Streetbeat News

Analyst Ratings

ICE

Intercontinental Exchange Inc.'s (NYSE:ICE) stock price is currently at $115.85, after a 0.19% drop. However, the stock has increased by 4.18% over the past month and by 16.46% over the past year. The company's P/E ratio of 44.81 is lower than the Capital Markets industry average of 64.97, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:30 pm

GXO

Oppenheimer analyst Scott Schneeberger has increased the price target of GXO Logistics Inc (NYSE:GXO) to $76 from $67 with an Outperform rating. Despite concerns about slowing consumer discretionary activity, the analyst expects GXO to be the only transportation/logistics company to grow revenue in Q2 and 2023. The Q2 adjusted EBITDA estimate has been increased to $178 million, with expectations of margin improvement due to a decline in initial variable expense, improving efficiency, and Clipper acquisition integration synergies.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 5:23 pm

SHOP

A significant number of investors have taken a bearish stance on Shopify (NYSE:SHOP), with 68% of detected trades being bearish. Whales have been targeting a price range from $36.0 to $75.0 for Shopify over the last 3 months. The price of SHOP is currently up 1.01% at $67.94. Several financial institutions have downgraded their ratings on Shopify, while others have maintained their ratings.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:16 pm

SQ

A significant number of bearish trades have been observed in Block (NYSE:SQ) options, with 77% of investors taking a bearish stance. The targeted price range for Block over the last 3 months has been $32.5 to $140.0. The current price of SQ is $78.77, down 0.33%. Analysts from Truist Securities and Keybanc have maintained their Buy and Overweight ratings on Block respectively.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:16 pm

AAPL

Dan Ives, a well-known tech analyst, tweeted about Apple's potential move into AI, suggesting that it's a matter of when, not if, they release rival AI capabilities. He also predicted the deployment of an Apple AI App Store.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 5:10 pm

C

CCI

MS

SF

CNBC's final trades segment mentioned Stifel Financial, Crown Castle, Morgan Stanley, and Citigroup. The segment typically discusses stocks that are expected to perform well in the short term.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 5:03 pm

ZWS

In the last quarter, Zurn Elkay Water (NYSE:ZWS) received 6 bullish ratings from analysts. The company's average 12-month price target is $29.33, which has increased by 11.1% over the past month. No bearish or indifferent ratings were observed.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:02 pm

EQR

Over the past 3 months, 10 analysts have published their opinion on Equity Residential (NYSE:EQR) stock. The company has an average price target of $67.6, an increase of 1.75% from the previous average price target of $66.44. The ratings are mixed with 1 bullish, 2 somewhat bullish, 6 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:02 pm

TROX

Tronox Holdings (NYSE:TROX) has received mixed analyst ratings in the last quarter, with one each for bullish, somewhat bullish, indifferent, and somewhat bearish. The average price target is $14.75, a slight upside from the current price of $14.575. This average has decreased by 14.89% from the previous average price target of $17.33.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:01 pm

ELS

RBC Capital has maintained its Sector Perform rating for Equity Lifestyle Props (NYSE:ELS) but lowered its price target from $70.00 to $69.00. ELS shares are currently trading up 1.63% at $67.03 per share. A move to $69.00 would represent a 2.95% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:01 pm