Streetbeat News

Revenues

LRCX

Five financial analysts have recently updated their ratings on Lam Research (NASDAQ:LRCX), with a mix of opinions ranging from bullish to indifferent. The average 12-month price target for LRCX is now $734.00, up from the previous $670.00, with a high estimate of $800.00 and a low of $700.00. Analysts from Barclays, Morgan Stanley, Redburn Atlantic, JP Morgan, and B. Riley Securities have made adjustments to their ratings and price targets. Lam Research, a major semiconductor equipment manufacturer, has shown a revenue decline of -31.38% over the last quarter but maintains a strong net margin of 25.48% and an ROE of 10.92%. The company's debt-to-equity ratio is 0.62, indicating a higher level of debt.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 7:01 pm

PG

Procter & Gamble (NYSE:PG) received mixed analyst ratings over the last three months, with 1 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is $161.8, up from $158.33. Barclays and Stifel adjusted their price targets, while Jefferies and DZ Bank announced new ratings. P&G's financials show strong revenue growth and net margin, but below-average ROE. The company's market cap and ROA are above industry standards, and it has a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 7:01 pm

NEAR-USD

NEAR Protocol (CRYPTO: NEAR) has seen a price decrease of 3.53% in the last 24 hours, now at $3.24, despite a weekly uptrend of 4.0%. The volatility is depicted through Bollinger Bands in the provided chart. Trading volume has dropped by 35.0%, while circulating supply increased by 0.21%, reaching 1.02 billion. NEAR's market cap is currently ranked #30, valued at $3.30 billion.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 7:01 pm

TAP

Molson Coors Beverage (NYSE:TAP) has received consistent 'Hold' ratings from five analysts in the past three months, with no change in sentiment in the last 30 days. The average 12-month price target for TAP has risen to $64.4, up from $61.00, with a high estimate of $70.00 and a low of $58.00. Analysts from Barclays, HSBC, Jefferies, Wedbush, and Deutsche Bank have provided recent evaluations, with some adjusting their price targets. Molson Coors, known for brands like Miller and Coors, has shown a revenue growth of 12.37% and a high net margin of 13.06%, but faces challenges with a below-average ROA and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 7:01 pm

BXP

Boston Properties (NYSE:BXP) received mixed analyst ratings over the last three months, with 1 bullish and 3 indifferent ratings. The average 12-month price target for BXP is now $73.5, up 12.21% from the previous $65.50. Analysts from Truist Securities and Piper Sandler adjusted their price targets, while Jefferies raised their target significantly. Boston Properties has shown a positive revenue trend with a growth rate of 4.27% as of September 30, 2023, but has a negative net margin of -13.57% and an ROE of -1.89%. The company's debt-to-equity ratio is high at 2.69.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 7:00 pm

CHCT

Community Healthcare Trust Inc (NYSE:CHCT) has been analyzed by 4 analysts, with ratings ranging from bullish to indifferent. The average 12-month price target is now $35.75, down from $41.50, with a high estimate of $40.00 and a low of $32.00. Analysts from Truist Securities, Piper Sandler, and Evercore ISI Group have all lowered their price targets. The company's financial performance shows a revenue growth of 15.83%, a net margin of 9.99%, an ROE of 0.56%, an ROA of 0.31%, and a debt-to-equity ratio of 0.78.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 7:00 pm

SPY

USO

The U.S. Energy Information Administration (EIA) reported that oil production from U.S. shale regions is expected to decrease by approximately 900 barrels per day in February, reaching 9.68 million barrels per day. This decline is a slight increase from the 600 barrels per day fall observed in January, according to Reuters citing EIA data.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:34 pm

SPY

USO

The U.S. Energy Information Administration (EIA) forecasts an increase in new well oil production per rig across major regions. The Bakken region is expected to produce 1,842 barrels/day, up from 1,833 barrels/day a month ago. The Permian region is forecasted to produce 1,346 barrels/day, an increase from 1,332 barrels/day. The Eagle Ford region's production is estimated at 1,634 barrels/day, up from 1,629 barrels/day previously.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:33 pm

SPY

USO

The U.S. Energy Information Administration (EIA) reported that oil production in the Permian Basin for February is expected to increase by 5,500 barrels per day, reaching a total of 5.974 million barrels per day. This is a slight decrease from the 6,200 barrels per day rise seen in January.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:32 pm

SPY

USO

The U.S. Energy Information Administration (EIA) reported that oil production from the Eagle Ford region is expected to decrease by 2,000 barrels per day in February, reaching 1.147 million barrels per day, compared to a decline of 1,400 barrels per day in January.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:31 pm