Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?One w
General Electric Company GE announced plans to reduce debts through tender offers to purchase the U.S. dollar, GBP-denominated debt and Euro-denominated debt securities. The tender offers are expected to expire on Dec 17, 2020.In a separate release, the company communicated that
NIKE Inc. NKE is slated to release second-quarter fiscal 2021 results on Dec 18. The leading sports apparel retailer is likely to have witnessed sales growth in the quarter under review. Despite the pandemic-led disruptions, strong digital momentum across all regions has been aid
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Bio-Rad Laboratories Inc (Symbol: BIO) have crossed above the average analyst 12-month target price of $560.00, changing hands for $567.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgra
To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention —
In recent trading, shares of Omega Healthcare Investors, Inc. (Symbol: OHI) have crossed above the average analyst 12-month target price of $37.36, changing hands for $37.59/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: d
In recent trading, shares of CubeSmart (Symbol: CUBE) have crossed above the average analyst 12-month target price of $32.60, changing hands for $32.91/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,
Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with BlackRock Inc (Symbol: BLK). The average 12-month price target for BLK — averaging the work of 9 analysts — reveals an average price target of $672.78/share.
In recent trading, shares of Coupa Software Inc (Symbol: COUP) have crossed above the average analyst 12-month target price of $316.76, changing hands for $318.43/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of j2 Global Inc (Symbol: JCOM) have crossed above the average analyst 12-month target price of $100.27, changing hands for $100.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on val
In recent trading, shares of Verisk Analytics Inc (Symbol: VRSK) have crossed above the average analyst 12-month target price of $192.92, changing hands for $193.99/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade
That surge of demand for ABNB stock demonstrates the type of potential investors believe Airbnb has. The question now is whether the valuation is justified, with the stock trading at roughly 20 times 2021 revenue.
Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Ares Capital Corp (Symbol: ARCC). The average 12-month price target for ARCC — averaging the work of 13 analysts — reveals an average price target of $15.79/
Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with SpringWorks Therapeutics Inc (Symbol: SWTX). The average 12-month price target for SWTX — averaging the work of 4 analysts — reveals an average price target
Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Fair Isaac Corp (Symbol: FICO). The average 12-month price target for FICO — averaging the work of 6 analysts — reveals an average price target of $480.50/sh
U.S. lawmakers indicated a growing willingness to compromise on the most contentious issues that have delayed passage of another round of pandemic-relief legislation.
Slack Technologies, Inc. WORK is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for WORK broke out above the 200 Day Simple Moving Average, suggest
Indonesia's central bank is expected to keep its key interest rate unchanged at the year's final policy meeting on Thursday, having cut five times and launched massive quantitative easing to fight the impact of the pandemic, a Reuters poll showed.
TE Connectivity (TEL) announced that its board has approved a recommendation to raise quarterly cash dividend by approximately 4.2% to $0.50 per share. The connectivity and sensor product manufacturer said that its board will present the recommendation at its annual shareholder meeting scheduled on Mar. 10, 2021, for approval.
The planned dividend hike would represent an annual dividend of $2 per share and translate into an annualized dividend yield of approximately 1.7%.
TE Connectivity said that quarterly cash dividend hike will be applicable for “the four fiscal quarters starting in April 2021, the beginning of the third fiscal quarter.” (See TEL stock analysis on TipRanks)
On Oct. 30, Oppenheimer analyst Christopher Glynn reiterated a Buy rating and price target of $114 (3.5% downside potential). In a note to investors, Glynn wrote that our “rating reflects our view of extending track record of long-term revenue and margin execution. TEL looks increasingly well positioned for long-term solid organic growth prospects via global positioning against secular demand expansion for high-quality connectivity assurance.”
Overall, the Street has a bullish outlook on the stock. The Strong Buy analyst consensus is based on 6 Buys and 2 Holds. The average price target stands at $115 and implies downside potential of about 2.6% to current levels. Shares have gained 23.2% year-to-date.