Initiations: BP p.l.c. (BP), Nvidia (NVDA), McDonald’s (MCD), Yum! Brands (YUM)

wall street

In a report published Friday, Nomura analysts initiated coverage on BP p.l.c. (BP) with a ‘Neutral’ rating.

On valuation measures, BP PLC shares currently have a PEG and forward P/E ratio of 3.13 and 11.47, respectively. Price/sales for the same period is 0.43 while EPS is ($2.12). Currently there are 14 analysts that rate BP a ‘Buy’, 16 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’. BP has a median Street price target of $32.57 with a high target of $46.93.

In the past 52 weeks, shares of the London-based oil and gas company have traded between a low of $27.01 and a high of $43.85 and are now at $31.34.

Shares are down 14.23% year-over-year ; up 3.03% year-to-date.

Investment analysts at Argus initiated coverage on shares of Nvidia Corporation (NVDA) in a note issued to investors on Friday. The firm set a ‘Buy’ rating and a $39 price target on the stock noting that while shares of the visual computing firm trade at premiums to peers, it regards those premiums as justified given the co.’s clear core-business leadership and the potential to be early to market in multiple promising new industries. Argus’ price target would suggest a potential upside of 14.50% from the stock’s current price of $34.06.

Nvidia Corp., currently valued at $18.32 billion, has a median Street price target of $33.50 with a high target of $40. Approximately 6 million shares have changed hands, compared to the stock’s average daily volume of 9.61 million.

In the past 52 weeks, shares of the company have traded between a low of $19.09 and a high of $34.23 with the 50-day MA and 200-day MA located at $30.02 and $28.85 levels, respectively. Additionally, shares of Nvidia trade at a P/E ratio of 31.53 and have a Relative Strength Index (RSI) and MACD indicator of 72.38 and +0.82, respectively.

Nvidia Corp. currently prints a year-to-date loss of less than one percent.

McDonald’s Corp. (MCD) – Longbow analysts today initiated coverage of the name, giving it an ‘Neutral’ rating.

MCD was up $0.47 at $123.63 in midday trade, moving within a 52-week range of $87.50 to $124.83. The name, valued at $113.52 billion, opened at $123.43.

On valuation measures, McDonald’s Corp. shares are currently priced at 25.76x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 4.37. EPS for the same period registers at $4.80.

As for passive income investors, the co. pays stockholders $3.56 per share annually in dividends, yielding 2.90%.

Longbow is out with another report this morning initiating coverage of Yum! Brands, Inc. (YUM) with a ‘Buy’ rating and $95 price target, implying 20% expected return.

In the past 52 weeks, shares of Yum Brands have traded between a low of $64.58 and a high of $95.90 and are now trading at $78.99.

Shares are up 8.58% since the beginning of the year.

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