Streetbeat News

Equity Actions

RCL

Analyst ratings for Royal Caribbean Gr (NYSE:RCL) show a mix of bullish to bearish sentiments. Over the last quarter, 10 analysts provided ratings with 5 bullish, 3 somewhat bullish, and 2 indifferent. The 12-month price targets have an average of $123.0, with a high of $155.00 and a low of $95.00, reflecting a slight increase from the previous average of $122.43. Recent analyst actions include adjustments to ratings and price targets, with some maintaining their positions while others raise or lower their targets. Royal Caribbean operates 64 ships and has 10 more on order, with a market cap above industry average, a revenue growth rate of 39.0%, a net margin of 24.25%, but an ROE and ROA below industry standards, and a debt-to-equity ratio of 4.65.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 12:01 pm

PODD

Insulet (NASDAQ:PODD) has been analyzed by 7 analysts, showing a range of opinions. The average 12-month price target is $213.29, with a high of $250 and a low of $162, marking a 13.71% decrease in the average target. Analysts from firms like Baird, Morgan Stanley, Piper Sandler, JP Morgan, Leerink Partners, and Jefferies have adjusted their ratings and price targets. Insulet's financials show strong revenue growth and ROE, but a high debt-to-equity ratio and below-average net margin.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 12:00 pm

AGI

Alamos Gold Inc. has announced its intention to file and has received acceptance from the Toronto Stock Exchange for a Normal Course Issuer Bid (NCIB) to repurchase up to 34,485,405 of its Class A common shares for cancellation.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:57 am

IREN

Iris Energy has announced that its expansion to 10 EH/s is fully funded after successfully completing its targeted equity raising program. This development is expected to enhance the company's Bitcoin mining capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:07 am

TPH

Tri Pointe Homes has initiated a new stock repurchase program valued at up to $250 million, effective until December 31, 2024. This program supersedes the previous repurchase plan set in February 2023.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:03 am

E

Eni has reached an agreement with Energy Infrastructure Partners (EIP) for an investment in Plenitude. EIP will invest up to €0.7 billion for a 9% stake post-transaction, with an initial capital increase of €0.5 billion. This deal values Plenitude's equity at around €8 billion and the enterprise at over €10 billion.

Portfolio Pulse from Charles Gross

December 21, 2023 | 10:18 am

CRH

CRH has announced the final tranche of its $3 billion share buyback program, with a $300 million repurchase of ordinary shares listed on the New York Stock Exchange. The buyback, facilitated by Citigroup Global Markets Inc., will start on December 21, 2023, and conclude by February 28, 2024. This marks the completion of the program initially announced on March 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:37 am

CSTA

Constellation Acquisition Corp I has announced its intention to voluntarily delist its ordinary shares, warrants, and units from the stock exchange.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:18 am

MBRX

Moleculin Biotech, Inc. has announced a registered direct offering and concurrent private placement priced at-the-market, raising $4.5 million. The company will sell 7,044,836 shares of common stock or pre-funded warrants to an institutional investor and some executives and directors. Additionally, unregistered warrants to purchase up to 14,089,672 shares of common stock will be issued. The effective offering price is $0.64 per share/warrant for the institutional investor and $0.69 for the executives and directors.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:05 am

LVS

The NBA Board of Governors has initiated the process for Mark Cuban to sell his majority stake in the Dallas Mavericks. Potential buyers include Miriam Adelson and the Las Vegas Sands Casino family. The Adelson family is selling $2 billion of their Las Vegas Sands Corp stake to finance the purchase of a sports team. Cuban is expected to retain a 25% stake in the Mavericks and continue managing basketball operations.

Portfolio Pulse from Benzinga Neuro

December 21, 2023 | 5:50 am