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MWA

Mueller Water Products shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:06 pm

ENS

Oppenheimer analyst Noah Kaye downgraded EnerSys (NYSE:ENS) to Perform from Outperform and removed the $113 price target due to a Q3 FY24 revenue miss and lower than expected Q4 FY24 guidance. The downgrade follows a reported adjusted EPS of $2.56, above estimates, but sales of $861.50 million fell short of the $898.87 million consensus. EnerSys' guidance for Q4 adjusted EPS is also below estimates. The telecom/broadband slowdown impacted multiple segments, with recovery expected in the second half of 2024.

Portfolio Pulse from Lekha Gupta

February 09, 2024 | 7:05 pm

MGX

Metagenomi, a biotechnology company, has opened its shares for trade at a price of $10.25.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 7:04 pm

IMXUSD

Immutable's cryptocurrency, IMX, saw a price increase of 5.65% in the last 24 hours, reaching $2.38. Over the past week, its price has risen over 8%, from $2.21. Despite a 32% drop in trading volume this week, the circulating supply of IMX increased by 0.65% to 1.36 billion, 67.77% of its max supply. Currently, IMX's market cap ranks #29 at $3.24 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 7:02 pm

INJUSD

Injective (CRYPTO: INJ) has seen a price increase of 6.16% in the last 24 hours, reaching $35.04, with a weekly gain of over 3.0% from $34.37. The coin's all-time high is $45.01. Trading volume for INJ has risen by 45.0% over the past week, despite a 0.1% decrease in circulating supply. Currently, INJ's market cap ranks #32 at $3.11 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 7:01 pm

STE

Steris (NYSE:STE) has been analyzed by 4 analysts, showing a shift towards a more bullish outlook with an average 12-month price target of $245.75, marking a 9.22% increase from the previous target. The company, a leader in sterilization services, shows solid revenue growth but lags in profitability and efficiency metrics compared to industry peers. Despite this, its lower debt-to-equity ratio suggests a healthier balance sheet.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 7:01 pm

PATK

Patrick Industries (NASDAQ:PATK) has received diverse analyst ratings over the last three months, with a shift towards more bullish perspectives. The average 12-month price target for PATK has increased to $112.2, reflecting a 17.8% rise from the previous target. Analysts from firms like Roth MKM, Keybanc, Truist Securities, and BMO Capital have raised their price targets, indicating a positive outlook on the company's performance. Despite this, Patrick Industries faces challenges with a -22.12% revenue growth decline, below-average net margin, ROE, and ROA, suggesting potential operational and profitability issues.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 7:00 pm

AI

PLTR

C3.ai, Inc. (NYSE:AI) shares have surged over 15% in the past five days, following Palantir Technologies, Inc.'s (NYSE:PLTR) strong Q4 earnings. C3.ai announced its annual AI conference, C3 Transform 2024, focusing on generative AI's impact on productivity and efficiency across industries. The event aims to showcase enterprise AI innovation and its value. C3.ai's stock has attracted significant attention from short-sellers and retail investors, becoming a top trending ticker. Currently, 41.01% of its shares are sold short. C3.ai's stock price has risen nearly 8% to $28.97.

Portfolio Pulse from Erica Kollmann

February 09, 2024 | 7:00 pm

PLD

Over the past 15 years, Prologis (NYSE:PLD) has produced an average annual return of 16.63%, outperforming the market by 3.55% on an annualized basis. With a current market capitalization of $125.06 billion, a $100 investment in PLD 15 years ago would be worth $900.89 today. This highlights the significant impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 7:00 pm

PFG

Principal Financial Group (NASDAQ:PFG) is scheduled to release its quarterly earnings report on February 12, 2024. Analysts predict an EPS of $1.68. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Shares are currently trading at $77.76, down 15.9% over the last year. Investors are keen on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 7:00 pm