Streetbeat News

Equity Actions

SPG

Simon Property Group (NYSE:SPG) received mixed analyst ratings over the past three months, with all five recent ratings being indifferent. The average 12-month price target for SPG has been raised to $145.6, reflecting a 5.35% increase from the previous target. Analysts from Truist Securities, Evercore ISI Group, and Morgan Stanley have raised their price targets, indicating a positive outlook on SPG's financial performance, which includes a notable revenue growth rate of 9.11% and a high net margin of 48.94%. However, the company's high debt-to-equity ratio of 8.89 poses a financial risk.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:00 pm

SCLX

Scilex Holding Co (SCLX) and Ya II PN have mutually agreed to terminate their Amended and Restated Standby Equity Purchase Agreement, initially dated February 8, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 5:49 pm

FRT

Over the past three months, 8 analysts have provided diverse ratings for Federal Realty Investment (NYSE:FRT), with recent evaluations showing a mix of bullish to indifferent sentiments. The average 12-month price target for FRT has been raised to $111.12, indicating a positive outlook. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to Federal Realty's market performance and financials. Despite its strong market presence and revenue growth, Federal Realty faces challenges in profitability, asset utilization, and delivering shareholder returns.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:01 pm

BRX

Recent analyst ratings for Brixmor Property Group (NYSE:BRX) show a mix of bullish and indifferent sentiments, with an updated average 12-month price target of $24.00, reflecting a 5.77% increase from the previous target. The company, a US-based REIT with a portfolio of grocery-anchored shopping centers, has seen varied financial performance, including below-industry average market capitalization and net margin, but notable revenue growth and a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:00 pm

ALVO

Alvotech's stock is trading lower following the announcement of a share capital increase by $130,000 through the issuance of 13,000,000 ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:40 pm

GME

GameStop (NYSE:GME) is anticipated to report Q4 earnings with a focus on profitability and Ryan Cohen's new role in investing company cash. Analysts expect $2.05 billion in revenue and earnings per share of 29 cents. A significant development is the Board's decision to allow investments in equity securities, overseen by CEO Ryan Cohen, which has been criticized by analysts. Investors are keen on GameStop's investment decisions, future growth opportunities, and the potential impact of digital sales shifts on the company.

Portfolio Pulse from Chris Katje

March 25, 2024 | 4:39 pm

JNJ

Johnson & Johnson (JNJ) is analyzed against its competitors in the Pharmaceuticals industry, showing potential undervaluation based on PE, PB, and PS ratios. Despite lower profitability indicators like ROE, EBITDA, and gross profit, JNJ exhibits strong revenue growth and a favorable debt-to-equity ratio, suggesting a solid financial position and potential for future performance.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm

CLH

Five analysts have recently shared their views on Clean Harbors (NYSE:CLH), showing a positive shift in sentiment with an average 12-month price target of $203.2, reflecting an 8.09% increase from the previous target of $188.00. The company's financial performance is strong, with a notable revenue growth rate of 4.7%, a net margin of 7.35%, and an ROE of 4.44%. Clean Harbors is recognized for its effective cost management and profitability, with a debt-to-equity ratio of 1.11 indicating a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm

KKR

KKR & Co Inc (NYSE:KKR) is analyzed against competitors in the Capital Markets industry, highlighting its financial metrics, market position, and growth prospects. KKR, with $552.8 billion in managed assets, shows potential for growth and undervaluation based on PE and PB ratios, despite a PS ratio suggesting overvaluation. Its ROE, EBITDA, gross profit, and revenue growth surpass industry averages, indicating strong financial performance and growth potential.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm

LRCX

The analysis compares Lam Research (LRCX) against competitors in the Semiconductors & Semiconductor Equipment industry, focusing on financial metrics and market position. Lam Research shows potential undervaluation based on its P/E ratio, but its P/B and P/S ratios suggest overvaluation. Its high ROE, EBITDA, and gross profit indicate efficient resource utilization and strong profitability, despite a significant revenue decline. The company's moderate debt-to-equity ratio suggests a balanced financial structure.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm