Showing posts with label Price Target. Show all posts
Showing posts with label Price Target. Show all posts
Monday, 2 March 2015
Bidness Etc - Bank of America Slashes PT of Tesla Motors
After slashing off Tesla Motors’ price target, Bank of America has initiated many doubts and queries regarding the stocks of the electric car manufacturer. BofA adjusted the price target this week for the company to $65 at a discount of 68% upon its current trading stock price.
This raised several question on the future prospects of Tesla Motors Inc's (NASDAQ: TSLA). The report comes as a surprise to investors of Tesla Motors. It shocked many shareholders of the carmaker. The Wall Street, however, is mostly bullish on the company’s stock.
BoA’s analyst, John Lovallo, announced: “We believe Tesla has seemingly managed to offset a steady stream of negative news and weak financial results by issuing long-term targets that, in our view, are often quite difficult to fathom. We believe that barring a significant reset in investor expectations, this strategy is certain to lose its luster, particularly considering what we see as the long road of challenging financial results and cash burn that lie ahead.”
Mr. Lovallo has based his opinions on the financial metrics of the automobile company. He contends that Tesla’s stock is fairly priced as per its valuation, before the company launched its celebrated Model S in fiscal year 2013.
Tesla stock price increased exponentially however as the giant company’s CEO Elon Musk has promised over the years regarding its progress and innovation. Mr. Lovallo, however, who is also known as “the biggest Tesla bear on the Street,” claimed that the expectations are unreal, and suggests to discount these assurances from the valuation in order to get a clearer picture.
Tesla Motors’ progress however did reduce from a once being a thriving stock to just an automobile manufacturing company over the last year. The company’s earnings also fell short as of market expectations in the fourth quarter of fiscal 2014. The company also delivered 4% fewer cars in 4Q than FY14 guidance.
Further criticizing the company, BoA analyst claimed that Mr. Musk’s company has always been successful in “crafting and re-crafting” its story. While adding further, he stated: “Lovallo calls out Tesla for its 'latest effort to shift investor focus away from disappointing financial results' — stationary storage, using the company's battery technology. But I don't think Tesla is talking up stationary storage because it wants to tell investors to zig when they should be zagging.”
Despite the Street being fairly bullish on the Tesla’s stock, 13 analysts out of the 22 who cover Tesla suggested a Buy, whereas six recommended a Hold. The stock is currently being traded at a share price of $203.76, down by 0.17% as of 7:42 PM on Thursday. The average target price or 12-month assigned to the stock of the electric car company by the analysts is $261.68.
Bidness Etc - Sears Holdings Announces Unsatisfying Quarterly Earnings
Sears Holdings reported its 4Q earnings for the year 2014 on Thursday 2015 along with its full year earning report which was seemingly disappointing for the investors. The company has been seeing a decline for quite some time now, with the 4Q of 2014 adding one more unsatisfactory quarter to the previous ten quarters that have consistently reported a decrease in earnings.
The loss recorded in 4QFY14 came around at $159 million which was observed to be a lesser loss as compared to the same quarter of 2013, in which a loss of $358 million was disclosed. However, losses for the year have seen an increase from $1.4 billion to $1.7 billion as compared to the year before 2014.
The multi-national firm declared its 4Q earning in a report on Thursday to have amounted up to $125 million which was seen to have risen for the first time since the last quarter of 2012. These earnings of the company, however, were the actual earnings before the subtraction of tax, interest, and depreciation.
The company's revenue witnessed a fall of 24% to 1.8 billion. Financial analysts, on the other hand, had expected the loss to be of $1.87 on the capital of $8.31 billion.
Shareholders of Sears faced a loss of $1.50 per share, which previously was a loss of $3.58 in the 4Q of 2013. The total loss from the decline in price of diluted shares was $15.82, a widened amount from $12.87 which was the loss recorded in the fiscal year of 2013.
As for the sales of the company in the fourth quarter, an evident fall was recorded in which the sales came around at $8.1 billion as compared to the previous sales of $10.6 billion. As for the yearly report, the downfall of the sales was seen from $36.2 billion to $31.2 billion.
Due to the consistent decline in the company's stature, Sears Holdings has been closing down its stores for the past year in order to transform its conventional departmental stores into a personalized way to shop, supported by a special membership, called Shop Your Way. The American company has also reduced its ownership of Sears Canada due to the fall in revenue generation and sales.
The reason Sears Holdings (NASDAQ:SHLD) managed to narrow down its previously increasing losses was due to better insurance policies and asset configuration as well as improved advertisements and marketing. The company is further expecting and working towards making its sales better and get through this struggling financial time gradually.
The loss recorded in 4QFY14 came around at $159 million which was observed to be a lesser loss as compared to the same quarter of 2013, in which a loss of $358 million was disclosed. However, losses for the year have seen an increase from $1.4 billion to $1.7 billion as compared to the year before 2014.
The multi-national firm declared its 4Q earning in a report on Thursday to have amounted up to $125 million which was seen to have risen for the first time since the last quarter of 2012. These earnings of the company, however, were the actual earnings before the subtraction of tax, interest, and depreciation.
The company's revenue witnessed a fall of 24% to 1.8 billion. Financial analysts, on the other hand, had expected the loss to be of $1.87 on the capital of $8.31 billion.
Shareholders of Sears faced a loss of $1.50 per share, which previously was a loss of $3.58 in the 4Q of 2013. The total loss from the decline in price of diluted shares was $15.82, a widened amount from $12.87 which was the loss recorded in the fiscal year of 2013.
As for the sales of the company in the fourth quarter, an evident fall was recorded in which the sales came around at $8.1 billion as compared to the previous sales of $10.6 billion. As for the yearly report, the downfall of the sales was seen from $36.2 billion to $31.2 billion.
Due to the consistent decline in the company's stature, Sears Holdings has been closing down its stores for the past year in order to transform its conventional departmental stores into a personalized way to shop, supported by a special membership, called Shop Your Way. The American company has also reduced its ownership of Sears Canada due to the fall in revenue generation and sales.
The reason Sears Holdings (NASDAQ:SHLD) managed to narrow down its previously increasing losses was due to better insurance policies and asset configuration as well as improved advertisements and marketing. The company is further expecting and working towards making its sales better and get through this struggling financial time gradually.
Sunday, 22 February 2015
Bidness Etc - Toyota Motors Shares See a Rise in Price
Toyota Motors has been doing wonders in the stock market lately. The shares of the auto makers reached a new 52-week high on Thursday, 19th February 2015, coming around at $135.30. The session opened with the share price at $134.50 and the highest point that it reached was recorded at $135.49. The lowest point that the share price fell during the trading session was reported at $134.38.
Many research equity firms have presented their analysis on the company’s current financial status in the stock market. Financial analysts at Jefferies Group have announced the ratings for the auto making company and also raised their previous price target on the shares of the firm from $144.82 to $145.89. In the same research note, analysts at Jefferies gave Toyota Motors shares a ‘buy’ rating.
Equity analysts at Zacks revised the ratings that they gave the auto giant’s shares previously and updated it to a ‘neutral’ rating. On the research report that they presented on 12th December 2014, the analysts of the company have set the price target of the Japanese firm’s shares to $132.00.
Out of the other analysts that have given their ratings to the company, three have rated the stock of the corporation with a ‘hold’ rating whereas four have given a ‘buy’ rating to the company’s stock. One of the financial firms has given a ‘strong buy’ rating to Toyota’s stock.
The Japanese auto makers have a stock with a 52-day moving estimate of $129.0 and 200-day moving rate estimated at $121.1. The company’s market cap value stands at 228.87 billion and the P/E ratio of 13.06.
The car making company announced its quarterly earnings report on 11th February, 2015 and the earnings per share were reported at $3.15. Analysts had expected the EPS to turn out at $3.16 and the actual earnings were $0.01 lesser than expectations.
Toyota Motors Corp (NYSE:TM) is a Japanese based company which deals in creating, manufacturing and producing cars. The company currently is engaged in two major business segments. The first one deals with the manufacturing, designs, creation and production of automobiles. This department is also responsible for the sales of the cars created by the company. Vehicles like sedans, trucks, sports cars and minivans are exported by the company all over the world. The company also runs a financial business that is responsible to deal with the company’s finances and also gives financial advice to the firm.
Many research equity firms have presented their analysis on the company’s current financial status in the stock market. Financial analysts at Jefferies Group have announced the ratings for the auto making company and also raised their previous price target on the shares of the firm from $144.82 to $145.89. In the same research note, analysts at Jefferies gave Toyota Motors shares a ‘buy’ rating.
Equity analysts at Zacks revised the ratings that they gave the auto giant’s shares previously and updated it to a ‘neutral’ rating. On the research report that they presented on 12th December 2014, the analysts of the company have set the price target of the Japanese firm’s shares to $132.00.
Out of the other analysts that have given their ratings to the company, three have rated the stock of the corporation with a ‘hold’ rating whereas four have given a ‘buy’ rating to the company’s stock. One of the financial firms has given a ‘strong buy’ rating to Toyota’s stock.
The Japanese auto makers have a stock with a 52-day moving estimate of $129.0 and 200-day moving rate estimated at $121.1. The company’s market cap value stands at 228.87 billion and the P/E ratio of 13.06.
The car making company announced its quarterly earnings report on 11th February, 2015 and the earnings per share were reported at $3.15. Analysts had expected the EPS to turn out at $3.16 and the actual earnings were $0.01 lesser than expectations.
Toyota Motors Corp (NYSE:TM) is a Japanese based company which deals in creating, manufacturing and producing cars. The company currently is engaged in two major business segments. The first one deals with the manufacturing, designs, creation and production of automobiles. This department is also responsible for the sales of the cars created by the company. Vehicles like sedans, trucks, sports cars and minivans are exported by the company all over the world. The company also runs a financial business that is responsible to deal with the company’s finances and also gives financial advice to the firm.
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