Notable Upgrades: Navios (NMM), Alphabet Inc. (GOOGL), American Eagle Outfitters (AEO), Visa Inc. (V)

Analysts at JP Morgan (JPM) are out with a report this morning upgrading shares of Navios Maritime Partners L.P. (NMM) with a ‘Neutral’ from ‘Underweight’ rating. The name was also downgraded to ‘Neutral’ from ‘Buy’ at Citirgoup (C) as they noted a dividend cut looks likely. The banking giant said the dry bulker’s balance sheet looks negative in Q3/15 without a dividend cut.

On valuation measures, Navios shares are currently priced at 10.52x this year’s forecasted earnings, compared to the industry’s 7.48x earnings multiple. Ticker has a forward P/E of 10.64 and t-12 price-to-sales ratio of 2.66. EPS for the same period is $0.57.

In the past 52 weeks, shares of Monte Carlo, Monaco-based company have traded between a low of $5.13 and a high of $16.53 and are now at $6.05.

Shares are down 48.86% year-over-year and 21.06% year-to-date.

Alphabet Inc. (GOOGL) was reiterated a ‘Buy’ by Axiom Capital analysts on Tuesday. The broker also raised its price target on the stock to $900 from $850, noting it believes the search giant will generate higher mobile search and YouTube revenues than they had previously modeled.

GOOGL was up $0.50 at $748.24 in mid-day trade, moving within a 52-week range of $490.91 to $752.50. The name, valued at $514.58 billion, opened at $745.43.

Analysts at Piper Jaffray upgraded their rating on the shares of American Eagle Outfitters, Inc. (AEO). In a research note published on Tuesday, the firm lifted the name with a ‘Overweight’ from ‘Neutral’ rating.

On valuation measures, American Eagle Outfitters Inc. shares are currently priced at 24.18x this year’s forecasted earnings, compared to the industry’s 17.19x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.65 and 14.75, respectively. Price/Sales for the same period is 0.87 while EPS is $0.68. Currently there are 15 analysts that rate AEO a ‘Buy’, 11 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’. AEO has a median Wall Street price target of $19 with a high target of $24.

Visa Inc. (V) was reiterated as ‘Outperform’ with $91 from $82 price target on Tuesday by RBC Capital Markets.

Visa is currently printing a higher than average trading volume with the issue trading 12.15 million shares, compared to the average volume of 9.38 million. The stock began trading this morning at $75.24 to currently trade 3.89% higher from the prior days close of $75.22. On an intraday basis it has gotten as low as $74.53 and as high as $78.17.

VISA Inc. Cl A shares are priced at 32.34x this year’s forecasted earnings, compared to the industry’s 18.48x earnings multiple. The company’s current year and next year EPS growth estimates stand at 12.20% and 15.30%, compared to the industry growth rates of 5.70% and 12.10%, respectively. Visa has a t-12 price-to-sales ratio of 13.52. EPS for the same period registers at $2.42.

V shares have advanced 6.44% in the last 4 weeks and 0.10% in the past three months. Over the past 5 trading sessions the stock has lost 3.79%. The $190.11 billion Foster City, California-based company has a median Street price target of $85 with a high target of $93.11.

Visa Inc. Cl A is up 25.52% year-over-year, compared with a 4.57% gain in the S&P 500.

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