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AVGO

Broadcom Inc (NASDAQ:AVGO) is analyzed against its semiconductor industry peers. With a P/E ratio lower than the industry average, it may be undervalued. However, its high P/B and P/S ratios suggest potential overvaluation relative to book value and sales. Broadcom's ROE is above the industry average, indicating strong returns on equity. Yet, its EBITDA, gross profit, and revenue growth are below industry averages, signaling financial challenges. Broadcom's high debt-to-equity ratio compared to top peers also indicates higher financial risk.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 4:00 pm

GOLF

Acushnet Holdings Corp (NYSE:GOLF) has received mixed analyst ratings over the past quarter, with 1 bullish and 3 indifferent ratings. The average 12-month price target for GOLF has increased to $60.00, up from $58.00, with a high estimate of $62.00 and a low of $58.00. Analysts from Truist Securities, Roth MKM, Morgan Stanley, and Compass Point have provided updates, with some raising and others lowering their price targets. Acushnet Holdings, known for its golf products, has shown strong financial performance with a revenue growth of 6.29%, a net margin of 9.66%, ROE of 5.89%, and ROA of 2.52%, but carries a debt-to-equity ratio of 0.64.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 4:00 pm

CWH

Four financial analysts have recently updated their ratings on Camping World Holdings (NYSE:CWH), with an average 12-month price target of $27.75, down from $28.33. Analysts' ratings range from 'Buy' to 'Overweight', with price targets varying from $25.00 to $30.00. The company faces revenue challenges with a 6.79% decline over 3 months, but excels in net margin and ROE, indicating strong financial health. However, its high debt-to-equity ratio of 23.53 poses financial risk.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 4:00 pm

CAH

Cardinal Health's stock is trading lower following the company's update on its FY24 adjusted EPS guidance and the reiteration of its long-term financial targets. Additionally, Cardinal Health announced a new $250 million share repurchase program set to begin in Q2.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:36 pm

HROW

Private Capital Management, LLC has disclosed a 10.34% ownership stake in Harrow, Inc. as of December 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:30 pm

VEEV

Veeva Systems Inc. (NYSE:VEEV) has seen a 6.8% increase in short interest since the last report, with 2.51 million shares sold short, representing 1.57% of available shares. It would take about 1.32 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Veeva has less short interest compared to its peers' average of 5.63%. This rise in short interest doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:30 pm

AEO

Analysts have updated their ratings and price targets for American Eagle Outfitters (NYSE:AEO), with an average 12-month price target of $18.57, up from $15.70. The company has shown positive revenue growth, a high net margin, and strong ROE and ROA, with a lower than average debt-to-equity ratio. The majority of analysts are currently indifferent, with one somewhat bearish, reflecting a cautious outlook.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 3:01 pm

ROMA

Roma Green Finance Limited (NASDAQ:ROMA), based in Hong Kong, has priced its public offering of 2,449,943 shares at $4.00 each, aiming to raise approximately $9.8 million before expenses. Additionally, a selling shareholder is offering 625,517 shares at the same price, totaling about $2.5 million in proceeds, which will not benefit the company. The shares are set to trade on Nasdaq under the symbol 'ROMA' starting January 9, 2024, with the offering expected to close by January 11, 2024. Spartan Capital Securities, LLC served as the sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:55 pm

CGC

Canopy Growth Corp's stock (CGC) is falling after announcing a $30 million private placement at $4.29 per unit. The deal includes common shares and warrants, with each warrant allowing the purchase of a share at $4.83. The expected closing date is around Jan. 10. The funds will be used to pay down debt and for general corporate purposes. CGC's stock dropped 11.1% to $4.48 following the news.

Portfolio Pulse from Adam Eckert

January 09, 2024 | 2:26 pm

EFTR

EFFECTOR Therapeutics' stock price is trading lower following the announcement of a 1-for-25 reverse stock split. This corporate action often indicates a company's attempt to boost its share price to meet exchange listing requirements or to attract more institutional investors. However, it can also be perceived negatively by the market as it may signal underlying issues with the company's fundamentals or a lack of positive growth prospects.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:16 pm