FactSet Research Cuts FY24 View To Rev $2.2B-$2.21B
FactSet Research Cuts FY24 View To Rev $2.2B-$2.21B.
FactSet Research Cuts FY24 View To Rev $2.2B-$2.21B Read Post »
Financials
FactSet Cuts Fiscal-Year Revenue Outlook, Plans Cost Cuts
FactSet Research Systems trimmed its fiscal-year targets for revenue and adjusted earnings, and the data company said it plans to cut costs. The Norwalk, Conn.-based company, whose offerings include analytics and data products, is now targeting revenue of $2.2 billion to $2.21 billion, down from prior guidance of $2.21 billion to $2.23 billion. FactSet also cut its outlook for earnings to $13.95 a share to $14.35 a share, down from $14.20 a share to $14.70 a share. The company is targeting adjusted earnings of $15.60 a share to $16.00 a share, down from $15.65 a share to $16.15 a share. The company said it expects to book $10 million to $15 million in charges during its fiscal second quarter tied to cost cuts, including both variable costs and personnel-related costs.
FactSet Cuts Fiscal-Year Revenue Outlook, Plans Cost Cuts Read Post »
Citigroup (NYSE:C) Stock Analyst Ratings
Citigroup (NYSE:C) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 4.17% Goldman Sachs $47 → $52 Maintains Neutral 12/01/2023 -5.85% Goldman Sachs $41 → $47 Maintains Neutral 11/16/2023 70.27% Oppenheimer $82 → $85 Maintains Outperform 10/16/2023 -9.86% Piper Sandler $47 → $45 Maintains Neutral 10/16/2023 32.21% BMO Capital $61 → $66 Maintains Outperform 10/16/2023 64.26% Oppenheimer $81 → $82 Maintains Outperform 10/03/2023 -13.86% Morgan Stanley $45 → $43 Maintains Underweight 10/02/2023 -17.87% Goldman Sachs $47 → $41 Maintains Neutral 09/26/2023 62.26% Oppenheimer $85 → $81 Maintains Outperform 09/20/2023 -5.85% RBC Capital $51 → $47 Maintains Outperform 09/15/2023 -5.85% Piper Sandler $50 → $47 Maintains Neutral 09/07/2023 -13.86% HSBC → $43 Initiates Coverage On → Hold 08/23/2023 10.18% Wells Fargo $60 → $55 Maintains Overweight 08/18/2023 70.27% Oppenheimer $88 → $85 Maintains Outperform 07/18/2023 -9.86% Morgan Stanley $45 → $45 Reiterates Underweight
Citigroup (NYSE:C) Stock Analyst Ratings Read Post »
Goldman Sachs raises Citigroup (NYSE:C) price target from $47 to $52
Goldman Sachs analyst Richard Ramsden maintains Citigroup (NYSE:C) with a Neutral and raises the price target from $47 to $52.
Goldman Sachs raises Citigroup (NYSE:C) price target from $47 to $52 Read Post »
Goldman Sachs raises Morgan Stanley (NYSE:MS) price target from $89 to $100
Goldman Sachs analyst Richard Ramsden maintains Morgan Stanley (NYSE:MS) with a Buy and raises the price target from $89 to $100.
Goldman Sachs raises Morgan Stanley (NYSE:MS) price target from $89 to $100 Read Post »
Morgan Stanley (NYSE:MS) Stock Analyst Ratings
Morgan Stanley (NYSE:MS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 9.59% Goldman Sachs $89 → $100 Maintains Buy 11/28/2023 -12.33% Societe Generale → $80 Downgrades Buy → Hold 11/20/2023 -6.85% Exane BNP Paribas → $85 Downgrades Outperform → Neutral 11/16/2023 12.88% Oppenheimer $98 → $103 Maintains Outperform 10/23/2023 -13.26% Odeon Capital → $79.15 Downgrades Buy → Hold 10/20/2023 — Wolfe Research Upgrades Underperform → Peer Perform 10/19/2023 6.3% Evercore ISI Group $102 → $97 Maintains Outperform 10/19/2023 10.68% BMO Capital $102 → $101 Maintains Outperform 10/19/2023 7.4% Oppenheimer $100 → $98 Maintains Outperform 10/11/2023 -7.95% UBS $110 → $84 Downgrades Buy → Neutral 10/05/2023 0.82% JP Morgan $93 → $92 Maintains Overweight 09/26/2023 9.59% Oppenheimer $105 → $100 Maintains Outperform 09/25/2023 -1.37% RBC Capital → $90 Reiterates Sector Perform → Sector Perform 09/07/2023 8.49% HSBC → $99 Initiates Coverage On
Morgan Stanley (NYSE:MS) Stock Analyst Ratings Read Post »
Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings
Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 11.75% Goldman Sachs $171 → $193 Maintains Buy 10/30/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 10/10/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/31/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/10/2023 -1.56% JMP Securities $174 → $170 Maintains Market Outperform 05/03/2023 0.75% JMP Securities → $174 Reiterates → Market Outperform 04/10/2023 0.75% JMP Securities $180 → $174 Maintains Market Outperform 03/29/2023 -13.14% Northland Capital Markets $160 → $150 Maintains Outperform 02/06/2023 -0.41% Goldman Sachs $153 → $172 Maintains Buy 02/06/2023 -7.35% Northland Capital Markets $135 → $160 Maintains Outperform 02/06/2023 4.23% JMP Securities $160 → $180 Maintains Market Outperform 01/10/2023 -7.35% JMP Securities $178 → $160 Maintains Market Outperform 07/12/2022 3.07% JMP Securities $182 →
Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Read Post »
S&P 500 Q3 2023 Buybacks Up 6.1% and Impact to Earnings Per Share Continues to Decline; Buyback Tax Reduced Operating Earnings by 0.39%
S&P 500 Q3 2023 Buybacks Up 6.1% and Impact to Earnings Per Share Continues to Decline; Buyback Tax Reduced Operating Earnings by 0.39% PR Newswire NEW YORK, Dec. 19, 2023 — S&P 500 Q3 2023 buybacks were $185.6 billion, up 6.1% from Q2 2023’s $174.9 billion and down 12.0% from Q3 2022’s $210.8 billion — The 12-month September 2023 expenditure of $787.3 billion was down 19.8% from the $981.6 billion expenditure of September 2022 — Financials pulled back again to $29.3 billion from $32.7 billion in Q2 2023 and $46.9 billion in Q1 2023; Information Technology ticked up to $48.6 billion from Q2’s $47.1 billion — Energy pulled back to $16.2 billion, representing 8.7% of all buybacks; whereas the sector represented 4.4% of the market value and had four issues in the top 20 for the quarter — The new net buyback 1% tax reduced Q3 2023 operating earnings by
CFRA Retains Buy Opinion On Shares Of Factset Research Systems Inc.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price by $35 to $545, 30.2x our FY 25 (Aug.) EPS estimate, which is higher than the company’s 10-year historical average of 26.4x, given strong growth prospects. We lower our FY 24 adjusted EPS by $0.17 to $16.18 and reduce FY 25’s by $0.07 to $18.06. FDS reported Nov-Q adjusted EPS of $4.12 vs. $3.99, $0.01 above consensus on revenue that came in at consensus. Top-line growth of 7% was led by acceleration in the Americas (+8%), while deceleration was identified in EMEA (+7%) and Asia-Pacific (+7%). However, this was accompanied by an 8% increase in employee costs and 70 bps of adjusted operating margin compression to 37.6%. User retention remained unchanged at a healthy 95%. We continue to believe FDS offers
CFRA Retains Buy Opinion On Shares Of Factset Research Systems Inc. Read Post »
JPMorgan Chase & Co. (NYSE: JPM) stock Analyst Ratings
JPMorgan Chase & Co. (NYSE: JPM) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 — Daiwa Capital Upgrades Outperform → Buy 11/16/2023 46.05% Oppenheimer $233 → $243 Maintains Outperform 10/16/2023 2.17% Piper Sandler $168 → $170 Maintains Overweight 10/16/2023 2.77% BMO Capital $167 → $171 Maintains Market Perform 10/16/2023 40.04% Oppenheimer $215 → $233 Maintains Outperform 10/16/2023 14.79% Morgan Stanley $187 → $191 Maintains Overweight 10/03/2023 12.39% Morgan Stanley $179 → $187 Maintains Overweight 09/26/2023 29.22% Oppenheimer $219 → $215 Maintains Outperform 09/12/2023 -5.04% RBC Capital → $158 Reiterates Outperform → Outperform 09/12/2023 7.58% Morgan Stanley $173 → $179 Maintains Overweight 09/08/2023 -5.04% RBC Capital → $158 Reiterates Outperform → Outperform 09/07/2023 -4.44% HSBC → $159 Initiates Coverage On → Hold 08/18/2023 31.62% Oppenheimer $227 → $219 Maintains Outperform 08/01/2023 -3.84% Atlantic Equities $150 → $160 Maintains Neutral 07/18/2023 3.98% Morgan
JPMorgan Chase & Co. (NYSE: JPM) stock Analyst Ratings Read Post »
Royal Bank of Canada (NYSE:RY) Analyst Ratings
Royal Bank of Canada (NYSE:RY) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 — B of A Securities Upgrades Neutral → Buy 08/25/2023 39.87% Credit Suisse $138 → $139 Maintains Outperform 08/25/2023 26.79% Barclays $124 → $126 Maintains Underweight 08/21/2023 24.77% Barclays $122 → $124 Maintains Underweight 06/06/2022 25.78% Argus Research $121 → $125 Maintains Buy 03/02/2021 25.78% B of A Securities → $125 Downgrades Buy → Neutral 03/01/2021 0.62% Argus Research $92 → $100 Maintains Buy 05/13/2020 -1.39% B of A Securities $70 → $98 Maintains Buy 03/25/2020 -30.57% CFRA $83 → $69 Maintains Hold 02/24/2020 12.7% Credit Suisse $111 → $112 Maintains Outperform
Royal Bank of Canada (NYSE:RY) Analyst Ratings Read Post »
FactSet Research Gears Up For Q1 Print
FactSet Research Systems Inc. (NYSE:FDS) is projected to release financial results for the first quarter fiscal 2024, ending Nov. 30, 2023, before the opening bell on Dec. 19, 2023. Analysts expect the company to post quarterly earnings at $4.11 per share, up from year-ago earnings of $3.99 per share. The company’s revenue might come in at $540.36 million for the latest quarter, according to Benzinga Pro. FactSet Research, during September, reported fourth-quarter FY23 sales growth of 7.3% year-on-year to $535.797 million, marginally beating the consensus of $535.280 million.
FactSet Research Gears Up For Q1 Print Read Post »