Streetbeat News

Stock Prices

CTRA

Coterra Energy announced during a conference call that they do not plan to bring any projects online in the Marcellus region during Q2, leading to lower gas volumes quarter-over-quarter before stabilizing in the second half of 2024. The company is currently operating with one rig and one reduced frac crew in the Marcellus, focusing on decelerating activity and reducing costs due to challenging near-term gas markets.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 2:07 pm

AGCO

Recent analyst ratings for AGCO (NYSE:AGCO) show a mix of bullish and somewhat bullish perspectives, with a shift in sentiment over the last three months. The average 12-month price target for AGCO has been adjusted to $145.6, down from $148.50, indicating a slight decrease in analyst expectations. Key financial indicators suggest AGCO is performing well in terms of net margin, ROE, and ROA, but faces challenges in revenue growth and market capitalization. Analysts from Truist Securities, Oppenheimer, and JP Morgan have updated their ratings and price targets, reflecting their views on AGCO's market performance and financial health.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:01 pm

SHAK

Analysts have updated their ratings on Shake Shack (NYSE:SHAK), with 22 analysts offering a diverse range of perspectives from bullish to bearish over the last three months. The average 12-month price target for SHAK has been raised to $109.59, up 23.13% from the previous $89.00, with a high estimate of $125.00 and a low of $80.00. Recent analyst actions include upgrades and maintains, reflecting a generally positive outlook on the company's performance, which has shown solid revenue growth of approximately 20.0% as of December 31, 2023, and an exceptional net margin of 2.52%, despite a below-average return on equity (ROE) of 1.68% and return on assets (ROA) of 0.46%.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:01 pm

MEDP

Over the past 5 years, Medpace Holdings (NASDAQ:MEDP) has significantly outperformed the market, with an annualized return of 47.25%, turning a $100 investment into $676.82. The company now has a market capitalization of $12.28 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:00 pm

CHD

Analysts have mixed views on Church & Dwight Co (NYSE:CHD), with ratings ranging from bullish to bearish among 16 experts. The average 12-month price target is $105.56, showing a 6.84% increase from the previous target of $98.80. Recent actions by analysts include various rating upgrades and price target adjustments, reflecting a generally positive outlook on the company's performance. Church & Dwight, known for its diverse product portfolio including the Arm & Hammer brand, has shown a revenue growth of 6.41% and maintains a strong net margin of 10.06%, despite having a market capitalization below industry averages and lower than average ROE and ROA.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:00 pm

META

Meta Platforms (NASDAQ:META) has significantly outperformed the market with an average annual return of 22.96% over the past 10 years, turning a $100 investment into $781.79 today. The company's market capitalization stands at $1.14 trillion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:00 pm

HWM

Truist Securities analyst Michael Ciarmoli has maintained a Buy rating on Howmet Aerospace (NYSE:HWM) and increased the price target from $74 to $88.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:58 pm

PTON

There was a notable options activity for Peloton Interactive, with a sweep of 35 calls for the October 18 expiration at a $6 strike price. The volume of 1,773 contracts at $0.43 each was observed near the ask price, compared to an open interest of 942 contracts, with Peloton's stock reference price at $3.55.

Portfolio Pulse from Charles Gross

May 03, 2024 | 1:50 pm

BULD

PRLB

PRNT

Proto Labs, Inc. (NYSE:PRLB) reported a first-quarter FY24 revenue increase of 1.6% Y/Y to $127.89 million, surpassing the consensus of $124.68 million. The company saw growth in its Protolabs Network revenue by 38.9% Y/Y to $23.9 million, expanded adjusted gross margin to 45.6%, and improved adjusted operating income and EBITDA. Adjusted EPS was $0.40, beating the consensus of $0.31. The company also repurchased $16.0 million of common stock. For Q2, Proto Labs expects revenue between $122 million-$130 million and adjusted EPS of $0.30-$0.38. PRLB shares rose by 5.59% to $32.88. Exposure to Proto Labs stock can also be gained through 3D Printing ETF (BATS:PRNT) and Pacer BlueStar Engineering The Future ETF (NASDAQ:BULD).

Portfolio Pulse from Lekha Gupta

May 03, 2024 | 1:48 pm

AVGO

Recent options trading activity indicates a bullish sentiment among big money investors towards Broadcom (NASDAQ:AVGO), with a notable volume of trades and a price target range from $700 to $1520. The company, a major player in the semiconductor and software industries, has seen its stock price increase by 1.23% to $1253.82. Analysts have issued positive ratings, with a consensus target price of $1540, despite some downward revisions. The next earnings report is expected in 27 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:46 pm