According to Cantor Fitzgerald analysts, Coach, Inc. (COH) has a bit of momentum going into the holiday season and beyond, plus an attractive current valuation. As such, the analysts initiated coverage on the luxury accessories designer with a bullish rating on Thursday.
The analysts rate COH as “Buy” and see shares reaching $66. This price target suggests a 21.5% upside to the stock’s Wednesday closing price of $54.30.
Cantor Fitzgerald analyst Allegra Perry said, “Given the prospect of visible results as early as Holiday 2013 and improved momentum thereafter, the current discounted valuation (13.9x, near a low-point since the financial crisis) offers a compelling opportunity to enter a high quality luxury turnaround story, in our view. Beyond FY14E, improved trends in North America coupled with strong growth in international markets and the on-going share buyback program should help drive a return to double digit earnings growth from FY15E. The stock is also well-supported by yield, with the highest free cash flow yield in our coverage universe (c.6.3%) and one of the highest dividend yields (c.2.4%).”
Top Energy Companies For 2015: Insulet Corporation(PODD)
Insulet Corporation, a medical device company, engages in the development, manufacture, and marketing of insulin infusion systems for people with insulin-dependent diabetes in the United States. The company offers OmniPod Insulin Management System (OmniPod System), which consists of the OmniPod disposable insulin infusion device and the handheld wireless personal diabetes manager to provide diabetes management solution for people with insulin-dependent diabetes. It is also involved in the distribution of durable medical equipment, including blood glucose testing supplies, insulin pumps, pump supplies, pharmaceuticals, and other products for the management and treatment of diabetes. The company sells its OmniPod System directly to patients through referrals from healthcare professionals and through patient leads, as well as through third-party distributors; and delivers durable medical equipment to endocrinologists, insurers, and clients. Insulet Corporation was founded in 2000 and is headquartered in Bedford, Massachusetts.
Advisors' Opinion:- [By James Brumley]
And just for the record, theme-based buyout speculation doesn’t improve your chances of picking an acquisition target. Back in 2012 after Bristol-Myers Squibb (BMY) bought Amylin for control of its diabetes pipeline following the purchase of Neighborhood Diabetes by Insulet (PODD), pundits were sure it would spark a wave of other diabetes-driven acquisitions. Those other M&A candidates began getting bid up, but as it turns out, no more meaningful buyouts materialized in the diabetes space.
- [By Rich Smith]
This series, brought to you by Yahoo! Finance, looks at which upgrades and downgrades make sense, and which ones investors should act on. Today, our headlines feature a pair of downgrades for document storage company Iron Mountain (NYSE: IRM ) and insulin treatments-equipment maker Insulet (NASDAQ: PODD ) . But the headlines aren't all bad, so before we break the bad news to you, let's start off on a bright note about...
Top 5 Electric Utility Companies To Invest In Right Now: Matador Resources Co (MTDR)
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its operations are focused primarily on the oil and liquids-rich portion of the Eagle Ford shale play in South Texas and the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. The Company also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. In addition, it has a large exploratory leasehold position in Southwest Wyoming and adjacent areas of Utah and Idaho where it is testing the Meade Peak shale.
As of December 31, 2012, the Company owned a 100% working interest in approximately 26,900 gross acres and 24,100 net acres in Gonzales, Karnes, LaSalle, Wilson and Zavala Counties and a 50% working interest in approximately 2,800 gross and 1,400 net acres in DeWitt County and are the operator of this acreage. It also owns an approximate 21% working interest in approximately 12,800 gross acres in Atascosa County operated by EOG Resources, Inc.
South Texas
The Company focuses on the exploration and development of its Eagle Ford shale properties in South Texas. During 2012, the Company completed and began producing oil and natural gas from 28 gross/24.5 net operated Eagle Ford shale wells, including 25 gross/23.7 net operated and 3 gross/0.8 net non-operated Eagle Ford shale wells. During 2012, 43% of its daily production, or 3,908 barrels of oil equivalent (BOE) per day, including 3,246 one stock tank barrel (Bbl) of oil per day and 4.0 one million cubic feet of natural gas (MMcf) of natural gas per day, was produced from the Eagle Ford shale in South Texas. During 2012, the Company drilled and completed a total of 32 gross/30.5 net Eagle Ford wells on its operated properties. As of December 31, 2012, its aggregate leasehold int! erests consisted of approximately 42,500 gross acres and 27,900 net acres in the Eagle Ford shale play in Atascosa, DeWitt, Gonzales, Karnes, LaSalle, Wilson and Zavala Counties in South Texas.
Northwest Louisiana and East Texas
During 2012, bout 56% of its average daily production, or 5,042 BOE per day, including 31 Bbl of oil per day and 30.1 MMcf of natural gas per day, was from its leasehold interests in Northwest Louisiana and East Texas. For the year ended December 31, 2012, about 76% of its daily natural gas production, or 26.0 MMcf of natural gas per day, was produced from the Haynesville shale, with another 12%, or 4.1 MMcf of natural gas per day, produced from the Cotton Valley and other shallower formations in this area. As of December 31, 2012, the Company had leasehold and mineral interests in approximately 22,300 gross and 14,200 net acres prospective for the Haynesville shale.
Advisors' Opinion:- [By Ben Levisohn]
Heading into today, Matador Resources (MTDR) had gained 40% so far this year, as the competitor to Anadarko Petroleum (APC) and EOG Resources (EOG) has boosted oil & gas revenue and oil production. Make that 32% after Matador Resources announced a secondary offering.
Top 5 Electric Utility Companies To Invest In Right Now: KiOR Inc (KIOR)
KiOR, Inc. (KiOR), incorporated on July 23, 2007, is development- stage company. KiOR is a renewable fuels company engaged in producing cellulosic gasoline and diesel from abundant non-food biomass. Cellulosic fuel is derived from lignocellulose found in wood, grasses and the non-edible portions of plants. The Company generates hydrocarbons from renewable sources . Its end products are fungible hydrocarbon-based gasolines and diesels that can be used as components in formulating finished gasoline and diesel fuels, rather than alcohols or fatty acid methyl esters (FAME) such as ethanol or biodiesel. During the year ended December 31, 2011, the Company commenced construction of its initial-scale commercial production facility in Columbus, Mississippi, designed to process 500 bone dry ton per day (BDT) of feedstock per day, As of December 31, 2011, the Company had not generated any revenues.
The Company has developed a process that converts non-food lignocellulose into gasoline and diesel that can be transported using the existing fuels distribution system for use in vehicles on the road. Its biomass-to-cellulosic fuel technology platform combines catalyst systems with fluid catalytic cracking (FCC) processes that have been used in crude oil refineries to produce gasoline. The biomass fluid catalytic cracking (BFCC) process operates at moderate temperatures and pressures to convert biomass in a matter of seconds into the renewable crude oil that can be processed using standard refining equipment into its cellulosic gasoline and diesel. In its demonstration unit the Company varies its volume output of gasoline from 37% to 61%, diesel from 31% to 55% and fuel oil from 8% to 9% from its renewable crude oil. The Company focuses on its commercialization efforts with respect to its gasoline and diesel. As of December 31, 2011, the Company had 76 pending original patent application families containing over 2,300 pending claims.
Advisors' Opinion:- [By Nickey Friedman]
It has not been a good year for biofuel producer KiOR (NASDAQ: KIOR ) . Aside from the stock being down over 75%, the company has badly missed its guidance targets virtually every time, and its CFO quit without any explanation. Then, to top off the 12 months of disappointment, KiOR ended the year with another resignation and more production shortfalls.
- [By Bryan Murphy]
To say KiOR Inc. (NASDAQ:KIOR) is one of today's biggest winners would still be an understatement. This clean-fuels company's stock is up nearly 60% in Thursday's trade on news of plans to grow its production capability significantly within the foreseeable future. Traders responded accordingly, rewarding the corporation's initiative by bidding up KIOR to a price of $2.86, as of the last look.
Top 5 Electric Utility Companies To Invest In Right Now: Hubbell Inc (HUBB)
Hubbell Incorporated (Hubbell), incorporated in 1905, is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. Products are either sourced complete, manufactured or assembled by subsidiaries in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People�� Republic of China, Italy, the United Kingdom, Brazil and Australia. Hubbell also participates in joint ventures in Taiwan, Hong Kong, and maintains sales offices in Singapore, China, Mexico, South Korea and countries in the Middle East. It operates in two segments: Electrical segment and the Power segment. The Electrical segment consists of electrical systems products and lighting products. During the year ended December 31, 2011, it acquired two product lines. The first product line acquired consists of grounding, bonding and cable management solutions with renewable energy applications, while the second product line consists of fire pump control panels. The Company has several operations located outside of the United States. These operations manufacture, assemble and/or market Hubbell products and service both the Electrical and Power segments.
Electrical Segment
The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, as well as other electrical equipment. The products are used in and around industrial, commercial and institutional facilities by electrical contractors, maintenance personnel, electricians and telecommunications companies. In addition, certain businesses design and manufacture a variety of high voltage test and measurement equipment, industrial controls and communication systems used in the non-residential and industrial markets. Many of these products are designed such that they can ! also be used in harsh and hazardous locations where a potential for fire and explosion exists due to the presence of flammable gasses and vapors. Harsh and hazardous products are primarily used in the oil and gas (onshore and offshore) and mining industries. Certain lighting fixtures, wiring devices and electrical products also have residential and utility applications.
These products are primarily sold through electrical and industrial distributors, home centers, retail and hardware outlets, and lighting showrooms. Special application products are sold primarily through wholesale distributors to contractors, industrial customers and original equipment manufacturers (OEMs). High voltage products are sold primarily by direct sales to customers through its sales engineers. Hubbell maintains a sales and marketing organization to assist users with the application of certain products to their specific requirements, and with architects, engineers, industrial designers, OEMs and electrical contractors for the design of electrical systems to meet the specific requirements of industrial, non-residential and residential users. Hubbell is also represented by sales agents for its lighting fixtures and controls, electrical wiring devices, rough-in electrical products and high voltage products lines.
Hubbell designs, manufactures and sells thousands of wiring and electrical products, which are supplied principally to industrial, non-residential and residential customers. These products include cable reels, cable glands and fittings, connectors and tooling, floor boxes, ground fault devices, wiring devices and accessories, switches and dimmers, pin and sleeve devices, electrical motor controls, and steel and plastic electrical enclosures. Its products also include junction boxes, plugs and receptacles, datacom connectivity and enclosures, speciality communications equipment high voltage test systems and mining communication and controls. These wiring and electrical products are sold under var! ious bran! ds and/or trademarks, including Hubbell, Kellems, Bryant, Burndy, Wejtap, Implo, Raco, Bell, Wiegmann, Killark, Hawke, Chalmit, Victor, GAI-Tronics, Gleason Reel, Haefely, Hipotronics and Austdac.
Hubbell manufactures and sells lighting fixtures and controls for indoor and outdoor applications. The markets served include residential, commercial, institutional and industrial. The Company has a range of light emitting diode (LED)-luminaire products within its portfolio. Hubbell�� variety of lighting products includes canopy light fixtures, emergency lighting/exit signs, specification grade LED fixtures, floodlights and poles, recessed, surface mounted and track fixtures, parking lot/parking garage fixtures, bollards, and bath/vanity fixtures and fans. Its products also include chandeliers, sconces, directionals, fixtures used to illuminate athletic/recreational fields, decorative landscaping fixtures, flourescent fixtures, ceiling fans, site and area lighting fixtures, and occupancy, dimming and daylight harvesting sensors.
These lighting products are sold under various brands and/or trademarks, including Kim Lighting, Sportsliter Solutions, Kurt Versen, Beacon Products, Architectural Area Lighting, Security Lighting Systems, Sterner Lighting, Prescolite, Precision-Paragon [P2], Hubbell Building Automation, Spaulding Lighting and Alera Lighting. Brands and/or trademarks also include Dual-Lite, Progress Lighting and Hubbell Outdoor Lighting.
Power Segment
The Power segment consists of operations that design and manufacture various distribution, transmission, substation and telecommunications products primarily used by the electrical utility industry. In addition, certain of these products are used in the civil construction and transportation industries. Products are sold to distributors and directly to users, such as electric utilities, telecommunication companies, pipeline and mining operations, industrial firms, construction and engineering firms. Pro! ducts inc! lude Arresters, Cutouts and fuse links, lineman tools, hoses and gloves, overhead and pad mounted switches, high voltage bushings, insulators, cable terminations and accessories, formed wire products and splices, taps and connectors. Its products also include grounding equipment, programmable reclosures, sectionalizers, pole line hardware and polymer concrete and fiberglass enclosures and equipment pads.
These products are sold under various brands and/or trademarks, including Ohio Brass, Fargo, Quazite, Electro Composites, Hot Box, Chance, Hubbell, Quadri*sil, USCO, PCORE and Anderson. Brands and/or trademarks also include Polycast, Comcore, CDR and Delmar.
Advisors' Opinion:- [By Seth Jayson]
Hubbell (NYSE: HUBB ) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Hubbell met expectations on revenues and met expectations on earnings per share. - [By Seth Jayson]
Hubbell (NYSE: HUBB ) reported earnings on July 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Hubbell met expectations on revenues and beat expectations on earnings per share.
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