Streetbeat News

Revenues

PPBI

Four financial analysts have recently updated their ratings on Pacific Premier Bancorp (NASDAQ:PPBI), with an average 12-month price target of $27.75, up 13.27% from the previous $24.50. The ratings range from 'Outperform' to 'Market Perform', with price targets varying from $25.00 to $31.00. Pacific Premier Bancorp faces challenges with revenue decline, below-average net margin, ROE, and ROA, but has a sound debt-to-equity ratio. Analysts' ratings are based on comprehensive analysis and are important for investors, though subject to human error.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 12:00 pm

SLG

SL Green Realty (NYSE:SLG) has received mixed evaluations from 11 analysts over the last three months, with sentiments ranging from bullish to bearish. The average 12-month price target for SLG has increased by 10.07% to $44.91, with a high estimate of $58.00 and a low of $35.00. Analysts from firms including Deutsche Bank, Piper Sandler, Truist Securities, Goldman Sachs, Barclays, and BMO Capital have updated their ratings and price targets, reflecting their views on the company's market conditions and performance. SL Green Realty, a large Manhattan property owner and landlord, has shown a revenue growth of 22.23% but has below-average net margin and ROE, indicating potential profitability and efficiency challenges.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 12:00 pm

BK

Bank of New York Mellon (NYSE:BK) received mixed analyst ratings over the past three months, with a total of 1 bullish, 1 somewhat bullish, 1 indifferent, and 1 somewhat bearish rating. The average 12-month price target for BK is $56.62, marking an 11.74% increase from the previous target of $50.67. Analysts from Morgan Stanley, UBS, and JP Morgan have raised their price targets, with Morgan Stanley also issuing an underweight rating. BNY Mellon is a global investment company with $44.3 trillion in custody and administration and $1.8 trillion in assets managed. However, the company has seen a -1.45% decline in revenue growth and below-average net margin and ROE, indicating potential profitability and efficiency challenges.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 12:00 pm

CUBE

CubeSmart (NYSE:CUBE), a self-storage REIT, has received mixed analyst ratings over the past quarter with 1 bullish, 1 somewhat bullish, 3 indifferent, and 1 bearish. The average 12-month price target is $45.5, reflecting a 10.44% increase from the previous $41.20. Analysts from Deutsche Bank, Jefferies, Truist Securities, BMO Capital, Wells Fargo, and Evercore ISI Group have adjusted their ratings and price targets. CubeSmart's financials show a positive revenue trend, exceptional net margin, and strong ROA, but a lower ROE and market capitalization compared to industry peers.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 12:00 pm

TM

TSLA

Tesla Inc's Model Y has become the world's best-selling vehicle model and the first EV to achieve this status, with over 1.2 million units delivered in 2023. This milestone was predicted by CEO Elon Musk in 2021 and has been confirmed with official data. Despite this, Toyota Motor Co maintained its position as the top global car seller overall, with over 11.2 million units sold in 2023. Tesla's automotive revenue reached $82.42 billion, a 15% increase from the previous year, with the Model Y starting at a reduced price of $43,990.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 11:51 am

JBLU

JetBlue Airways is implementing new revenue and cost initiatives aimed at restoring profitability by 2024. The airline is taking aggressive action, which includes launching $300 million worth of revenue initiatives.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:38 am

JBLU

JetBlue forecasts a Q1 revenue decline of 9.0% to 5.0% year-over-year, but expects revenue to be approximately flat for the full year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:35 am

JBLU

JetBlue Airways Corp. reports positive momentum in revenue growth, with strong demand during peak travel periods. This indicates a robust recovery in the travel sector and could signal increasing financial performance for the airline.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:34 am

PHM

PulteGroup reported a significant increase in Q4 net new orders, up 57% to 6,214 homes, with the dollar value rising 56% to $3.4 billion. The growth is attributed to an improved selling environment and a reduction in cancellations, which fell to 9% from 11% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:34 am

CRVL

CorVel Corporation (NASDAQ: CRVL) reported a 3.13% increase in Q3 EPS to $0.99, up from $0.96 YoY, and a 12.78% increase in sales to $202.30M, up from $179.39M YoY.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:18 am