at $90.67 billion, has a median Wall Street price target of $92.50 with a high target of $120.00.

Eli Lilly & Co. is up 31.95% year-over-year, compared with a 4.42% gain in the S&P 500.

ArcelorMittal (MT) had its rating hiked to ‘Overweight’ from ‘Neutral’ by JP Morgan (JPM) today.

MT shares recently gained $0.33 to $6.71. The stock is down 49.49% year-over-year and has lost roughly 41% year-to-date. In the past 52 weeks, shares of Luxembourg-based steel and mining company have traded between a low of $4.96 and a high of $13.32.

ArcelorMittal ADR closed Thursday at $6.38. The name has a current market cap of $11.10 billion.

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