Atwood Oceanics (ATW) was downgraded to “underperform” by Raymond James on September 14, 2016. Earlier, the firm had a “market perform” rating on the stock. On the same day, Scotia…
In the last article, we saw what analysts recommend for Seadrill. Analysts’ recommendations and target prices are based on expected forward earnings. Now, let’s look at how analysts view Seadrill’s…
Currently, 28 analysts give recommendations on Seadrill (SDRL). Of these, none have given a “buy” recommendation on the stock. Six analysts have given a “hold” recommendation, and 22 have a…
The first half of September was nothing new for offshore drillers—the fall that started more than a year ago continued.
The Financial Select Sector SPDR ETF (XLF), which serves as a barometer for US financial stocks, rose 3.9% in August.
One day after Kate Spade’s upgrade, Under Armour and Gap also came under scrutiny. On September 13, Nomura initiated coverage of UA with a “neutral” rating.
New York-based Kate Spade (KATE) was upgraded by Wells Fargo on September 12, 2016, to an “outperform” from a “market perform” rating.
Banks entered 2016 expecting four rounds of rate hikes. But things haven’t turned out that way. In this series, we’ll see what analysts are recommending for US banks.
Wells Fargo has been one of the most profitable banks in America. Its book value has grown twice that of JP Morgan and ten times that of Bank of America in the past ten years.
In a Bloomberg survey of 30 Wall Street (SPY) analysts, 16 (or 53%) of them assigned a “buy” rating to Goldman Sachs, and 13 (or 43%) rated it a “hold.”
Wall Street (SPY) analysts see value in buying JPMorgan shares at its current price of $66.30. In a Bloomberg survey of 37 analysts, 28 of them assigned “buy” ratings.
Currently, Wells Fargo (WFC) trades at a premium to its peers in the banking space. It has been one of the most profitable banks in America.
Wall Street analysts have been bullish on Citigroup (C) on its growth prospects and inexpensive valuations.
Wall Street (SPY) analysts have been bullish on Bank of America (BAC) shares on prospects of an interest rate (TLT) hike and cheap valuations.
Diamond Offshore Drilling (DO) is covered by 34 analysts. Of those, 6% have given it a “buy” recommendation, 56% a “hold,” and 38% a “sell.”
The Market has given a consensus rating of “sell” to Transocean (RIG). Of the 37 analysts covering the stock, only 5% have given it a “buy” recommendation.
Currently, 11 analysts give recommendations on Ocean Rig (ORIG). Of these, only one analyst, or 9%, has given the company a “buy” recommendation.
We’ve seen that most analysts are rating Seadrill (SDRL) a “sell.” Now we’ll see how analysts view Seadrill’s future revenue and EBITDA.
Currently, 27 analysts give recommendations on Seadrill (SDRL). Of these, none have given it a “buy” recommendation, six have given it a “hold,” and 21 have given it a “sell.”
The fall in offshore drilling stock prices in July isn’t surprising. It’s been a common phenomenon. Almost all offshore drillers are trading in negative territory in July.