Research Analysts’ Updated EPS Estimates for March, 20th (AAC, ABEO, ACY, CFG, G1A, TSS, WBK, WDC, WWD, YUMC)
AAC (NYSE:AAC) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “AAC Holdings, Inc. is a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. It provides detoxification, residential treatment, partial hospitalization, and intensive outpatient care services. AAC Holdings, Inc. is headquartered in Brentwood, Tennessee. “
Abeona Therapeutics (NASDAQ:ABEO) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Abeona Therapeutics, Inc. is engaged in developing and delivering gene therapy and plasma-based products for rare diseases. Abeona Therapeutics Inc., formerly known as PlasmaTech Biopharmaceuticals, Inc., is based in Dallas, United States. “
Citizens Financial Group (NYSE:CFG) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $40.00 target price on the stock. According to Zacks, “Shares of Citizens Financial have outperformed the industry in the past three months. Further, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. The company continues to focus on its TOP V Program targets, which are anticipated to deliver pre-tax benefit of $90-$100 million by the end of 2019 and boost earnings. Also, strong capital position, expanding margins backed by rising interest rates and relaxed regulations will support its bottom line in the quarters ahead. However, significant exposure to commercial loans and several probes and litigations, which are expected to result in a rise in legal costs, remain concerns. Nevertheless, the company is likey to benefit from its improving credit quality.”
GEA Group Aktiengesellschaft (ETR:G1A) was given a €23.00 ($26.74) price target by analysts at JPMorgan Chase & Co.. The firm currently has a neutral rating on the stock.
Total System Services (NYSE:TSS) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Total System Services’ strong organic revenue growth reflects exceptional execution of strategic goals. The company’s merchant acquiring services have consistently been in focus given the growth in direct businesses and higher sales productivity. Consistent generation of free cash flow enables business investments and enhances its financial flexibility. However, its shares have underperformed the industry in a year’s time. It has witnessed its 2019 earnings estimates move up over the last 30 days. Its revenues are likely to be dampened by the new consumer financial protection bureau rule that is expected to be implemented by April 2019. It expects 2019 net revenue to be negatively impacted by approximately $60 million to $65 million. The company also carries a high debt, which elevates financial risks. “
Westpac Banking (NYSE:WBK) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Westpac Banking Corp. provides a broad range of banking and financial services. The company offers general banking services to retail, commercial, and institutional customers and provides investment management and insurance. For institutional and international clients, Westpac provides working capital loans, trade financing, foreign currency loans, leveraged leasing, project finance loans, and interest rate and currency products. “
Western Digital (NASDAQ:WDC) was upgraded by analysts at Zacks Investment Research from a strong sell rating to a hold rating. According to Zacks, “Western Digital is one of the largest HDD producers in the U.S. Strong demand for hard drive and NAND-based products across all categories of customers, is a key catalysts.Further, robust adoption of NVMe client SSDs, iNAND solutions and new design wins remain other positives. Western Digital is also significantly benefiting from synergies related to SanDisk and HGST acquisitions. The company’s strength in BiCS3 and BiCS4 offerings deserve a special mention. We believe that new enhancements to its data center storage portfolio and other product rollouts add to the positives. However, the company intends to temporarily reduce flash output. Further, sluggishness in client compute hard drives demand and weakness flash storage market remains a headwind. Moreover, stiff competition from peers with pricing pressure adds to woes. Shares of the company have underperformed the industry over the past one year.”
Woodward, Inc.Common Stock (NASDAQ:WWD) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $108.00 target price on the stock. According to Zacks, “Woodward is bullish on its performance and outlook on the back of enhanced operational execution and delivery of superior shareholder value. Moreover, the company’s strategy to become a systems integrator has increased contract flow substantially, enabling it to capture a larger market share in the wide-body commercial aircraft field. Woodward’s Aerospace segment is expected to deliver strong performance driven by healthy global passenger and cargo growth. In Industrial markets, it is witnessing robust improvement in distributed power for data center applications. Woodward L’Orange is likely to continue to boost Industrial segment with respect to both sales and earnings. The stock has also outperformed the industry over the past year on average. However, Woodward is witnessing demand-related challenges in the industrial gas and turbine market due to higher penetration and greater energy efficiency of renewables.”
Yum China (NYSE:YUMC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $49.00 target price on the stock. According to Zacks, “Shares of Yum China have outperformed the industry in the past three months. We expect the company to remain on growth trajectory after its last quarter earnings surpassed the Zacks Consensus Estimate. The company gained from accelerated store openings and robust performance at KFC. Total system sales in the reported quarter improved, owing to system sales growth at KFC, partially offset by a decline in Pizza Hut. The company’s differentiated menu offerings across restaurants and enhanced focus on delivery system are the major top-line drivers. Continual expansion through unit openings also bodes well. However, increased costs from labor, rent and operational initiatives may hurt the company’s margins. Further, a lesser franchised business model and slowdown in comps at Pizza Hut division remain concerns.”
Zymeworks (NYSE:ZYME) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $17.00 price target on the stock. According to Zacks, “Zymeworks Inc. is a clinical-stage biopharmaceutical company. It engages in the discovery, development, and commercialization of bio-therapeutics for the treatment of cancer in Canada. The companys lead product candidate includes ZW25 and ZW33 which are in clinical trial stage. Zymeworks Inc. is headquartered in Vancouver, Canada. “
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