The latest news round up for trade-able items on the First Global Credit platform, covering:
- Cisco Systems
- Eli Lilly
- HCA Holdings
- Sanderson Farms
Apple, Inc (NASDAQ:AAPL)
Pacific Crest reiterated their buy rating on shares ofApple Inc. (NASDAQ:AAPL) in a research note published on Monday morning.
Apple opened at 118.28 on Monday. The firm’s 50-day moving average price is $117.50 and its 200 day moving average price is $118.98. Apple has a 52 week low of $92.00 and a 52 week high of $134.54. The company has a market capitalization of $659.45 billion and a PE ratio of 12.83.
Apple last posted its quarterly earnings data on Tuesday, October 27th. The iPhone maker reported $1.96 EPS for the quarter, topping the consensus estimate of $1.88 by $0.08. During the same period last year, the business earned $1.42 EPS. The company earned $51.50 billion during the quarter, compared to the consensus estimate of $51.02 billion. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts expect that Apple will post $9.85 earnings per share for the current fiscal year.
A new research suggested that cryptocurrency Bitcoin is set to become the sixth largest reserve currency in the next 15 years. CNBC said U.K.-based Magister Advisors, which conducted the research, interviewed thirty of the cryptocurrency industry insiders across the globe regarding Bitcoin’s reserve currency status. Magister Advisors is known in the industry as a technology mergers and acquisitions adviser.
In a press release, Magister Advisors partner and research leader Jeremy Millar said, “We have now reached a fork in the road with bitcoin and blockchain. Bitcoin has proven itself as an established currency. Blockchain, more fundamentally, will become the default global standard distributed ledger for financial transactions.”
Blockchain, by definition, is a system that allows the distribution of cryptocurrencies while being able to guarantee and verify the transactions.
On the other hand, Valuewalk noted that the research also showed the industry’s take on Bitcoin’s volatility. According to the research participants, close to 90% of Bitcoin owned is due to speculative investment as opposed to using it for commercial transactions.
Cisco Systems, Inc (NASDAQ:CSCO)
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have earned a consensus recommendation of “Buy” from the thirty-seven analysts that are currently covering the company. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.62.
A number of research firms have recently commented on CSCO. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $30.88 price objective for the company. In a research note on Tuesday, December 1st. SunTrust began coverage on Cisco Systems in a research report on Tuesday, November 24th. They set a “buy” rating and a $32.00 price target on the stock. William Blair reiterated a “buy” rating on shares of Cisco Systems in a report on Monday, November 23rd. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 17th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Sunday, November 15th.
Shares of Cisco Systems traded down 0.200% during trading on Monday, reaching $27.425. The company’s stock had a trading volume of 10,166,993 shares. The stock has a market cap of $139.21 billion and a P/E ratio of 14.588. The stock’s 50-day moving average is $27.98 and its 200-day moving average is $27.66. Cisco Systems has a 12-month low of $23.03 and a 12-month high of $30.31.
Eli Lilly (NYSE:LLY)
Equity research analysts at Deutsche Bank’s equities division increased Eli Lilly’s stock from “Hold” to “Buy” on Monday, 7 December. The analysts at Deutsche Bank have a price target of $99.0 on LLY or 14.29% more upside.
Out of 19 analysts covering Eli Lilly and Company, 14 rate it “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. $121 is the highest target while $82 is the lowest. The $97.53 average target is 17.05% above today’s ($86.14) stock price. Eli Lilly and Company was the topic in 21 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital upgraded the stock on December 1 to “Overweight” rating. Leerink Swann maintained the shares of LLY in a report on November 12 with “Outperform” rating. Finally, Cowen & Co maintained the stock with “Outperform” rating in an August 24 report.
About 3.40M shares traded hands. Eli Lilly and Co (NYSE:LLY) has risen 18.58% since May 4, 2015 and is uptrending. It has outperformed by 19.65% the S&P500.
HCA Holdings, Inc (NYSE:HCA)
The shares of HCA Holdings, Inc. traded with a loss of -0.13 points or -0.19% in the most recent session. The shares last traded at $67.25. As per the trading info, the shares saw $50.23 million in upticks and lost $48.04 million in downticks, resulting in a net money flow of $2.19 million. The up/down ratio for the day was measured at 1.05. For the week, the shares had posted -3.17%.From the block trade data available, the total upticks were valued at $6.23 million and the total downticks were valued at $0.68 million, thereby putting the up/down ratio at 9.12. The net money flow for the block transaction was $5.55 million.
During the last several months other analysts have commented on the company rating. In the latest statement by the brokerage house, Cantor Fitzgerald maintains its outlook on HCA Holdings, Inc. The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $105 per share to $95 per share. The rating by the firm was issued on October 28, 2015.
LinkedIn Corp (NYSE:LNKD)
LinkedIn Corp was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $247.01 price objective on the social networking company’s stock. Vetr‘s target price suggests a potential upside of 5.31% from the stock’s current price.
A number of other equities analysts have also recently commented on the stock. Nomura assumed coverage on shares of LinkedIn Corp in a research report on Friday. They issued a “buy” rating and a $290.00 target price for the company. Citigroup Inc. boosted their price target on LinkedIn Corp from $240.00 to $271.00 in a research note on Friday, November 13th. RBC Capital reissued a “buy” rating on shares of LinkedIn Corp in a research note on Wednesday, November 11th. MKM Partners upped their price objective on LinkedIn Corp from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 10th. They noted that the move was a valuation call. Finally, Piper Jaffray reiterated an “overweight” rating and issued a $287.00 target price (up from $240.00) on shares of LinkedIn Corp in a report on Thursday, November 5th. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $274.83.
Sanderson Farms, Inc (NASDAQ:SAFM)
Shares of Sanderson Farms, Inc. rose by 2.59% in the past week and 6.59% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 2.52% and the outperformance increases to 6.97% for the last 4 weeks.
Sanderson Farms, Inc. is up 14.22% in the last 3-month period. Year-to-Date the stock performance stands at -8.36%.The company shares have dropped -19.39% from its 1 Year high price. On Dec 8, 2014, the shares registered one year high at $95.67 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $70.48 and the 200 Day Moving Average price is recorded at $71.98.
During the last several months other analysts have commented on the company rating. CLSA upgrades its rating on Sanderson Farms, Inc. Analysts at the CLSA have a current rating of Outperform on the shares. The shares were previously rated Underperform. The rating by the firm was issued on December 3, 2015.
Shares of Sanderson Farms, Inc. ended Friday session in red amid volatile trading. The shares closed down 0.08 points or 0.11% at $75.55 with 661,806 shares getting traded. Post opening the session at $76.01, the shares hit an intraday low of $74.41 and an intraday high of $76.23 and the price vacillated in this range throughout the day. The company has a market cap of $1,693 million and the number of outstanding shares have been calculated to be 22,413,429 shares. The 52-week high of Sanderson Farms, Inc. is $95.67 and the 52-week low is $64.13.
Twitter, Inc (NYSE:TWTR)
Twitter, Inc. surged 0.12% during the last session. The last traded price was up 0.03 points at $25.05. The data for the fund flow suggests that the net intraday money flow was $(-3.6) million. The fund value in upticks was recorded to be $2.75 million and in downticks, it was found to be $6.35 million. The up/down ratio for the day was measured to be 0.43. For the week, the shares have seen a percentage change of 0.12%.A block trade of $(-4.12) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $4.12 million. The block tradeoff had the up/down ratio of 0.
Shares of Twitter, Inc. ended Monday session in red amid volatile trading. The shares closed down 0.56 points or 2.24% at $24.46 with 16,872,129 shares getting traded. Post opening the session at $24.99, the shares hit an intraday low of $24.13 and an intraday high of $25.16 and the price vacillated in this range throughout the day. The company has a market cap of $16,705 million and the number of outstanding shares have been calculated to be 682,946,650 shares. The 52-week high of Twitter, Inc. is $53.49 and the 52-week low is $21.01.