Equities Research Analysts’ Updated EPS Estimates for October, 12th (ACBI, AGU, ALJ, ANY, ARGKF, CXRX, DG, FB, NLY, OREX)
Atlantic Capital Bancshares (NASDAQ:ACBI) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Atlantic Capital Bancshares, Inc. is a bank holding company. The Company’s corporate and business banking services include lending and financing, treasury services and international banking. Its private banking products and services include deposit products such as checking accounts, money market accounts, savings accounts and certificates of deposit; credit products include home equity lines of credit, secured personal lines of credit, unsecured lines of credit, home improvement loans, car loans and credit cards and services include online banking and bill payment, wire transfers, automated teller machine, eDelivery of statements and documents and person-to-person payments. Atlantic Capital Bancshares, Inc. is based in Atlanta, Georgia. “
Agrium (NYSE:AGU) had its outperform rating reiterated by analysts at RBC Capital Markets. They currently have a $139.00 target price on the stock, up from their previous target price of $125.00.
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Alon USA Energy (NYSE:ALJ) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the Southwestern and South Central regions of the United States. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt in the State of Texas. The Company also operates convenience stores in West Texas and New Mexico under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery. “
Sphere 3D Corp. (NASDAQ:ANY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $0.50 price target on the stock. According to Zacks, “Sphere 3D Corporation is a virtualization technology solution provider. The Company is engaged in the development, and sale of Sphere 3D’s Glassware 2.0 ultra-thin client technology, that allows access to third party software on any Cloud connected device. Sphere 3D also develops V3 systems appliances, a series of servers that are used for virtualization; and provides Desktop Cloud Orchestrator software, which allows administrators to manage local, cloud hosted, or hybrid virtual desktop deployments. It caters to the cloud computing market. Sphere 3D Inc. is based in Mississauga, Canada. “
Aggreko PLC (NASDAQ:ARGKF) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “
Concordia Healthcare Corp. (NASDAQ:CXRX) had its outperform rating reaffirmed by analysts at RBC Capital Markets. RBC Capital Markets currently has a $18.50 target price on the stock.
Dollar General Corp. (NYSE:DG) had its buy rating reaffirmed by analysts at Deutsche Bank AG. Deutsche Bank AG currently has a $77.00 target price on the stock, down from their previous target price of $84.00.
KeyCorp initiated coverage on shares of Dollar General Corp. (NYSE:DG). The firm issued a positive rating on the stock.
Facebook (NASDAQ:FB) had its buy rating reaffirmed by analysts at Citigroup Inc.. They currently have a $158.00 price target on the stock.
Annaly Capital Management (NYSE:NLY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $11.00 target price on the stock. According to Zacks, “In July Annaly closed the acquisition of Winston Salem, NC–based mREIT, Hatteras Financial Corp. for $1.5 billion. This has diversified the investment and financing options for the company. Further, prudent selection of assets, exposure to high-quality MBS, expansion of commercial real estate investments and solid financial position keep its growth momentum going. However, competition with several other players, adverse macro-economic conditions and interest rate issues add to the company’s problems.”
Orexigen Therapeutics (NASDAQ:OREX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Orexigen’s sole marketed drug, Contrave, targets the obesity market which represents immense commercial potential. Low rates of penetration and awareness and the lack of safe and effective treatment options make the market highly lucrative. Contrave could bring in multi-million dollar sales for the company. We are positive on the company’s collaboration agreement with Valeant for the commercialization of the drug. However, Contrave sales are yet to pick up and Orexigen’s dependence on Contrave for growth and lack of pipeline candidates is concerning. Contrave is facing a patent challenge as well. Estimates have gone down ahead of the company’s Q3 earnings release. The company has an impressive track record of earnings surprises in the recent quarters.”
Rice Energy (NYSE:RICE) had its sector outperform rating reaffirmed by analysts at Scotiabank. They currently have a $32.00 target price on the stock, up from their previous target price of $30.00.
SunOpta (NASDAQ:STKL) had its buy rating reiterated by analysts at DA Davidson. They currently have a $7.50 target price on the stock.
TE Connectivity (NYSE:TEL) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “TE Connectivity has a decent earnings surprise history, beating estimates thrice in the trailing four quarters. Robust growth in harsh environment and SubCom businesses, along with productivity improvements, boosted growth in the last reported quarter. Strong traction in the connectivity and sensor business, sales growth and design-wins in automotive & integrated multiple components, and rebound in transportation business were key growth drivers. However, sluggish industrial markets, weakness in oil & gas markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. Going forward, industrial, data & devices, and communications businesses are expected to be impacted by the weakness in Chinese economy. “
Twitter (NYSE:TWTR) had its hold rating reissued by analysts at SunTrust Banks Inc.. They currently have a $18.00 price target on the stock.
Xcel Energy (NYSE:XEL) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $44.00 target price on the stock. According to Zacks, “Xcel Energy’s long-term investment plans will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefiting from improving economic conditions in its service territories. The company is focused on expanding its renewable generation assets and lowering its carbon footprint. Xcel Energy's operation is subject to stringent environmental legislations which call for additional expenditures and can adversely impact the company's profits. Rising debt levels of Xcel Energy is a concern, with its debt/capital ratio presently higher than the industry average.”
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