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Equity Actions

OPK

Opko Health's stock is trading lower following the announcement of a private offering of convertible senior notes due in 2029. This move could potentially dilute existing shareholders or increase the company's debt burden.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:14 pm

NWE

Four financial analysts have recently published ratings on NorthWestern Energy Group (NASDAQ:NWE), with an average 12-month price target of $54.00, down 10.99% from the previous average. Ratings range from neutral to overweight, with recent price target adjustments reflecting market conditions and company performance. NorthWestern Energy Group operates in the electricity and natural gas sectors in the Upper Midwest and Northwest U.S. The company's financial health shows a market capitalization below industry benchmarks, a revenue decline of -4.17%, and lower than average net margin, ROE, and ROA, but a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:01 pm

OMF

OneMain Holdings (NYSE:OMF) has received mixed analyst ratings over the past three months, with 4 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $47.33, with a high of $55.00 and a low of $38.00, reflecting a 3.41% decrease in the average target. Analysts from Wells Fargo, Barclays, RBC Capital, Piper Sandler, BMO Capital, and JP Morgan have adjusted their ratings and price targets, with one raising, four lowering, and one announcing a new rating. OneMain Holdings operates in nonprime consumer finance, with positive revenue growth, high net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:00 pm

QRVO

Analysts have provided mixed reviews for Qorvo (NASDAQ:QRVO) over the past three months, with recent ratings showing a more cautious stance. The average 12-month price target has decreased to $103.9 from $113.78, reflecting a bearish sentiment. Analysts from firms like Piper Sandler, Morgan Stanley, BMO Capital, Mizuho, JP Morgan, Raymond James, Barclays, Susquehanna, and Citigroup have adjusted their price targets and ratings, indicating a response to Qorvo's market performance and financial indicators such as revenue decline, below-average net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:00 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has been rated by 16 analysts in the past three months, with an average 12-month price target of $126.88, down from the previous $157.55. Ratings range from bullish to indifferent, with no bearish or somewhat bearish ratings. Analysts have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Enphase Energy's financials show a negative revenue trend with a -13.18% decline, but strong profitability with a net margin of 20.68% and high ROE and ROA. The company has a high debt-to-equity ratio of 1.28.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:00 pm

AEE

Six analysts have recently reviewed Ameren (NYSE:AEE), with an average 12-month price target of $79.5, down 3.28% from the previous average. Ratings range from neutral to overweight, with price target adjustments reflecting changes in market dynamics and company performance. Ameren's financials show a revenue decline of -10.67% over 3 months, but strong net margin and ROE. The company's market cap is below industry averages, and it has a lower debt-to-equity ratio, indicating conservative financial management.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 3:00 pm

AZZ

Traders are circulating information that Zacks Surprise Trader has purchased shares of AZZ Inc., which may influence the stock's trading activity.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:57 pm

CTGO

Leah Gaines has resigned as CFO of Contango ORE, effective January 1, 2024. Michael Clark has been appointed as the new CFO and Secretary of the company, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:57 pm

SOFI

SoFi Invest has announced a 2% match on all eligible IRA contributions through Tax Day 2024, doubling the previously announced 1% match from late 2023. This initiative aims to alleviate tax season anxiety for investors, particularly Gen X'ers, Millennials, and Gen Z who feel underinvested. SoFi Invest also offers tools and resources such as access to CFPs, fractional share trading, and educational content to support members' financial goals.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:39 pm

PEV

Phoenix Motor Inc. has settled obligations with vendors IAT Automobile Design LLC and Ultimate Automotive Engineering Inc. by entering into agreements to issue shares of common stock in lieu of cash payments. The agreements resolve disputes over performance and payments for electric vehicle design and maintenance services. Phoenix will issue shares valued at $1.24 each to IAT and UAE to settle outstanding payments of $952,606 and $738,406, respectively.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:30 pm