As the stock market has rallied since Donald Trump’s election in November, Constellation Brands (STZ) has basically sat it out, weighed down by concerns that a new tax plan would hurt the multinational alcoholic beverage company’s profits.
Agence France-Presse/Getty ImagesMorgan Stanley’s Dara Mohsenian and team, however, contend that those concerns are way overdone. They explain why:
While fundamentals clearly remain strong, the market has been more focused on potential risks from tax policy changes under the new Republican administration recently. This is a fair concern, as taxation risk from border adjustment taxes is certainly a wild card. However, we still view Constellation’s stock as very attractive here as our top beverage pick, as a) we believe the stock was the most undervalued vs its peers prior to tax risk emerging, and b) we believe the market is already pricing in tax policy risk. In terms of judging tax policy risk priced into Constellation’s stock, we estimate roughly 1,000 bps of stock under-performance since the election from tax policy risk (this is due to Constellation’s stock underperforming the median/average of our coverage universe by 600-700 bps since the election, despite much better than expected beer scanner data results which we assume would probably have driven a few hundred basis points of stock outperformance, for a net 1,000 bps or so of under-performance). Given: 1) our base case assumption of EPS impact in a border adjustment/tax change scenario assuming it passes is a -6% EPS impact and even a bear case is only a -19% EPS impact, and 2) we still believe a border adjustment policy is only about a 35% probability for numerous reasons, we see this stock pullback as overdone.
Top 10 Undervalued Stocks To Watch Right Now: Penumbra, Inc.(PEN)
Advisors' Opinion:- [By Joseph Griffin]
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- [By Shane Hupp]
Penumbra Inc (NYSE:PEN) insider James Robert Pray sold 8,125 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $138.34, for a total value of $1,124,012.50. Following the completion of the transaction, the insider now directly owns 1,578 shares in the company, valued at $218,300.52. The sale was disclosed in a legal filing with the SEC, which is available through this link.
- [By Stephan Byrd]
Penumbra (NYSE:PEN) released its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.08, Fidelity Earnings reports. Penumbra had a return on equity of 1.15% and a net margin of 3.65%. The business had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $90.98 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s revenue was up 40.3% compared to the same quarter last year.
- [By Logan Wallace]
Penumbra (NYSE: PEN) and Globus Medical (NYSE:GMED) are both mid-cap medical companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, institutional ownership, earnings, analyst recommendations, risk, profitability and valuation.
- [By Joseph Griffin]
Headlines about Penumbra (NYSE:PEN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penumbra earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5836260957262 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Top 10 Undervalued Stocks To Watch Right Now: Banco De Chile(BCH)
Advisors' Opinion:- [By Ethan Ryder]
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- [By Max Byerly]
Bitcoin Cash (CURRENCY:BCH) traded 3.3% lower against the US dollar during the one day period ending at 23:00 PM E.T. on August 25th. One Bitcoin Cash coin can now be bought for about $520.83 or 0.07863301 BTC on popular exchanges including Mercatox, BTCC, Bit2C and xBTCe. Bitcoin Cash has a market capitalization of $9.02 billion and approximately $268.90 million worth of Bitcoin Cash was traded on exchanges in the last day. Over the last week, Bitcoin Cash has traded down 5.9% against the US dollar.
- [By Joseph Griffin]
Shares of Banco de Chile (NYSE:BCH) have been given a consensus recommendation of “Sell” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $91.00.
- [By Joseph Griffin]
Banco de Chile (NYSE: BCH) and Cr AGRICOLE S A/ADR (OTCMKTS:CRARY) are both large-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, valuation, earnings, profitability, dividends, analyst recommendations and institutional ownership.
Top 10 Undervalued Stocks To Watch Right Now: Tableau Software, Inc.(DATA)
Advisors' Opinion:- [By Joseph Griffin]
Tableau Software Inc Class A (NYSE:DATA) Director William Bosworth sold 324 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $103.64, for a total transaction of $33,579.36. Following the sale, the director now owns 10,027 shares in the company, valued at approximately $1,039,198.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
- [By Leo Sun]
Domo's competitors include Microsoft (NASDAQ:MSFT), which integrates collaboration and productivity software into its cloud services, Tableau (NYSE:DATA), which offers data visualization and business analytics tools, and salesforce.com (NYSE:CRM), which provides a wide range of cloud services for businesses.
- [By Shane Hupp]
Garde Capital Inc. lifted its position in shares of Tableau Software Inc Class A (NYSE:DATA) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,087 shares of the software company’s stock after purchasing an additional 2,604 shares during the quarter. Garde Capital Inc.’s holdings in Tableau Software Inc Class A were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Max Byerly]
Get a free copy of the Zacks research report on Tableau Software (DATA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Undervalued Stocks To Watch Right Now: Shutterfly Inc.(SFLY)
Advisors' Opinion:- [By Ethan Ryder]
American Century Companies Inc. lifted its holdings in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 208.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,834 shares of the technology company’s stock after buying an additional 219,679 shares during the quarter. American Century Companies Inc. owned about 0.98% of Shutterfly worth $29,245,000 at the end of the most recent quarter.
- [By Joseph Griffin]
Shutterfly (NASDAQ:SFLY) SVP Satish Menon sold 3,980 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $94.76, for a total transaction of $377,144.80. Following the completion of the sale, the senior vice president now directly owns 28,980 shares in the company, valued at $2,746,144.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
- [By Shane Hupp]
Shares of Shutterfly (NASDAQ:SFLY) have received a consensus rating of “Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $80.57.
- [By Ethan Ryder]
Shutterfly, Inc. (NASDAQ:SFLY) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $91.50.
- [By Max Byerly]
Get a free copy of the Zacks research report on Shutterfly (SFLY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Undervalued Stocks To Watch Right Now: Applied Optoelectronics, Inc.(AAOI)
Advisors' Opinion:- [By Logan Wallace]
Applied Optoelectronics (NASDAQ:AAOI) shares rose 13.7% during mid-day trading on Wednesday . The stock traded as high as $40.67 and last traded at $40.62. Approximately 3,519,015 shares traded hands during trading, an increase of 153% from the average daily volume of 1,390,936 shares. The stock had previously closed at $35.72.
- [By Steve Symington]
Shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) were down 11.2% as of 3:15 p.m. EDT Tuesday after an analyst downgraded two of the communications equipment specialist's peers.
- [By Anders Bylund]
Shares of Applied Optoelectronics (NASDAQ:AAOI) closed 14.5% higher on Wednesday, having recorded a peak gain of 17.2% earlier in the trading session. An analyst firm issued an optimistic report on the stock based on good-looking checks among AAOI's data center customers.
- [By Joseph Griffin]
Here are some of the media headlines that may have impacted Accern’s rankings:
Get Dropbox alerts: Should Investors Listen To Analyst Recommendations? Dropbox, Inc. (DBX) (nasdaqplace.com) Hot Stock’s Highlights – Dropbox Inc (NASDAQ: DBX) (hotstockspotter.com) Dropbox, Inc. (DBX) stock price plummeted -9.82% (topdesertsafari.com) Wining Stocks: Dropbox, Inc., (NASDAQ: DBX), Applied Optoelectronics, Inc., (NASDAQ: AAOI) (globalexportlines.com) Dropbox Loses COO: Analysts Say Buy This Tech Unicorn Anyway (seekingalpha.com)NASDAQ:DBX opened at $28.97 on Wednesday. The company has a debt-to-equity ratio of -0.14, a current ratio of 0.70 and a quick ratio of 0.70. Dropbox has a 52-week low of $26.61 and a 52-week high of $43.50.
Top 10 Undervalued Stocks To Watch Right Now: Churchill Downs, Incorporated(CHDN)
Advisors' Opinion:- [By Logan Wallace]
BidaskClub upgraded shares of Churchill Downs (NASDAQ:CHDN) from a strong sell rating to a sell rating in a report released on Saturday morning.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Churchill Downs from a strong-buy rating to a hold rating in a research note on Tuesday, July 10th. Jefferies Financial Group set a $317.00 target price on Churchill Downs and gave the stock a hold rating in a research report on Monday, August 6th. Finally, ValuEngine cut Churchill Downs from a buy rating to a hold rating in a research report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Churchill Downs currently has an average rating of Hold and an average target price of $314.00.
- [By ]
Churchill Downs Inc (Nasdaq: CHDN) is known for its horse racing track in Kentucky but also owns nine casinos, four racetracks, a network of off-track betting sites and an online horse racing betting site. The individual casinos span eight states including population centers in New York, California, and Florida, and could all expand to sports betting as well.
- [By ]
Churchill Downs (CHDN) : "This has been a big winner for a long time. I'd wait for a dip, then buy some."
Devon Energy (DVN) : "They shot the lights out. They've got growth and are bigger than ever."
Top 10 Undervalued Stocks To Watch Right Now: Liberty Global plc(LBTYA)
Advisors' Opinion:- [By Joseph Griffin]
Diamond Hill Capital Management Inc. grew its holdings in shares of Liberty Global PLC Class A (NASDAQ:LBTYA) by 37.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 515,191 shares of the company’s stock after buying an additional 139,156 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Liberty Global PLC Class A were worth $14,188,000 at the end of the most recent reporting period.
- [By Stephan Byrd]
UBS Group upgraded shares of Liberty Global PLC Class A (NASDAQ:LBTYA) from a neutral rating to a buy rating in a research report report published on Friday morning, www.benzinga.com reports. They currently have $33.50 target price on the stock, down from their previous target price of $37.00.
- [By Ethan Ryder]
Liberty Global PLC Class A (NASDAQ:LBTYA) was the target of some unusual options trading activity on Monday. Investors acquired 1,977 put options on the company. This is an increase of approximately 1,312% compared to the average daily volume of 140 put options.
- [By Stephan Byrd]
Liberty Global (NASDAQ: LBTYA) is one of 32 public companies in the “Cable & other pay television services” industry, but how does it contrast to its competitors? We will compare Liberty Global to related companies based on the strength of its institutional ownership, analyst recommendations, dividends, valuation, risk, profitability and earnings.
- [By Ethan Ryder]
BidaskClub cut shares of Liberty Global (NASDAQ:LBTYA) from a hold rating to a sell rating in a report released on Tuesday.
LBTYA has been the topic of a number of other research reports. Jefferies Group reiterated a buy rating on shares of Liberty Global in a research report on Thursday, March 15th. Sanford C. Bernstein upgraded Liberty Global from a market perform rating to an outperform rating and set a $41.00 price objective on the stock in a research report on Wednesday, March 14th. ValuEngine downgraded Liberty Global from a sell rating to a strong sell rating in a research report on Thursday, March 1st. Citigroup set a $43.00 price objective on Liberty Global and gave the stock a buy rating in a research report on Thursday, February 22nd. Finally, Macquarie reiterated an outperform rating and set a $45.00 price objective (up previously from $41.00) on shares of Liberty Global in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $41.46.
Top 10 Undervalued Stocks To Watch Right Now: NEW GOLD INC.(NGD)
Advisors' Opinion:- [By Shane Hupp]
News articles about New Gold (NASDAQ:NGD) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Gold earned a news impact score of 0.01 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.1175522193993 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
- [By Travis Hoium]
Shares of miner New Gold Inc. (NYSEMKT:NGD) jumped as much as 19.4% in trading early Wednesday after the company announced a leadership change. Shares were hitting their high at 11:05 a.m. EDT and seemed to be gaining momentum.
- [By Paul Ausick]
New Gold Inc. (NYSEAMERICAN: NGD) dropped about 3.8% Thursday to post a new 52-week low of $2.28. Shares closed at $2.37 on Wednesday and the stock’s 52-week high is $4.25. Volume was about 15% below the daily average of around 5.9 million shares. The company had no specific news.
Top 10 Undervalued Stocks To Watch Right Now: Neuberger Berman MLP Income Fund Inc.(NML)
Advisors' Opinion:- [By Ethan Ryder]
New Millennium Iron Corp (TSE:NML)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 21500 shares traded. The stock had previously closed at C$0.07.
- [By Logan Wallace]
Neuberger Berman MLP Income Fund Inc (NYSEAMERICAN:NML) declared a monthly dividend on Monday, October 1st, Wall Street Journal reports. Investors of record on Monday, December 17th will be given a dividend of 0.055 per share by the investment management company on Monday, December 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date is Friday, December 14th.
Top 10 Undervalued Stocks To Watch Right Now: MRC Global Inc.(MRC)
Advisors' Opinion:- [By Ethan Ryder]
Mercantile Investment Trust PLC (LON:MRC) insider Graham Kitchen purchased 23,620 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was acquired at an average cost of GBX 217 ($2.89) per share, for a total transaction of £51,255.40 ($68,240.45).
- [By Max Byerly]
Get a free copy of the Zacks research report on MRC Global (MRC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Get a free copy of the Zacks research report on MRC Global (MRC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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