Cintas (CTAS) Price Target Increased to $180.00 by Analysts at Stifel Nicolaus

Cintas (NASDAQ:CTAS) had its price target upped by Stifel Nicolaus from $162.00 to $180.00 in a research note published on Friday. They currently have a hold rating on the business services provider’s stock.

CTAS has been the topic of a number of other reports. Morgan Stanley boosted their price objective on Cintas from $152.00 to $158.00 and gave the company a $192.53 rating in a research note on Wednesday. Zacks Investment Research upgraded Cintas from a hold rating to a buy rating and set a $202.00 price objective on the stock in a research note on Wednesday, May 30th. JPMorgan Chase & Co. boosted their price objective on Cintas from $183.00 to $188.00 and gave the company an overweight rating in a research note on Friday, March 23rd. ValuEngine lowered Cintas from a buy rating to a hold rating in a research note on Monday, April 2nd. Finally, Goldman Sachs Group started coverage on Cintas in a research note on Tuesday, March 27th. They set a conviction-buy rating and a $210.00 price objective on the stock. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Cintas presently has a consensus rating of Buy and a consensus target price of $182.20.

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Shares of NASDAQ:CTAS traded up $9.89 during midday trading on Friday, reaching $203.57. 1,318,118 shares of the company traded hands, compared to its average volume of 416,456. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.86 and a current ratio of 2.16. Cintas has a 12 month low of $130.09 and a 12 month high of $204.27. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.29 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 19th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. Cintas had a return on equity of 24.81% and a net margin of 13.01%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts predict that Cintas will post 7.04 EPS for the current fiscal year.

In related news, insider James Phillip Holloman sold 7,523 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $171.26, for a total transaction of $1,288,388.98. Following the completion of the transaction, the insider now directly owns 133,491 shares in the company, valued at $22,861,668.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas E. Frooman sold 11,500 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $175.96, for a total value of $2,023,540.00. Following the transaction, the vice president now owns 106,926 shares of the company’s stock, valued at $18,814,698.96. The disclosure for this sale can be found here. 18.90% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Asset Advisors Corp grew its position in Cintas by 0.7% during the second quarter. Asset Advisors Corp now owns 47,000 shares of the business services provider’s stock worth $8,698,000 after buying an additional 330 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Cintas by 18,267.8% during the second quarter. Cornerstone Wealth Management LLC now owns 766,673 shares of the business services provider’s stock worth $4,064,000 after buying an additional 762,499 shares in the last quarter. Fred Alger Management Inc. grew its position in Cintas by 9.1% during the second quarter. Fred Alger Management Inc. now owns 658,357 shares of the business services provider’s stock worth $121,842,000 after buying an additional 55,186 shares in the last quarter. Amalgamated Bank grew its position in Cintas by 6.9% during the second quarter. Amalgamated Bank now owns 13,588 shares of the business services provider’s stock worth $2,515,000 after buying an additional 882 shares in the last quarter. Finally, Boston Advisors LLC grew its position in Cintas by 0.6% during the second quarter. Boston Advisors LLC now owns 172,678 shares of the business services provider’s stock worth $31,958,000 after buying an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 67.06% of the company’s stock.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

See Also: What is the Book Value of a Share?

Can We Predict The Bitcoin Trend By Watching Litecoin And Ethereum?

&l;p&g;&l;img class=&q;dam-image shutterstock size-large wp-image-1135687877&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/1135687877/960x0.jpg?fit=scale&q; data-height=&q;614&q; data-width=&q;960&q;&g; Shutterstock

Bitcoin used to be the sandbox of the uber-nerd. Even today, old school market sophisticates whose job it should be to know all about crypto are still shuffling around in the foothill of understanding or worse totally clueless about what this new asset is. This is not surprising because crypto really is the deepest rabbit hole most of us will have to spelunk. This complexity is one of blockchain&a;rsquo;s core weaknesses, but the same can be said for the early internet and the emerging personal computing scene.

Unsurprisingly, it&a;rsquo;s the kids that have wriggled the deepest into the warren of blockchain knowledge, another field mark that this is the next big thing.

&l;em&g;&l;/em&g;

When bitcoin and cryptocurrency crossed over from the underworld subculture it was developing in at the end of 2016 and start of 2017, the price took off.

Let&a;rsquo;s call this moment Jan. 1, 2017. The denizens of crypto might disagree but without doubt 2017 was the year of bitcoin, so we can start there.

Let&a;rsquo;s look at how prices developed.

From this perspective, altcoins are the big story. While bitcoin was the giant brand, the runners-up in brand awareness, ethereum and litecoin, rose further for their Hodlers. &a;nbsp;The scale of the chart is normalised to BTC to USD:

&l;img class=&q;size-full wp-image-57721&q; src=&q;http://blogs-images.forbes.com/investor/files/2018/07/btcltceth1.jpg?width=960&q; alt=&q;&q; data-height=&q;592&q; data-width=&q;900&q;&g; Bitcoin, Litecoin and Ethereum prices: April 2017 to July 2018

If you had the good fortune to buy on the first of January and the &l;span style=&q;text-decoration: line-through;&q;&g;insanity &l;/span&g;foresight to hold, then even today after a crash, the returns remain practically psychedelically vast.

It is interesting to note that bitcoin peaked first, litecoin next and finally ethereum, with huge jumps for these coins after bitcoin peaks.

As believers we do not think cryptos will go to zilch, instead we look to the next bubble cycle to kick off. &l;a href=&q;https://www.forbes.com/sites/investor/2018/07/13/bitcoin-is-a-logarithmic-asset/#6038131f7f54&q;&g;As I stated in a previous article,&l;/a&g; &l;a href=&q;https://www.forbes.com/sites/investor/2018/07/13/bitcoin-is-a-logarithmic-asset/#6038131f7f54&q;&g;crypto is a logarithmic asset&l;/a&g;.

This explosive viral growth mechanism for crypto value is driven by the asset&a;rsquo;s passage from obscurity into the mainstream. When the next wave hits and the top tiers of &a;lsquo;normal people&a;rsquo; suddenly &a;lsquo;get it&a;rsquo; the cycle will repeat and repeat again and again as broader audiences experience cryptocurrency. That&a;rsquo;s the belief.

So where are we in the cycle?

Most of the way to the bottom of the crash at least in percentage terms from the top.

So let&a;rsquo;s look at what happened to BTC, ETH and LTC since bitcoin hit its peak. The scale as above is in BTC to USD:

&l;img class=&q;size-full wp-image-57720&q; src=&q;http://blogs-images.forbes.com/investor/files/2018/07/btcltceth2.jpg?width=960&q; alt=&q;&q; data-height=&q;589&q; data-width=&q;900&q;&g; Bitcoin, Litecoin and Ethereum prices: January to July 2018

We can see litecoin underperforming bitcoin and over the period because of the late rally for ethereum after bitcoin&a;rsquo;s peak, ethereum outperforms bitcoin. However, this outperformance would require a perverse and fortunate market timing for the buyer.

Let&a;rsquo;s look at the recent history since ethereum&a;rsquo;s peak:

&l;img class=&q;size-full wp-image-57719&q; src=&q;http://blogs-images.forbes.com/investor/files/2018/07/btcltceth3.jpg?width=960&q; alt=&q;&q; data-height=&q;591&q; data-width=&q;900&q;&g; Bitcoin, Litecoin and Ethereum prices: February to July 2018

Stating the obvious, all these coins are clearly correlated. ETH and LTC have the alpha on bitcoin. As such, it would make sense to watch them as a way to catch the bottom with some extra pop.

So let&a;rsquo;s go back to the beginning. We want a signal that shows us when to reenter. Ethereum and litecoin lagged the end of the bubble, signaled by bitcoin. What signaled the beginning?

What am I doing? As a believer that however much you polish your crystal balls you can never see the future clearly, I&a;rsquo;m gently buying dribs and drabs of bitcoin, ethereum and litecoin, all of which I hold and many other coins beside. I am, however, waiting to buy material amounts, because the trend is down and the trend is not our friend until the bend in the end.

I&a;rsquo;ll spend at the bend in the end.

&l;img class=&q;size-full wp-image-57718&q; src=&q;http://blogs-images.forbes.com/investor/files/2018/07/btcltceth4.jpg?width=960&q; alt=&q;&q; data-height=&q;594&q; data-width=&q;900&q;&g; Bitcoin, Litecoin and Ethereum prices: February to June 2017

That is pretty clear.

The altcoins have the alpha and ethereum leads the charge last time.

The past doesn&a;rsquo;t predict the future blah blah blah&a;hellip;. But you would be a fool not to watch for ethereum and litecoin to start rallying as a potential&a;nbsp; signal for the crypto market bottom we are all waiting for and last year it gave plenty of advanced warning, so will likely do so again after the &a;ldquo;Bitcoin is Dead&a;rdquo; headlines hit the mainstream press.

&l;a href=&q;http://bit.ly/2nP7Hek&q; target=&q;_blank&q; rel=&q;nofollow noopener noreferrer&q; data-ga-track=&q;ExternalLink:http://bit.ly/2nP7Hek&q; target=&q;_blank&q;&g;&l;em data-ga-track=&q;ExternalLink:http://bit.ly/2nP7Hek&q;&g;Be among the first to know the most important crypto and blockchain news and information with Forbes Crypto Confidential, a free weekly eletter. Sign up now.&l;/em&g;&l;/a&g;

&l;em&g;Disclosure: I own bitcoin, litecoin and ethereum&l;/em&g;.

-----

&l;em&g;Clem Chambers is the CEO of&a;nbsp; private investors Web site&l;/em&g;&l;span&g;&l;em&g;&a;nbsp;&l;/em&g;&l;/span&g;&l;a href=&q;http://www.advfn.com/&q; target=&q;_blank&q;&g;&l;em&g;ADVFN.com&l;/em&g;&l;/a&g;&l;em&g; and author of &l;/em&g;&l;a href=&q;http://www.amazon.com/dp/B00R3ABO9G&q; target=&q;_blank&q;&g;Be Rich&l;/a&g;&l;em&g;, &l;/em&g;&l;a href=&q;http://www.amazon.com/dp/B00HCOUWS2&q; target=&q;_blank&q;&g;&l;em&g;The Game in Wall Street&l;/em&g;&l;/a&g;&l;em&g; and&l;/em&g; &l;a href=&q;https://www.amazon.com/dp/B077D9ZZ7P&q; target=&q;_blank&q;&g;&l;em&g;Trading Cryptocurrencies: A Beginner&a;rsquo;s Guide&l;/em&g;&l;/a&g;&l;em&g;.&l;/em&g;

&a;nbsp;&l;/p&g;

Columbus McKinnon Corp. (CMCO) Receives $49.67 Average Price Target from Brokerages

Shares of Columbus McKinnon Corp. (NASDAQ:CMCO) have been given an average recommendation of “Buy” by the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.67.

A number of brokerages have commented on CMCO. TheStreet upgraded shares of Columbus McKinnon from a “c+” rating to a “b” rating in a report on Wednesday, May 30th. BidaskClub lowered shares of Columbus McKinnon from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 4th. Zacks Investment Research lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. Finally, Craig Hallum began coverage on shares of Columbus McKinnon in a report on Monday, May 14th. They issued a “buy” rating and a $49.00 price objective on the stock.

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Columbus McKinnon traded up $0.09, reaching $41.64, during trading on Friday, Marketbeat reports. The stock had a trading volume of 500 shares, compared to its average volume of 137,686. Columbus McKinnon has a 1-year low of $24.97 and a 1-year high of $45.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.74 and a quick ratio of 1.00. The firm has a market capitalization of $965.06 million, a P/E ratio of 20.72 and a beta of 1.88.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Wednesday, May 30th. The industrial products company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Columbus McKinnon had a net margin of 2.63% and a return on equity of 12.14%. The firm had revenue of $214.10 million for the quarter, compared to analyst estimates of $210.64 million. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. sell-side analysts anticipate that Columbus McKinnon will post 2.48 EPS for the current year.

In other news, VP Gregory P. Rustowicz sold 3,271 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $42.13, for a total value of $137,807.23. Following the completion of the sale, the vice president now owns 45,366 shares of the company’s stock, valued at approximately $1,911,269.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.27% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Phocas Financial Corp. bought a new stake in shares of Columbus McKinnon in the 4th quarter worth about $5,710,000. Stone Ridge Asset Management LLC bought a new stake in shares of Columbus McKinnon in the 4th quarter worth about $804,000. Macquarie Group Ltd. increased its position in shares of Columbus McKinnon by 9.1% in the 4th quarter. Macquarie Group Ltd. now owns 1,063,241 shares of the industrial products company’s stock worth $42,508,000 after purchasing an additional 88,613 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Columbus McKinnon by 11.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 57,808 shares of the industrial products company’s stock worth $2,311,000 after purchasing an additional 6,078 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Columbus McKinnon in the 4th quarter worth about $281,000. 91.99% of the stock is owned by institutional investors.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

Featured Story: How Short Selling Works

Esterline Technologies (ESL) Rating Lowered to Sell at Zacks Investment Research

Esterline Technologies (NYSE:ESL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Esterline Corporation is a specialized manufacturing company serving principally aerospace and defense markets. Esterline views the company’s businesses in three segments related to its set of core competencies: Avionics & Controls, Sensors & Systems, and Advanced Materials. Avionics & Controls segment focus on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles, cockpit displays and integration systems and other high-end industrial applications. The Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, specialized harsh-environment interconnect solutions, electrical power distribution equipment, and other related systems principally for aerospace and defense customers. Advanced Materials focuses on process-related technologies including high-performance elastomer products used for a wide range of military and commercial aerospace purposes. “

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Separately, Barclays assumed coverage on Esterline Technologies in a research note on Thursday, March 29th. They issued an “underweight” rating and a $76.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $79.78.

Shares of Esterline Technologies traded up $0.05, reaching $74.65, on Tuesday, Marketbeat reports. The stock had a trading volume of 91,500 shares, compared to its average volume of 200,783. The company has a market cap of $2.21 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.25. Esterline Technologies has a 1 year low of $67.15 and a 1 year high of $100.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.29 and a quick ratio of 2.06.

Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.03. The firm had revenue of $517.60 million for the quarter, compared to the consensus estimate of $503.91 million. Esterline Technologies had a return on equity of 6.08% and a net margin of 2.74%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. analysts expect that Esterline Technologies will post 3.71 earnings per share for the current year.

In other news, major shareholder Hawkeye Fund Fpa sold 2,000 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $73.20, for a total value of $146,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ESL. Balter Liquid Alternatives LLC purchased a new position in shares of Esterline Technologies in the 1st quarter worth $195,000. Summit Trail Advisors LLC raised its holdings in Esterline Technologies by 6,585.3% in the 1st quarter. Summit Trail Advisors LLC now owns 210,787 shares of the aerospace company’s stock worth $211,000 after purchasing an additional 207,634 shares during the period. Bayesian Capital Management LP bought a new position in Esterline Technologies in the 1st quarter worth $291,000. Stone Ridge Asset Management LLC bought a new position in Esterline Technologies in the 4th quarter worth $347,000. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Esterline Technologies by 54.9% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,352 shares of the aerospace company’s stock worth $391,000 after purchasing an additional 1,896 shares during the period. Hedge funds and other institutional investors own 94.55% of the company’s stock.

About Esterline Technologies

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

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Mark Your Calendar for Netflix, Inc.'s Q2 Earnings

Streaming video veteran Netflix (NASDAQ:NFLX) is gearing up for a second-quarter report next Monday evening. Stock prices have more than doubled in 2018 and nearly tripled in 52 weeks as the company kept beating its own estimates of how quickly the subscriber base might grow.

Will this report be any different? Let's have a look at what to expect from Netflix's next business update.

Guidance targets

Metric

Q2 2018 Guidance

Q2 2017 Results

Expected Year-Over-Year Change

Total domestic subscribers	57.9 million	51.9 million	12%
Total international subscribers	73.3 million	52.0 million	41%
Total streaming subscribers	131.2 million	104.0 million	26%
Total revenue (including DVD)	$3.93 billion	$2.79 billion	41%
GAAP earnings per diluted share	$0.79	$0.15	427%
Free cash flows	Negative	($608 million)	Not measurable

Data source: Netflix.

Hitting these subscriber numbers on the nose would work out to 1.2 million net new domestic subscribers coming aboard during the second quarter and 5.0 million new international customers. That would be 6.2 million new members on a global level. Analysts and investors will keep a close eye on these particular metrics because they provide the best measuring stick for Netflix's subscriber-growth ambitions.

You'll find that top-line revenue keeps growing faster than the subscriber additions might suggest. The extra boost comes from a steady stream of small price increases, and there seems to be a steady flow of subscribers opting for pricier plans with higher video quality and the ability to concurrently stream Netflix content on more devices. Expect these trends to continue, especially in the international division.

For what it's worth, analyst firms Cowen and Baird recently raised their target prices on Netflix thanks to strong growth indicators in each firm's own survey of domestic and international video consumers. Baird said that international growth is coming in particularly hot while Cowen underscored Netflix's "outsized" share of viewing hours among younger audiences.

Image source: Getty Images.

Going beyond the raw numbers

To keep the subscriber additions coming, Netflix is making heavy investments to create a strong portfolio of original content. The English-speaking portion of this catalog is shrinking at the company leans on production teams in other markets. In the latest earnings call, content chief Ted Sarandos highlighted titles from Germany, Brazil, Spain, and Denmark as border-crossing wins.

"There's incredible storytellers and producers around the world that just have not had access to a global audience before, and we've been able to find them pretty effectively," Sarandos said. This is now a core concept at the heart of Netflix's evolving content production strategy.

Netflix's management continues to expect negative free cash flows "for several more years," including this quarter. You can pin that cash burn on the large cash expenses Netflix is pouring into content production, which is different from paying smaller licensing fees to other studios for the right to stream their movies and shows. The company raised another $1.5 billion of new debt in April, all earmarked for content production budgets. It's a little early to expect another reach for capital right now, but I wouldn't be surprised to see a return to the debt market around the third-quarter report.

Procter & Gamble shares downgraded by Jefferies because of rising commodity costs

Procter & Gamble's profitability will suffer because of rising commodity costs, according to Jefferies.

The firm lowered its rating for Procter & Gamble shares to hold from buy, predicting the company will report earnings below expectations next fiscal year.

Analyst Kevin Grundy cited a number of factors weighing on the consumer product giant, including slowing market growth, emerging market volatility, U.S. retail difficulties, a stronger U.S. dollar and pricing challenges that "should drive estimates lower again at P&G." His note on Monday was titled ��Tide Unlikely to Turn: Downgrade to Hold as Bull Thesis Wanes."

Grundy lowered his price target to $79 from $83 for Procter & Gamble shares. The new target is roughly even with Friday��s closing price.

The analyst noted a price basket of P&G key commodities costs has risen by about 15 percent over the past year. He said the company doesn��t have the ability to pass through higher costs to consumers.

��Commodities [are] a significant headwind,�� he said. ��P&G is expected to report its first year of negative pricing in well over a decade as the pricing environment has clearly become more difficult.��

As a result of gross profit margin pressure, Grundy reduced his fiscal year 2019 earnings per share estimate for the company to $4.25 from $4.52 versus the Wall Street consensus of $4.43.

��P&G (as well as other companies in our coverage) does not expect EMs or category growth rates to materially improve in the near-to- intermediate term,�� he said. ��In addition, competitive dynamics, particularly in P&G��s Baby and Grooming businesses (combined ~30% of global profits) will likely remain difficult.��

Procter & Gamble shares are underperforming the market this year. The stock declined 14 percent year to date through Friday compared with the S&P 500's 3 percent gain.

The company did not immediately respond to a request for comment.

Disclaimer

Top High Tech Stocks To Own For 2019

tags:TI,GSAT,CGI,TOWR, Earth's mightiest heroes are about to take on a galaxy far, far away for a chance to make box office history this weekend.

Disney (DIS)'s latest Marvel Studios production, "Avengers: Infinity War" opens Thursday night to high box office expectations. The film, which stars Robert Downey Jr., Chris Evans, Chadwick Boseman and Scarlett Johansson is on track for a domestic opening at around $230 million opening, according to industry analysts.

With its massive star power and a storyline that is ten years in the making, "Infinity War" could topple "Star Wars: The Force Awakens" to have the biggest domestic opening in history.

"If any film has a shot at beating 'Force Awakens' $248 million opening weekend record, it's 'Infinity War,'" said Paul Dergarabedian, senior media analyst at comScore (SCOR). "'The Force Awakens' had a build-up to its release that was decades in the making, but 'Infinity War' has a must-see factor built on the concept of bringing together of an almost unimaginable array of top Marvel characters in one enormous cinematic extravaganza."

Top High Tech Stocks To Own For 2019: Telecom Italia S.P.A.(TI)

Advisors' Opinion:

• [By Stephan Byrd]

  Titan Mining Corp (TSE:TI) Director Richard William Warke purchased 13,600 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The shares were bought at an average price of C$1.40 per share, with a total value of C$19,040.00.

• [By Ethan Ryder]

  TIM (NYSE: TI) and ORBCOMM (NASDAQ:ORBC) are both utilities companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, valuation, earnings, institutional ownership, analyst recommendations and dividends.

• [By Max Byerly]

  TIM (NYSE:TI) was downgraded by equities researchers at Berenberg Bank from a “hold” rating to a “sell” rating in a report released on Friday, The Fly reports.

Top High Tech Stocks To Own For 2019: Globalstar Inc.(GSAT)

Advisors' Opinion:

• [By Paul Ausick]

  Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 5.9% Monday and posted a new 52-week low of $0.48 after closing Friday at $0.51. The stock’s 52-week high is $2.30. Volume totaled about 4.4 million, about 20% below the daily average of around �5.4 million. The company had no specific news.

• [By Paul Ausick]

  Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 6% Tuesday and posted a new 52-week low of $0.47 after closing Monday at $0.50. The stock’s 52-week high is $2.30. Volume totaled about 4.3 million, about 20% below the daily average of around �5.4 million. The company had no specific news.

• [By Anders Bylund]

  Shares of Globalstar Inc. (NYSEMKT:GSAT) went on a roller coaster ride this morning. The satellite communications specialist's stock bottomed out in a 16% drop just after 10 a.m. EDT, recovering to a less dramatic 7% decline an hour later. The company is the target of a complicated merger deal today, and investors on the open market are not loving the idea.

• [By Lisa Levin]

  Thursday morning, the telecommunication services shares rose 1.06 percent. Meanwhile, top gainers in the sector included Globalstar, Inc. (NYSE: GSAT), up 5 percent, and Partner Communications Company Ltd. (NASDAQ: PTNR) up 4 percent.

• [By Max Byerly]

  Globalstar (NYSEAMERICAN:GSAT) saw a significant growth in short interest in April. As of April 13th, there was short interest totalling 86,799,863 shares, a growth of 6.9% from the March 30th total of 81,207,186 shares. Based on an average daily volume of 6,541,037 shares, the short-interest ratio is currently 13.3 days. Approximately 14.4% of the shares of the stock are short sold.

• [By Paul Ausick]

  Globalstar Inc. (NYSEAMERICAN: GSAT) traded down about 12.5% Tuesday and posted a new 52-week low of $0.77 after closing Monday at $0.88. The stock’s 52-week high is $2.59. Volume was about 70% above the daily average of around 3.7 million shares. The had no specific news.

Top High Tech Stocks To Own For 2019: Celadon Group, Inc.(CGI)

Advisors' Opinion:

• [By Ethan Ryder]

  Scopus Asset Management L.P. reduced its holdings in shares of Celadon Group, Inc. (NYSE:CGI) by 57.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 900,000 shares of the transportation company’s stock after selling 1,218,285 shares during the quarter. Scopus Asset Management L.P. owned approximately 3.18% of Celadon Group worth $3,330,000 as of its most recent filing with the SEC.

• [By Stephan Byrd]

  Russell Investments Group Ltd. boosted its position in shares of Celadon Group, Inc. (NYSE:CGI) by 26.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,347,089 shares of the transportation company’s stock after purchasing an additional 283,476 shares during the quarter. Russell Investments Group Ltd. owned about 4.76% of Celadon Group worth $4,983,000 as of its most recent filing with the Securities and Exchange Commission.

Top High Tech Stocks To Own For 2019: Tower International, Inc.(TOWR)

Advisors' Opinion:

• [By Ethan Ryder]

  Tower International (NYSE:TOWR) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on Tower International (TOWR)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Max Byerly]

  Here are some of the news articles that may have impacted Accern’s analysis:

  Get Tower International alerts: Bridging North America will build Gordie Howe International Bridge (windsorstar.com) Woods Bagot Unveils Design of Firm’s First Grade a Office Tower in Manila (dexigner.com) Gordie Howe International Bridge will be longest cable-stayed bridge in North America (clickondetroit.com) China Tower Is Said to Start Gauging Demand for Hong Kong IPO (bloomberg.com) Brokerages Expect Tower International Inc (TOWR) Will Announce Earnings of $1.08 Per Share (americanbankingnews.com)

  TOWR has been the topic of several recent analyst reports. Zacks Investment Research upgraded Tower International from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Saturday, May 5th. ValuEngine downgraded Tower International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Roth Capital initiated coverage on Tower International in a research report on Thursday, May 24th. They set a “buy” rating and a $41.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $35.50.

• [By Ethan Ryder]

  Tower International Inc (NYSE:TOWR) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.33.

Canadian Utilities Limited Class A (CU) Director Sells C$35,593.25 in Stock

Canadian Utilities Limited Class A (TSE:CU) Director P. Derek Cook sold 1,075 shares of the business’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of C$33.11, for a total transaction of C$35,593.25.

Canadian Utilities Limited Class A opened at C$33.49 on Thursday, Marketbeat reports. Canadian Utilities Limited Class A has a one year low of C$30.80 and a one year high of C$41.90.

Get Canadian Utilities Limited Class A alerts:

Canadian Utilities Limited Class A (TSE:CU) last released its quarterly earnings data on Thursday, April 26th. The company reported C$0.67 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.74 by C($0.07). Canadian Utilities Limited Class A had a return on equity of 3.91% and a net margin of 5.70%. The company had revenue of C$1.39 billion for the quarter.

A number of research firms have commented on CU. CSFB reaffirmed a “neutral” rating and set a C$42.00 price objective on shares of Canadian Utilities Limited Class A in a research report on Thursday, March 29th. CIBC reaffirmed a “neutral” rating on shares of Canadian Utilities Limited Class A in a research report on Thursday, June 28th. National Bank Financial reduced their price objective on shares of Canadian Utilities Limited Class A from C$41.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Friday, April 27th. Finally, BMO Capital Markets reduced their price objective on shares of Canadian Utilities Limited Class A from C$39.00 to C$37.00 in a research report on Tuesday, April 24th.

About Canadian Utilities Limited Class A

Canadian Utilities Limited engages in the electricity, and pipelines and liquids businesses. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment engages in the generation, transmission, and distribution of electricity using coal, natural gas, hydroelectric, and wind resources, as well as related infrastructure development in Western Canada, Ontario, the Yukon, the Northwest Territories, Australia, and Mexico.

Market Penalizes Medical Cannabis Producer Canopy Growth Despite Strong Revenue Growth

&l;p&g;Come October of 2018 and Canada will become one of the few developed countries to legalize recreational marijuana for adult-use. This revolutionary move has not only sent a wave of joy in the people of the country, but has also turned into a massive business opportunity for cannabis manufacturers, who had been restricting their output to only medical use until now. Consequently, pot stocks such as Canopy Growth has seen a surge in its stock price in the last few months, as investors are trying to leverage on the potential upside that the stock can offer. The company also has a partnership whereby &l;a href=&q;https://www.forbes.com/companies/constellation-brands/&q;&g;Constellation Brands&l;/a&g; (NYSE: STZ) has a 9.9% stake in the company.

However, the medical marijuana producer witnessed an initial sharp drop in its price after it released its fourth quarter and fiscal 2018 results. The stock plunged more than 10% to CAD 36.93 per share, as the company failed to meet the consensus expectations on both the revenue as well as earnings front. We figure that this is a market over-reaction to the earnings miss and believe that the stock has a huge upside potential with the opening up of the recreational marijuana market in third quarter of fiscal 2019. We have a &l;a href=&q;http://dashboards.trefis.com/no-login-required/8o4SkdRX&q; target=&q;_blank&q;&g;price estimate of CAD 53 per share for Canopy Growth&l;/a&g;.

You can view our &l;a href=&q;http://dashboards.trefis.com/no-login-required/8o4SkdRX?fromforbesandarticle=market-penalizes-medical-cannabis-producer-canopy-growth-despite-strong-revenue-growth&q; target=&q;_blank&q;&g;&l;strong&g;Forecast For Canopy Growth interactive dashboard&l;/strong&g;&l;/a&g; and create scenarios to match your assumptions.

&a;nbsp;

&l;strong&g;Key Highlights Of Canopy&a;rsquo;s 2018 Results&l;/strong&g;

&l;/p&g;&l;ul&g;&l;li&g;Canopy Growth generated revenue of CAD 77.9 million for fiscal 2018, representing a growth of 95% on a year-on-year basis. This remarkable rise in revenue was driven by strong volume growth in Canada as well as Germany. Besides, the company witnessed a notable improvement in its pricing during the year, which further bolstered its top-line growth.&l;/li&g;

&l;li&g;In addition to volume and pricing growth, Canopy&a;rsquo;s strategy to launch new products, such as Spectrum Softgels, coupled with its expansion in international markets, such as Africa, Europe, and Australia, strongly complemented its revenue for the year. In fact, we believe that the company&a;rsquo;s plans to extend its presence in international markets will likely drive its top-line in the near term and enable it to become a global leader in the cannabis industry.&l;/li&g;

&l;/ul&g;&l;a href=&q;http://dashboards.trefis.com/no-login-required/8o4SkdRX?fromforbesandarticle=market-penalizes-medical-cannabis-producer-canopy-growth-despite-strong-revenue-growth&q; target=&q;_blank&q;&g;&l;img class=&q; wp-image-185940 size-full&q; src=&q;http://blogs-images.forbes.com/greatspeculations/files/2018/07/WEED-2.jpg?width=960&q; alt=&q;&q; data-height=&q;505&q; data-width=&q;1377&q;&g;&l;/a&g;

&l;ul&g;&l;li&g;Despite a remarkable increase in revenue growth, the company reported a net loss of CAD 70.4 million, CAD 0.40 per share, disappointing the investors. However, the management expects to make profits in third quarter of fiscal 2019, driven by the newly opened recreational marijuana market.&l;/li&g;

&l;li&g;In order to participate and lead the upcoming recreational marijuana market, Canopy has invested heavily in improving and expanding all aspects of its business operations. This involves investment in expanding its production capacity, improving its inventory levels, development of new and innovative products, and allocating a solid budget for the marketing and branding of its products.&l;/li&g;

&l;li&g;Furthermore, the company has secured multi-year supply chain agreements in the Canadian provinces. These include commitments of over 25,000 kg per year in 5 provinces and territories. It has also secured retail licenses in Manitoba, Newfoundland, Labrador, and Saskatchewan.&l;/li&g;

&l;/ul&g;

Based on the company&a;rsquo;s guidance and market trends, our price estimate for &l;a href=&q;http://dashboards.trefis.com/no-login-required/8o4SkdRX&q; target=&q;_blank&q;&g;&l;strong&g;Canopy Growth is CAD 53 per share&l;/strong&g;&l;/a&g;, based on &l;strong&g;2019 P/S Multiple of 56.2x (industry average).&l;/strong&g;

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