Streetbeat News

Equity Actions

CASY

Casey's General Stores (NASDAQ:CASY) received mixed analyst ratings over the last quarter, with 4 analysts offering varied opinions. The average 12-month price target for CASY is $309.5, reflecting a 3.86% increase from the previous target of $298.00. Analysts from Benchmark, Stephens & Co., RBC Capital, and BMO Capital have provided ratings and adjusted price targets, with the highest target set at $340.00 by Stephens & Co. Casey's operates over 2,500 convenience stores and has shown solid revenue growth, strong net margin, and excellent ROE and ROA, indicating good financial health and efficient management. The company's market capitalization is above industry averages, and it has a lower than average debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 4:00 pm

CABO

CHTR

CMCSA

Charter Communications (NASDAQ:CHTR) is analyzed against industry competitors, showing a low PE ratio, high PB ratio, low PS ratio, high ROE, EBITDA, and revenue growth, but lower gross profit and a high debt-to-equity ratio. These factors suggest CHTR may be undervalued with strong profitability and growth potential, but also indicate potential financial risk due to high debt levels.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 4:00 pm

CDW

CDW Corp (NASDAQ:CDW) is analyzed in comparison to its competitors in the Electronic Equipment, Instruments & Components industry. CDW trades at a premium with higher P/E, P/B, and P/S ratios than the industry average. It has a higher ROE, indicating efficient profit generation, and its EBITDA and gross profit are significantly above the industry average. However, CDW's revenue growth is negative and below the industry average. The company also has a higher debt-to-equity ratio compared to its top 4 peers, suggesting increased financial risk.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 4:00 pm

CVS

CVS Health (NYSE:CVS) has experienced an 11.3% increase in short interest since the last report, with 16.45 million shares sold short, representing 1.28% of available shares. It would take about 2.42 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. CVS Health's short interest is below its peer group average of 8.87%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:45 pm

TSP

TuSimple, a self-driving truck company, has announced its intention to delist from the Nasdaq stock exchange, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:30 pm

ALEC

Alector, Inc. (ALEC) announced the pricing of a $75 million public offering, which includes 10,869,566 shares of common stock. This has led to a decrease in the trading price of Alector's shares.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:21 pm

BCEL

DATS

LQR

MIMO

PHUN

TSP

U.S. stocks traded lower with the Nasdaq Composite dropping over 200 points. Utilities shares rose slightly, while communication services shares fell by 1.6%. U.S. retail sales increased by 0.6% in December. Airspan Networks (MIMO) surged 300% due to a new partnership, LQR House (LQR) rose 23% after increasing its share buyback program, and Atreca (BCEL) gained 22%. Conversely, TuSimple Holdings (TSP) announced its intention to delist from Nasdaq, causing a 53% drop. Phunware (PHUN) and DatChat (DATS) fell 44% and 39%, respectively, after announcing pricing of their offerings.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 3:20 pm

INTU

Intuit Inc. (NYSE:INTU) has seen a decrease in short interest, with the short percent of float falling 7.74% since the last report. The company has 4.24 million shares sold short, which is 1.55% of available shares for trading. The current short interest is lower than the peer group average of 3.16%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:15 pm

BXMT

Muddy Waters Research has responded to a post regarding their analysis of Blackstone Mortgage Trust's (BXMT) rent calculations. The response highlights the criticism Muddy Waters faced for examining 'as-is' versus 'stabilized' rents in BXMT's financials, as discussed in a podcast with 'KC an Old Time REITster' and Carson Block.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:03 pm

PSFE

Paysafe (NYSE:PSFE) has received mixed ratings from 4 analysts in the last three months, with the latest sentiment being bullish. The average 12-month price target is $14.18, down 5.15% from the previous $14.95. Analysts from BTIG, B of A Securities, Susquehanna, and UBS have provided ratings ranging from 'Buy' to 'Sell' with corresponding price targets. Paysafe's financials show a lower market cap compared to industry averages, a revenue growth of 8.31%, a net margin of -0.64%, an ROE of -0.29%, an ROA of -0.05%, and a high debt-to-equity ratio of 2.9.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 3:00 pm