Wedbush Raises Mastercard’s Price Target to $500 From $410 After Better-Than-Expected Q4Results, Keeps Outperform Rating。
Wedbush Raises Mastercard’s Price Target to $500 From $410 Read Post »
Procter & Gamble (NYSE:PG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/31/2024 1.54% Truist Securities $155 → $160 Maintains Hold 01/25/2024 4.72% Barclays $160 → $165 Maintains Overweight 01/24/2024 -0.36% RBC Capital $156 → $157 Maintains Sector Perform 01/24/2024 -0.36% Stifel $155 → $157 Maintains Hold 01/24/2024 12.97% UBS $172 → $178 Maintains Buy 01/24/2024 7.89% Wells Fargo $162 → $170 Maintains Overweight 01/24/2024 11.06% Raymond James $170 → $175 Maintains Outperform 01/18/2024 2.81% JP Morgan $169 → $162 Maintains Overweight 01/16/2024 1.54% Barclays $164 → $160 Maintains Overweight 11/13/2023 12.33% Jefferies → $177 Initiates Coverage On → Buy 10/20/2023 -1.63% DZ Bank → $155 Upgrades Sell → Hold 10/19/2023 2.81% Wells Fargo $160 → $162 Maintains Overweight 10/19/2023 -1.63% Stifel $151 → $155 Maintains Hold 10/16/2023 -4.17% Stifel $161 → $151 Maintains Hold 10/12/2023 -2.27% Barclays $166 → $154 Maintains
Procter & Gamble (NYSE:PG) Stock Analyst Ratings Read Post »
Truist Securities analyst Bill Chappell maintains Procter & Gamble (NYSE:PG) with a Hold and raises the price target from $155 to $160.
Truist Securities raises Procter & Gamble (NYSE:PG) price target from $155 to $160 Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $550, up $85, values shares at 32.3x our 2025 EPS estimate, discounted to MA’s five-year historical average of 37.8x to reflect the higher rate environment and slowing U.S. payment volumes. We lower our FY 2024 EPS estimate to $14.79 from $14.96 and start FY 2025’s at $17.01. MA’s diversification was on full display this quarter as a slowdown in the U.S. (gross dollar volume +4%) was met with continued strength in international markets (+13%). Additionally, strong travel trends showed little signs of normalizing with 18% growth in cross-border volume recorded in Q4. Furthermore, value-added services and solutions saw growth accelerate to 17% (14% in Q3) and we expect momentum to continue into 2024, given an ever-increasing demand for MA’s data analytics and
CFRA Keeps Buy Opinion On Shares Of Mastercard Incorporated Read Post »
The following is a summary of the Phillips 66 (PSX) Q4 2023 Earnings Call Transcript: Financial Performance: Phillips 66 reported Q4 2023 adjusted earnings of $1.4 billion or $3.09 per share, with operating cash flow of $2.2 billion. Total adjusted EBITDA for 2023 was $12.7 billion, reflecting a substantial contribution from Midstream and Marketing and Specialties. The company increased its quarterly dividend by 8% and returned over $8.3 billion to shareholders through dividends and share repurchases since July 2022. Capital spending for Q4 2023 was $634 million, with shareholders receiving $1.6 billion through dividends and share repurchases. The net debt to capital ratio was 34% at year’s end, with a 16% return on capital employed. Despite the DCP Midstream consolidation, which added approximately $200 million, the company managed to reduce its sustaining capital spend to under $900 million. Adjusted earnings decreased by $708 million in the fourth quarter, mainly due
Phillips 66(PSX.US) Q4 2023 Earnings Conference Read Post »
The following is a summary of the The Boeing Company (BA) Q4 2023 Earnings Call Transcript: Financial Performance: Boeing’s Q4 revenue was $22 billion, up 10% year-over-year, driven by higher commercial volume and favorable mix. The company reported a core loss per share of $0.47, improved from the previous year due to better commercial volume, better mix, and lower abnormal costs. Free cash flow for the quarter was $3 billion, consistent with the prior year, primarily due to improved commercial deliveries and strong order activity. Boeing Commercial Airplanes booked 611 net orders, resulting in an inventory backlog valued at $441 billion, generating revenue of $10.5 billion, up 13%. Business Progress: Boeing is addressing safety issues that led to the grounding of its 737 MAX 9 planes and is working with the NTSB and FAA during the ongoing investigation. Several steps to enhance quality control measures have been implemented, such as
Boeing(BA.US) Q4 2023 Earnings Conference Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target remains $130, on an 8.1x multiple of projected 2024 operating cash flows, below PSX’s historical average. We believe a discount is merited due to our negative outlook for refining in 2024. We downgrade based on valuation, as PSX’s shares have grown 44% in the last 12 months, compared to the S&P 1500 Oil & Gas Refining & Marketing Index (+22%) and its peer average (+11%). We cut our 2024 EPS view by $1.60 to $12.26 and start 2025 at $12.60. Q4 EPS of $3.09 vs. $4.00 beat consensus by $0.71. Refining margins ($14.41/b) fell 27% Y/Y due to lower crack spreads. PSX expects 2024 capex to be in range of $2.2B (vs. $2.4B in 2023). We estimate PSX with free cash flow in range
CFRA Cuts View On Shares Of Phillips 66 To Sell From Hold Read Post »
Qualcomm Sees Q2 2024 Adj. EPS $2.20-$2.40 Vs $2.25 Est., Revenues $8.9B-$9.7B Vs $9.303B Est.
Qualcomm reported fiscal Q1 non-GAAP earnings Wednesday of $2.75 per diluted share, up from $2.37 a year earlier. Analysts polled by Capital IQ expected $2.37. Revenue in the quarter ended Dec. 24 rose to $9.92 billion from $9.46 billion a year earlier. Analysts surveyed by Capital IQ expected $9.52 billion. The company said it expects fiscal Q2 non-GAAP EPS of $2.20 to $2.40 on revenue of $8.9 billion to $9.7 billion. Analysts surveyed by Capital IQ project EPS of $2.24 on revenue of $9.3 billion.
Qualcomm Fiscal Q1 Earnings, Revenue Rise; Q2 Guidance Set Read Post »
By Denny Jacob Qualcomm logged better-than-expected revenue in the latest quarter, led by growth in handsets and automotive in its QCT segment. The mobile-phone chip maker posted net income of $2.77 billion, or $2.46 a share, for the fiscal first quarter ended Dec. 24, up from $2.24 billion, or $1.98 a share, a year earlier. Adjusted earnings were $2.75 a share, above analysts’ estimates of $2.37. Revenue increased 5% to $9.94 billion from $9.46 billion. Analysts polled by FactSet expected $9.51 billion. By segment, revenue in QCT grew 7% to $8.42 billion while QTL edged down 4% to $1.46 billion. QCT’s revenue streams consist of handsets, automotive and internet of things. Revenue in handsets and automotive grew 16% and 31%, respectively, from a year earlier, while IoT dived 32% during the same period. Qualcomm, which sells communication and data-processing chips crucial in phones from Apple and Samsung, forecast revenue between
Qualcomm 1Q Revenue Tops Estimates on Growth in Handsets, Automotive Read Post »
Qualcomm Executive Said Company Extended License Agreement With Apple Through March 2027.
Qualcomm Executive Said Company Extended License Agreement With Apple Through March 2027 Read Post »
Qualcomm Said Anticipate Android Revenues Will Be Approximately Flat QoQ -Conf Call.
Qualcomm Said Anticipate Android Revenues Will Be Approximately Flat QoQ -Conf Call Read Post »