Streetbeat News

Equity Actions

BJ

Analyst ratings for BJ's Wholesale Club (NYSE:BJ) over the past three months have been consistently indifferent, with all five analysts giving a neutral stance. The average 12-month price target has been adjusted to $67.8, down from $71.00, indicating a 4.51% decline. The company's financial performance shows positive revenue growth and strong profitability metrics, despite a high debt-to-equity ratio. Analysts from firms including Gordon Haskett, Wells Fargo, Citigroup, Roth MKM, and Evercore ISI Group have provided recent evaluations, with price targets ranging from $63.00 to $72.00.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 1:00 pm

NYCB

New York Community Bancorp has appointed Alessandro (Sandro) Dinello as its Executive Chairman, effective immediately. This strategic move aims to leverage Dinello's extensive experience in the banking sector to guide NYCB through its next phase of growth and development.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:48 pm

TIPT

Fortegra Group, a subsidiary of Tiptree Inc. (TIPT), has decided to withdraw its planned initial public offering (IPO) due to the current market conditions. This decision reflects the company's assessment of the market environment and its potential impact on the IPO's success.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:48 pm

PEPG

PepGen announced the pricing of its offering of 7.53 million shares at $10.635 each, expecting to raise approximately $80.1 million before fees and expenses.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:39 pm

HUT

Hut 8 Corp announced the immediate departure of CEO Jaime Leverton and appointed Asher Genoot as the new CEO. This change follows the completion of the company's merger of equals, signaling a new strategic direction.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:31 pm

PHUN

Phunware has announced a public offering to sell shares of its common stock, though specific details of the offering were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:18 pm

CDW

CDW has announced a $750M increase to its share repurchase program. Over the past year, the company repurchased 2.6 million shares for about $358.7 million and acquired 168,464 shares for $23.5 million from employees as part of employee equity awards.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:10 pm

CRTO

Criteo's Board of Directors has approved a $150 million increase in its share buyback program, raising the total authorization to $630 million for repurchasing its American Depository Shares.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:07 pm

FMC

Analysts have provided diverse ratings for FMC (NYSE:FMC), with a recent shift towards more neutral stances. The average 12-month price target has been adjusted to $64.2, down from $69.29, reflecting a 7.35% decline. FMC's financial performance shows strong revenue growth, net margin, ROE, and ROA, but faces challenges in debt management. The company is a major player in the global crop protection industry, focusing on patented products and R&D for new biologicals.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 12:00 pm

EMR

Emerson Electric Co. (EMR) provided its Q2 and full-year 2024 financial outlook, forecasting adjusted EPS of $1.22 - $1.26 for Q2 and $5.30 - $5.45 for the full year. The company anticipates net sales growth of 12.5% - 14.5% in Q2 and 14.5% - 17.0% for the full year. Emerson also plans to return approximately $500 million to shareholders through share repurchases and pay out about $1.2 billion in dividends. The guidance includes various adjustments for amortization, restructuring costs, and other factors.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:58 am