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COST

Costco Wholesale (NASDAQ:COST) has been the subject of 37 analyst ratings over the past quarter, with opinions ranging from bullish to bearish. The average 12-month price target for COST is $621.95, with a high estimate of $725.00 and a low of $502.00, marking a 5.73% increase from the previous average target of $588.27. Analysts have made various adjustments to their ratings and price targets, with the majority raising their targets. Costco's market capitalization is above industry averages, but it has seen a -26.78% decline in revenue growth over the past 3 months. Despite this, the company maintains strong profitability indicators such as a net margin of 2.75%, ROE of 6.21%, and ROA of 2.23%, with a conservative debt-to-equity ratio of 0.36.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:00 pm

TRV

Travelers Companies (NYSE:TRV) received mixed analyst ratings in the latest quarter with 7 analysts providing their insights. The average 12-month price target for TRV is now $185.43, up from $184.40, with a high estimate of $215.00 and a low of $172.00. Analysts have made various adjustments to their ratings and price targets, reflecting their views on the company's market position and financial performance. Travelers Companies has shown a revenue growth rate of 14.21% as of September 30, 2023, but lags behind industry peers and has below-average net margin, ROE, and ROA, along with a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:00 pm

WGO

Winnebago Industries, Inc. (NYSE:WGO) reported a 19.9% Y/Y decline in Q1 FY24 sales to $763 million, surpassing consensus estimates. The decline was attributed to lower unit sales, product mix changes, and increased discounts. The Towable RV segment saw a 4.8% drop, while the Motorhome RV and Marine segments decreased by 28.0% and 33.5%, respectively. Gross profit fell by 27.8% Y/Y, and operating income decreased by 54.5%. Adjusted EPS of $1.06 missed the consensus of $1.17. The company has $593.1 million in debt and used $21.4 million in cash for operations. Despite this, $50 million was returned to shareholders, and investments were made in innovation and IT. The CEO remains optimistic about market improvements in mid to late 2024. WGO shares fell by 1.72% to $73.85.

Portfolio Pulse from Nabaparna Bhattacharya

December 20, 2023 | 5:16 pm

AGRI

BLUE

CCO

KULR

POL

PRZO

U.S. stocks saw modest gains with the Dow Jones up 0.06%, NASDAQ up 0.23%, and S&P 500 up 0.05%. The U.S. current account deficit narrowed by 7.6% to $200.3 billion in Q3. In stock movements, Polished.com Inc. (POL) surged 65% after a shareholder called for collaborative action, ParaZero Technologies Ltd. (PRZO) jumped 77% following the completion of a safety solution for a major automotive manufacturer's drone program, and Clear Channel Outdoor Holdings, Inc. (CCO) gained 10% after appointing a new CFO and reaffirming FY23 guidance. Conversely, bluebird bio, Inc. (BLUE) plummeted 44% due to a public stock offering, KULR Technology Group, Inc. (KULR) fell 28% after pricing a public stock offering, and AgriFORCE Growing Systems Ltd. (AGRI) dropped 27% following a filing for a stock offering by selling stockholders. Oil prices increased by 1%, while gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 5:01 pm

SUI

Sun Communities (NYSE:SUI) has been analyzed by 6 analysts in the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target for SUI is $128.17, a slight increase from the previous $126.60. Analyst actions include maintaining, raising, and lowering ratings and price targets. Sun Communities is a residential REIT with a portfolio of 670 properties and has shown a revenue growth of 5.06% as of September 30, 2023. The company's market capitalization is above industry average, and it has strong profitability indicators such as a net margin of 16.73% and ROE of 2.1%.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

RRR

Over the past three months, 6 analysts have provided diverse opinions on Red Rock Resorts (NASDAQ:RRR), with recent ratings showing 4 somewhat bullish and 2 indifferent stances. The average 12-month price target is $50.5, with a high of $55.00 and a low of $46.00, marking a 1.62% decrease in the average target. Analysts from Truist Securities, Morgan Stanley, JP Morgan, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Red Rock Resorts, a gaming and management company, faces revenue challenges with a -0.68% decline over 3 months but has strong profitability indicators such as an 8.63% net margin and a 31.81% ROE. However, its high debt-to-equity ratio of 26.86 raises financial leverage concerns.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

TSLA

The article discusses the potential benefits for Tesla (NASDAQ:TSLA) to build a Gigafactory in Argentina, highlighting the country's rich natural resources, including significant lithium reserves and renewable energy potential. It also notes the favorable regulatory environment, Argentina's history of innovation, and recent economic reforms that could attract foreign investment. The author, Felix Tesei, with experience in renewable energy, suggests that establishing a Gigafactory in Argentina could lead to lower production costs for electric vehicles and contribute to the region's economic and social development.

Portfolio Pulse from Benzinga Contributor

December 20, 2023 | 4:53 pm

LLY

NSRGY

NVO

Nestle S.A. CEO Mark Schneider stated that the use of weight loss drugs like Eli Lilly's Zepbound and Novo Nordisk's Wegovy has not affected coffee demand. He sees growth in health science, particularly in 'Active Nutrition,' which is strong in North America and will expand geographically. Nestle aims to innovate for GLP-1 patients' needs, with new launches planned for next year. NSRGY shares dropped slightly by 0.22% to $111.94.

Portfolio Pulse from Nabaparna Bhattacharya

December 20, 2023 | 4:06 pm

CSGP

CoStar Group (CSGP) is evaluated against its competitors in the Real Estate Management & Development industry. CSGP has a lower P/E and P/B ratio than the industry average, suggesting potential undervaluation. However, its P/S ratio is significantly higher, indicating possible overvaluation relative to sales. CSGP's ROE, EBITDA, and gross profit are below the industry average, while its revenue growth outperforms peers. The company's moderate debt-to-equity ratio suggests a balanced financial structure.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 4:00 pm

IFF

Analysts have provided mixed reviews for Intl Flavors & Fragrances (NYSE:IFF) over the last three months, with 8 different ratings ranging from bullish to bearish. The average 12-month price target has slightly increased to $77.5. Recent actions include both raised and lowered price targets and ratings by analysts from firms such as Stifel, Morgan Stanley, Argus Research, UBS, Wells Fargo, Barclays, and Redburn Atlantic. IFF's financial performance shows a revenue decline of -7.93% as of September 30, 2023, a net margin of 0.89%, an ROE of 0.14%, an ROA of 0.07%, and a debt-to-equity ratio of 0.65.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 4:00 pm