BMO Capital Markets Lowers DXC Technology (DXC) Price Target to $113.00

DXC Technology (NYSE:DXC) had its price target cut by BMO Capital Markets from $117.00 to $113.00 in a research note published on Friday. They currently have an outperform rating on the stock.

DXC has been the subject of several other research reports. Cantor Fitzgerald reaffirmed a neutral rating and issued a $97.00 price target on shares of DXC Technology in a research report on Friday. Deutsche Bank upped their price target on shares of DXC Technology from $90.00 to $100.00 and gave the stock a hold rating in a research report on Friday, February 9th. Berenberg Bank assumed coverage on shares of DXC Technology in a research report on Wednesday, April 18th. They issued a hold rating and a $100.00 price target for the company. SunTrust Banks raised shares of DXC Technology from a hold rating to a buy rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of DXC Technology from a hold rating to a buy rating and set a $109.00 price target for the company in a research report on Tuesday, February 13th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $107.00.

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DXC Technology opened at $94.21 on Friday, Marketbeat reports. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.99. DXC Technology has a 1 year low of $73.51 and a 1 year high of $107.85.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, May 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.06. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.12 billion. DXC Technology had a net margin of 7.13% and a return on equity of 17.74%. DXC Technology’s revenue for the quarter was up 233.2% on a year-over-year basis. research analysts expect that DXC Technology will post 8.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th will be given a dividend of $0.19 per share. This is a boost from DXC Technology’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, June 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.81%. DXC Technology’s dividend payout ratio is presently 9.07%.

In related news, EVP William L. Deckelman, Jr. sold 2,886 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total transaction of $291,312.84. Following the completion of the sale, the executive vice president now owns 13,082 shares of the company’s stock, valued at $1,320,497.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John M. Lawrie sold 5,000 shares of the stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $103.04, for a total transaction of $515,200.00. The disclosure for this sale can be found here. Insiders have sold 22,886 shares of company stock valued at $2,343,380 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of DXC. Fulton Bank N.A. increased its stake in DXC Technology by 6.6% during the 1st quarter. Fulton Bank N.A. now owns 8,148 shares of the company’s stock valued at $819,000 after purchasing an additional 502 shares in the last quarter. Aperio Group LLC increased its stake in DXC Technology by 0.3% during the 1st quarter. Aperio Group LLC now owns 161,589 shares of the company’s stock valued at $16,245,000 after purchasing an additional 508 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in DXC Technology by 5.4% during the 1st quarter. United Capital Financial Advisers LLC now owns 10,025 shares of the company’s stock valued at $1,008,000 after purchasing an additional 510 shares in the last quarter. Moors & Cabot Inc. increased its stake in DXC Technology by 8.4% during the 1st quarter. Moors & Cabot Inc. now owns 6,923 shares of the company’s stock valued at $696,000 after purchasing an additional 535 shares in the last quarter. Finally, First Mercantile Trust Co. increased its stake in DXC Technology by 17.2% during the 4th quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock valued at $424,000 after purchasing an additional 656 shares in the last quarter. 83.99% of the stock is owned by institutional investors.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

Buy Escorts, tractor business likely to show healthy double digit growth : Equity99

Sumit Bilgaiyan

We are quite bullish on Escorts. Its tractor business is likely to witness another year of healthy double digit growth in FY19 due to strong rural sentiments on back of higher farm incomes and projection of normal monsoon for third consecutive year.

We are projecting double digit growth in volume led by new product launches and increased focus on exports. Construction equipment segment is witnessing robust demand traction with 29 percent YoY growth in FY18 which we believe will continue in future.

We expect slight dip in EBITDA margins due to rising raw material cost which will put weigh on margins though we are closely watching for average realisation. We have a buy call on Escorts.

Disclaimer: The author is Founder of Equity99. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Hot Stocks For 2018

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John Buckingham, editor of The Prudent Speculator, focuses on a widely-diversified portfolio of value-oriented stocks; here, he reviews two leading pharmaceutical firms with promising drug development operations.

Biogen (BIIB)

Biogen discovers, develops and delivers innovative therapies for the treatment of neurodegenerative diseases and autoimmune disorders.

While Biogen leads the $20+ billion global multiple sclerosis market with Avonex, Tysabri, and Tecfidera (which should secure the firm’s leadership for the next several years), shares are down since the election.

True, BIIB recently had disappointing results from what was thought to be a promising compound, but we are optimistic about its spinal muscular atrophy treatment, Spinraza, and its recent labeling by United Healthcare as proven and medically necessary.

We continue to like the prospects of Biogen’s pipeline, its strong free cash flow generation and its willingness to aggressively buy back shares while investing in the future.

Hot Stocks For 2018: Heska Corporation(HSKA)

Advisors' Opinion:

• [By Ethan Ryder]

  Heska (NASDAQ:HSKA)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Friday, MarketBeat reports. They presently have a $115.00 price objective on the medical research company’s stock, up from their prior price objective of $100.00. Canaccord Genuity’s price objective would indicate a potential upside of 12.52% from the company’s previous close.

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Heska (HSKA)

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

Hot Stocks For 2018: WSFS Financial Corporation(WSFS)

Advisors' Opinion:

• [By Stephan Byrd]

  TRADEMARK VIOLATION NOTICE: “WSFS Financial (WSFS) to Release Quarterly Earnings on Monday” was published by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3364455/wsfs-financial-wsfs-to-release-quarterly-earnings-on-monday.html.

Hot Stocks For 2018: ENI S.p.A.(E)

Advisors' Opinion:

• [By Zacks]

  Following the reform, Mexico drew multi-billion dollars' investment. It could lead up to an output of 3 MMBbl/d by the end of the planned period, as predicted by the supporters of the reform. The reform could also bring down electricity rates in the country. So far, Mexico has awarded around 90 contracts, both onshore and offshore. The country raised about $100 billion from the auctions by the end of January. With nine oil and gas blocks, Shell has emerged as the leading player in the auctions held so far. Other winners in the bidding processes include Eni S.p.A. (NYSE: E)of Italy, Inpex of Japan, France's TOTAL S.A. (NYSE: TOT), Chevron and more.

Buy State Bank of India; target of Rs 365: Motilal Oswal

Motilal Oswal's research report on State Bank of India

SBIN reported a loss of INR77.2b, with slippages spiking up to INR336.7b (INR174.35b from known stressed book), even as total revenue exceeded our estimate by 9%. The size of watch-list declined to INR258b (including corporate SMA-2 and stressed SMA-1 advances).

Outlook

We expect provisioning expenses to decline sharply, while gradual pick-up in loan growth/margins is expected to further boost earnings. We raise our FY19/20E earnings by 36%/12% and revise our PT to INR365 (1.5x FY20E ABV for bank). Maintain Buy.

For all recommendations report,�click here

Disclaimer:�The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Park Hotels & Resorts (PK) Hits New 1-Year High and Low at $31.73

Park Hotels & Resorts (NYSE:PK)’s share price hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $31.73 and last traded at $31.48, with a volume of 47117 shares traded. The stock had previously closed at $31.37.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Saturday, May 12th. Deutsche Bank increased their target price on Park Hotels & Resorts from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, February 9th. ValuEngine cut Park Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Boenning Scattergood reissued a “hold” rating on shares of Park Hotels & Resorts in a report on Monday, May 7th. Finally, Nomura dropped their target price on Park Hotels & Resorts from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Park Hotels & Resorts currently has a consensus rating of “Hold” and an average target price of $37.45.

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The stock has a market capitalization of $6.32 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.24 and a beta of 0.21. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.52.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. The business had revenue of $668.00 million for the quarter, compared to analyst estimates of $646.90 million. Park Hotels & Resorts had a return on equity of 6.57% and a net margin of 15.31%. Park Hotels & Resorts’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. equities analysts forecast that Park Hotels & Resorts will post 2.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.49%. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently 61.87%.

In related news, EVP Matthew Abram Sparks sold 12,877 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $29.87, for a total transaction of $384,635.99. Following the sale, the executive vice president now directly owns 46,931 shares in the company, valued at approximately $1,401,828.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank boosted its position in Park Hotels & Resorts by 22.9% in the 1st quarter. Amalgamated Bank now owns 33,891 shares of the financial services provider’s stock valued at $916,000 after buying an additional 6,321 shares during the last quarter. Principal Financial Group Inc. boosted its position in Park Hotels & Resorts by 21.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,549,441 shares of the financial services provider’s stock valued at $41,866,000 after buying an additional 273,784 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Park Hotels & Resorts by 128.9% in the 1st quarter. Xact Kapitalforvaltning AB now owns 25,397 shares of the financial services provider’s stock valued at $686,000 after buying an additional 14,300 shares during the last quarter. Legal & General Group Plc boosted its position in Park Hotels & Resorts by 33.4% in the 1st quarter. Legal & General Group Plc now owns 1,119,570 shares of the financial services provider’s stock valued at $30,250,000 after buying an additional 280,283 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its position in Park Hotels & Resorts by 52.2% in the 1st quarter. Brookfield Asset Management Inc. now owns 6,872,340 shares of the financial services provider’s stock valued at $185,691,000 after buying an additional 2,356,231 shares during the last quarter.

Park Hotels & Resorts Company Profile

Park is a leading lodging REIT with a diverse portfolio of hotels and resorts with significant underlying real estate value. Park's portfolio consists of 55 premium-branded hotels and resorts with over 32,000 rooms located in prime United States and international markets with high barriers to entry.

Netflix is acting ��very feisty�� against one key level, but all-time highs are on the way

Streaming giant Netflix is on its way to making new highs, but it needs to crack one key level first, according to TradingAnalysis.com founder Todd Gordon.

"Netflix is acting very feisty up around this $340 level," Gordon said Tuesday on CNBC's "Trading Nation." He expects the stock to break above that level soon and soar to uncharted territory. Here are his reasons why:

�� The $340 level marks consolidation at the end part of a "beautiful uptrend" that has been in place. Not only that, but the stock has risen to close to that $340 a few times, only to fall back and retest again.

�� Gordon noted that call option open interest has exploded in the stock.

�� As a result, Gordon wants to buy the June monthly 340-strike call and sell the June monthly 350-strike call for a total of $3.04, or $304 per options spread.

�� If Netflix closes below $340 on June 15 expiration, Gordon would lose the $304 he paid for the trade. But if Netflix were to close above $350, then Gordon could make up to $696.

The trade: Gordon is suggesting buying the June monthly 340/350 call spread for $3.04, or $304 per options spread.

Bottom line: Gordon believes that $340 is a support level from which Netflix can rally to new highs.

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