Investment Analysts’ Updated EPS Estimates for October, 10th (AB, AHT, AMO, APIC, ARLZ, ASYS, BLUR, BNZL, BOX, CASC)
AllianceBernstein Holding (NYSE:AB) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors. “
Ashford Hospitality Trust (NYSE:AHT) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “
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Amino Technologies Plc (LON:AMO) had its buy rating reissued by analysts at N+1 Singer. N+1 Singer currently has a GBX 168 ($2.08) target price on the stock.
Apigee Corp. (NASDAQ:APIC) was downgraded by analysts at JMP Securities from an outperform rating to a market perform rating.
Aralez Pharmaceuticals (NASDAQ:ARLZ) had its buy rating reaffirmed by analysts at Guggenheim.
Amtech Systems (NASDAQ:ASYS) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “AMTECH SYSTEMS, INC. is engaged in the manufacture of several items of capital equipment, one of which is patented, used by customers in the manufacture of semiconductors. Co. has recently obtained a U.S. patent on technology on which it expects to base a proposed new photo chemical vapor deposition (CVD) product for use in semiconductor manufacturing facilities. The Company has engaged the University of California, Santa Cruz, to conduct a study to determine the feasibility of such a product. “
Blur Group PLC (LON:BLUR) had its corporate rating reiterated by analysts at N+1 Singer.
Bunzl plc (LON:BNZL) had its neutral rating reaffirmed by analysts at BNP Paribas.
Box (NYSE:BOX) had its hold rating reaffirmed by analysts at Stifel Nicolaus. They currently have a $15.00 price target on the stock.
Cascadian Therapeutics (NASDAQ:CASC) had its buy rating reaffirmed by analysts at Cowen and Company.
CytRx Corp. (NASDAQ:CYTR) had its outperform rating reissued by analysts at FBR & Co.
Dcc Plc (LON:DCC) had its neutral rating reissued by analysts at BNP Paribas. BNP Paribas currently has a GBX 6,400 ($79.21) target price on the stock.
Eagle Point Credit (NYSE:ECC) had its buy rating reiterated by analysts at National Securities. They currently have a $24.00 price target on the stock. The analysts wrote, “The Preferred Offering: Eagle Point Credit Company (ECC) issued 1.2 million shares of its Series B preferred stock with a 7.75% coupon with 180,000 shares of overallotment, which we anticipate will be taken up in full. This would equate to gross proceeds of $34.5 million and net proceeds of $33.0 million, by our estimates. After a net common stock offering of $20.7 million and a $25.0 million debt offering in 2Q16, we think that this offering in 4Q16 bodes well for the pipeline of opportunities. Seeing as the volatility in the first half of the year permitted ECC to make highly accretive secondary market purchases with effective yields north of 35%, we expect that the 4Q16 preferred raise will likely be used by ECC to structure its own transactions and earn fee rebates – the bread and butter of its business model. ECC’s NAV/share estimate as of 8/31/16 was $16.72, up 15.6% from $14.46 as of 6/30/16. The strong rebound in loan prices and CLO equity will likely drive a $34.3 million of unrealized appreciation during the quarter. We expect that the company will increase its total portfolio at par to $609.9 million in 4Q16 and $712.1 million in 4Q17 from $441.4 million as of 6/30/16. We model debt + preferred to total assets to finish 2016 at 31.0% and 2017 at 27.4%, from 27.7% in 2Q16. We are adjusting our 2016 NII/share from $2.39 to $2.38 and our 2017 NII/share estimate from $2.61 to $2.64. Our $24 price target implies an estimated 2017 Price/Net Investment Income (P/ NII) of 9.1x, dividend yield of 10.0%, and Price/Net Asset Value (P/NAV) of 1.40x. “
Blackhawk Network Holdings (NASDAQ:HAWK) had its buy rating reissued by analysts at Jefferies Group. Jefferies Group currently has a $43.00 target price on the stock.
HollyFrontier Corp. (NYSE:HFC) had its overweight rating reissued by analysts at Barclays PLC. The firm currently has a $35.00 target price on the stock.
Myriad Genetics (NASDAQ:MYGN) had its equal weight rating reissued by analysts at Barclays PLC. They currently have a $22.00 price target on the stock.
Myriad Genetics (NASDAQ:MYGN) had its sell rating reissued by analysts at Bank of America Corp..
Mylan (NASDAQ:MYL) had its sector perform rating reiterated by analysts at RBC Capital Markets. They currently have a $48.00 price target on the stock.
Mylan (NASDAQ:MYL) had its buy rating reissued by analysts at BTIG Research. BTIG Research currently has a $55.00 target price on the stock.
Quanex Building Products Corp. (NYSE:NX) had its outperform rating reaffirmed by analysts at Wedbush. Wedbush currently has a $23.00 price target on the stock.
OncoMed Pharmaceuticals (NASDAQ:OMED) had its market perform rating reissued by analysts at Leerink Swann. They currently have a $13.00 target price on the stock.
Ritchie Bros. Auctioneers (NYSE:RBA) had its hold rating reaffirmed by analysts at Bank of America Corp.. They currently have a $37.50 target price on the stock.
Johnson Rice began coverage on shares of U.S. Silica Holdings (NYSE:SLCA). Johnson Rice issued an accumulate rating on the stock.
Waterman Group plc (LON:WTM) had its corporate rating reissued by analysts at N+1 Singer.
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