“Cut-to-the-Chase” Recommendations
- Week Beginning -
Monday, December 11, 2017

by Ian Harvey

IMPORTANT NOTE: There is no stop-loss or pre-determined sell price recommended – this is left to the discretion of the individual trader.


Option Trade - Micron Technology, Inc. (NASDAQ:MU) Calls

Friday, December 15, 2017

** OPTION TRADE: Buy the MU JAN 19 2018 45.000 CALL at approximately $1.50.

Sell price is left to your own judgment.

Idaho-based Micron Technology, Inc. (NASDAQ: MU), a memory chip manufacturer, is scheduled to report fiscal Q1 report next Tuesday, after the market closes. Micron's earnings should skyrocket 587.5% to $2.20 with sales surging 61% to $6.387 billion.

Full-year 2018 estimates are calling for big growth again. Revenue expectations call for $23.3 billion, while earnings are forecast to grow almost 60%.

Also consider that these numbers may not be high enough, as crazy as that sounds. Micron has now beat on earnings and revenue estimates for five straight quarters.

The stock got caught up in the “tech wreck” pullback in late November, and it is now in an excellent position to rally after the company releases earnings.

MU is currently bouncing down from resistance at $45, but it is expected that the stock will break above this level as it rallies back up toward its recent highs just below $50 if the company can beat earnings expectations, which is expected to do so.

The stock has soared a whopping 91.8% in the year so far, significantly outperforming the S&P 500's gain of just 19.3%.

Influencing Factors

Even though NAND and DRAM storage prices slid a bit last week, the six-week average is still higher, and it is expected that heavy demand, coupled with stable margins in these areas, will lead to a positive announcement from MU next week.

The main reason behind the optimism surrounding the stock is improved prices for DRAM. Notably, DRAM generates majority of the company's revenues and in fiscal 2017 it contributed approximately 64%. The company witnessed a year-over-year surge of 80% in the fiscal 2017 DRAM revenues.

Increased pricing is mainly driven by better product-mix optimization and higher-than-expected demand for PCs, servers and mobiles. DRAMeXchange projects that demand for DRAM will jump 20.6% in 2018 from an estimated increase of 19.6% in 2017. The primary driver is expected to be higher storage demand from smartphones and servers.

Smartphones witnessed an increase of 33.4% in DRAM content this year, to an average of 3.2 GB per device. As smartphone original equipment manufacturers (OEMs) plan to launch devices with higher capacity and more demanding applications like AR and AI, demand for DRAM is likely to grow much faster.

Moreover, server DRAM demand is anticipated to remain strong as Cloud Data-Center customers seek innovative solutions to reduce their workload. The high-density modules based on advanced manufacturing nodes have come to the market, urging server OEMs to overhaul and shift to new technology for better results. This also provides significant growth opportunity for Micron.

The fall in NAND prices will have the least impact on Micron's financials due to its less exposure in the segment. Various analysts also believe the company is well positioned to lower its NAND production costs, through which it can safeguard margins and bottom-line results from loss of revenues due to declining prices.

Analysts and Hedge Funds Opinions

MKM Partners's analyst Ruben Roy  yesterday reiterated a Buy rating on the shares, and raises his price target two dollars to $54, writing that 2018 should be another strong year for DRAM, and that fears of price declines in NAND flash may be overdone.

With a 15% decline in Micron shares since a peak in November, "the sell-off presents a buying opportunity," writes Roy, "with our expectations for favorable trends in the memory markets to continue into 2018."

Morgan Stanley analyst Joseph Moore deems Micron an exception to the memory rule, noting: “We would highlight MU, and to some degree Semicaps, as positive outliers to our global team’s negative call on memory.”

As such, the analyst argues the chip giant is worth the buy even in an abating NAND environment, reiterating a Buy rating on MU stock with a price target of $55, which implies a nearly 30% upside from current levels.

Several other analysts have also recently commented on the company…..

  • BidaskClub raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th.
  • Vetr raised Micron Technology from a “hold” rating to a “buy” rating and set a $42.77 price target on the stock in a research report on Wednesday, October 25th.
  • Loop Capital reissued a “buy” rating and set a $48.00 price target (up previously from $46.00) on shares of Micron Technology in a research report on Wednesday, September 27th.
  • Finally, Rosenblatt Securities reissued a “buy” rating and set a $75.00 price target on shares of Micron Technology in a research report on Tuesday, September 26th.

Micron remains a tech darling of the Street, fears of NAND running amiss or not, with 21 out of 23 analysts of the last 3 months rating a Buy on the chip giant and just 2 maintaining a Hold on the stock. The 12-month average price target of $53.85 boasts upside potential of 28% from where the stock is currently trading.

Institutional investors that have recently made a change to their positions in the stock….

  • Caxton Associates LP boosted its holdings in Micron Technology by 75.8% during the 3rd quarter. The fund owned 379,200 shares of the semiconductor manufacturer’s stock after purchasing an additional 163,450 shares during the period. Caxton Associates LP’s holdings in Micron Technology were worth $14,914,000 as of its most recent SEC filing.
  • Schwab Charles Investment Management Inc. lifted its holdings in Micron Technology by 1.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,473,699 shares of the semiconductor manufacturer’s stock valued at $103,725,000 after purchasing an additional 54,056 shares in the last quarter.
  • Dupont Capital Management Corp lifted its holdings in Micron Technology by 10.8% during the second quarter. Dupont Capital Management Corp now owns 82,231 shares of the semiconductor manufacturer’s stock valued at $2,455,000 after purchasing an additional 8,031 shares in the last quarter.
  • State of Wisconsin Investment Board lifted its holdings in Micron Technology by 21.0% during the second quarter. State of Wisconsin Investment Board now owns 1,276,418 shares of the semiconductor manufacturer’s stock valued at $38,114,000 after purchasing an additional 221,781 shares in the last quarter.

Summary

The longer Micron continues to turn in good results, the longer its stock price will continue to rally. A big part of that is its low valuation.   

The company currently trades at a forward P/E multiple of 5.5x, significantly lower than the industry average of 16x. The ratio, which is obtained by dividing a stock's current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings. Therefore, lower the P/E of a stock, the better.

At $42, MU is 16% off the recent highs, while the fundamental picture still looks fine. $42 has been a pretty obvious level since October, serving as both support and resistance. From what management has said, business continues to do well.

Micron Technology, Inc. has a 1 year low of $19.78 and a 1 year high of $49.89. The firm has a market cap of $48,660.00, a price-to-earnings ratio of 9.69, a P/E/G ratio of 0.58 and a beta of 1.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.34 and a quick ratio of 1.75.


Option Trade - Oracle Corporation (NYSE:ORCL) Calls

Tuesday, December 12, 2017

** OPTION TRADE: Buy the ORCL JAN 19 2018 52.500 CALL at approximately $0.80.

Sell price is left to your own judgment.

Oracle Corporation (NYSE:ORCL), a provider of products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure, will report earnings on Thursday, December 14, 2017, after the market closes.

The consensus earnings estimate is $0.68 per share on revenue of $9.55 billion but the Earnings Whisper number is $0.69 per share The company's guidance was for earnings of $0.66 to $0.70 per share. Consensus estimates are for year-over-year earnings growth of 13.33% with revenue increasing by 5.70%.

The company has beaten estimates in three of the trailing four quarters, delivering an average positive surprise of 6.76%.

Last quarter, the company reported non-GAAP earnings of 62 cents, which increased 12.3% on a year-over-year basis and also beat the Consensus Estimate of 61 cents.

Further, revenues of $9.21 billion increased 7% year over year and surpassed the consensus mark of $9.03 million.

Oracle has always been on the cutting edge of technology. Relative to many other firms in the broad tech sector, they embraced the Software-as-a-Service (SaaS) model. Now, they're a serious contender in that game, as they demonstrated in last year's Q4 ORCL earnings report.

Influencing Factors

Oracle is benefiting from significant momentum in its Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) offerings. This has also helped in improving the company's competitive position against salesforce.com and Workday. We believe that the company's growing cloud market share will continue to drive top-line growth. This is further evident from the expanding customer base.

Cloud SaaS revenues during the last reported quarter advanced a significant 61.6% (62% in constant currency) year over year to $1.09 billion. Cloud Platform as a Service and Infrastructure as a Service (IaaS) revenues surged 29.2% (28% in constant currency) to $403 million. The Consensus Estimate for IaaS is pegged at $421 million.

More importantly for the ORCL stock price, management is pushing cloud computing even further. For them, it's not just about SaaS. Rather, they want to push both the platform and the infrastructure to the cloud. This concept is best demonstrated with their recent AT&T Inc. (NYSE: T) deal, which combines the physical infrastructure, access to Oracle's database, and the software application under one umbrella.

Recently, Oracle unveiled its blockchain services on cloud, after around two months of collaborating with Hyperledger, Linux Foundation's open source underlying technology behind the blockchain build-up. Oracle's entry in the expanding blockchain market is anticipated to be a positive for its top and bottom line and will also boost shares going forward.

Going forward, the next-generation autonomous database launched by Oracle, which is supported by machine learning, is a key catalyst. Management believes that the new database will improve Oracle's competitive position in the cloud against Amazon Web Services (AWS).

Analysts and Hedge Funds Opinions

Drexel Hamilton reissued their buy rating on shares of Oracle in a research note released on Tuesday, November 21st. They currently have a $62.00 target price on the enterprise software provider’s stock.

Several other analysts have also recently commented on the company…..

  • Jefferies Group boosted their price target on shares of Oracle from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, September 15th.
  • Credit Suisse Group initiated coverage on shares of Oracle in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price target for the company.
  • Vetr upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective for the company in a research note on Monday, November 13th.
  • Finally, BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th.

Twelve investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Oracle currently has a consensus rating of “Buy” and a consensus price target of $55.04.

Institutional investors that have recently made a change to their positions in the stock….

  • Guyasuta Investment Advisors Inc. acquired a new stake in shares of Oracle Corporation during the 2nd quarter. The firm acquired 276,206 shares of the enterprise software provider’s stock, valued at approximately $13,849,000.
  • Meiji Yasuda Life Insurance Co grew its stake in shares of Oracle by 1.0% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 71,364 shares of the enterprise software provider’s stock worth $3,578,000 after buying an additional 700 shares in the last quarter. Farr Miller & Washington LLC DC boosted its stake in shares of Oracle by 10.7% during the 2nd quarter.
  • Brandywine Global Investment Management LLC grew its stake in shares of Oracle Corporation by 1.2% in the second quarter. The firm owned 3,729,236 shares of the enterprise software provider’s stock after acquiring an additional 43,350 shares during the period. Brandywine Global Investment Management LLC owned about 0.09% of Oracle worth $186,984,000 at the end of the most recent reporting period.

Summary            

Currently, ORCL stock is riding a four-hit winning streak. Historically, Oracle loves the second quarter. Going back to at least Q2 of fiscal 2015, the company has managed to pull off an earnings beat.

Moreover, market participants seemingly like their chances as well. Since Dec. 5, the ORCL stock price is up more than 3%. Adding to that bullish speculation are rumblings in the options market.

Oracle Corporation has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The firm has a market capitalization of $207,004.89, a PE ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05. Oracle Corporation has a 52 week low of $38.30 and a 52 week high of $53.14.


Option Trade - Jabil Inc. (NYSE:JBL) Puts

Tuesday, December 12, 2017

** OPTION TRADE: Buy the JBL JAN 19 2018 28.000 PUT at approximately $0.60.

Sell price is left to your own judgment.

The electronic products solutions company, Jabil Inc. (NYSE:JBL), providing engineering, manufacturing and intelligent supply chain solutions to companies in a variety of industries - automotive, packaging, healthcare, retail and more, will report its fiscal first-quarter numbers on December 14. The company will report its quarterly numbers after the market closes, with the consensus calling for earnings of $0.79 per share on revenue of $5.50 billion; with the Earnings Whisper number at $0.81 per share.

The company's guidance was for earnings of $0.65 to $0.91 per share. Consensus estimates are for year-over-year earnings growth of 5.33% with revenue increasing by 7.74%. Short interest has increased by 54.9% since the company's last earnings release.

JBL has been stuck in a sideways trend since early summer, unable to trend higher despite a string of better than expected earnings reports. The Street expects another beat from the and if the company reports earnings in-line or slightly higher than expected, shares will probably make a small move to the upside, but it will be hard for shares to really move higher unless the quarterly results are much stronger than expected; and is more likely to move downwards. Also, the stock has a P/E of 41, which could keep a ceiling on the price.

Influencing Factors

Jabil provides electronic design and manufacturing services to tech companies. It gets an estimated 24% of its sales from Apple (AAPL), including iPhone casings. Since Apple is Jabil’s key customer, driving 24% of revenue growth in each of the last three fiscal years, delays in that product might lead Q1 results down – and lead to a third consecutive post-earnings sell-off in JBL shares.

Even though Jabil stock looks cheap heading into earnings; JBL trades at less than 11x fiscal 2018 EPS guidance, and at a 13% discount to the average analyst target price; there are some definite value trap concerns here as well. EMS (electronics manufacturing services) stocks like JBL almost always look cheap, in part because of the razor-thin operating margins in the contract manufacturing model. The chart shows a multiple top at $31.00 and even in a strong environment for tech JBL stock has traded mostly sideways this year.

Because of the margin concerns and limited growth opportunities, contract manufacturing stocks are all about price. At the moment, JBL’s price doesn’t look quite good enough.

Analysts and Hedge Funds Opinions

Zacks Investment Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th.

Several other analysts have also recently commented on the company…..

  • ValuEngine downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd.
  • BidaskClub downgraded Jabil from a “buy” rating to a “hold” rating in a report on Saturday, August 12th.
  • Goldman Sachs Group lowered Jabil from a “neutral” rating to a “sell” rating and decreased their target price for the company from $28.00 to $26.00 in a research report on Tuesday, October 10th.
  • Citigroup reissued a “sell” rating and issued a $28.00 price target on shares of Jabil in a research report on Thursday, September 28th.
  • Finally, Bank of America Corporation downgraded Jabil from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. They noted that the move was a valuation call.

Jabil has been given a consensus recommendation of “Hold” by the sixteen analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $30.60.

Institutional investors that have recently made a change to their positions in the stock….

  • Bank of New York Mellon Corp lowered its stake in Jabil Inc. by 1.7% during the 3rd quarter. The firm owned 2,403,783 shares of the technology company’s stock after selling 41,874 shares during the quarter.
  • SG Americas Securities LLC trimmed its position in Jabil by 54.0% during the 3rd quarter. The fund owned 23,404 shares of the technology company’s stock after selling 27,472 shares during the quarter.

Insider News……..

  • President William E. Peters sold 3,580 shares of Jabil stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total transaction of $102,889.20.
  • Also, CEO Mark T. Mondello sold 30,000 shares of Jabil stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.02, for a total value of $870,600.00.

Over the last three months, insiders have sold 147,680 shares of company stock valued at $4,289,446. Company insiders own 2.90% of the company’s stock.

Summary            

Jabil has a 12-month low of $20.43 and a 12-month high of $31.70. The firm has a market capitalization of $5,260.43, a P/E ratio of 16.01, a P/E/G ratio of 1.12 and a beta of 0.53. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.


Option Trade - Pier 1 Imports Inc. (NYSE:PIR) Calls

Tuesday, December 12, 2017

** OPTION TRADE: Buy the PIR DEC 15 2017 5.000 CALL at approximately $0.45.

Sell price is left to your own judgment.

Pier 1 Imports Inc. (NYSE:PIR), a global importer of imported decorative home furnishings and gifts, will release its next quarterly earnings report for the fiscal Quarter ending Nov 2017 tomorrow, Wednesday, December 13th, after the market closes.

Wall Street analysts expect Pier 1 to report earnings of $0.12 per share for the current quarter. Pier 1 posted earnings of $0.22 per share in the same quarter last year, which would suggest a negative year over year growth rate of 45.5%.

On average, analysts expect that Pier 1 Imports will report full-year earnings of $0.42 per share for the current year, with EPS estimates ranging from $0.39 to $0.46. For the next fiscal year, analysts forecast that the company will report earnings of $0.44 per share, with EPS estimates ranging from $0.35 to $0.61.

Like so many brick-and-mortar retailers, Pier 1 Imports is trying to prove to investors that it still has a place in the modern economy. In the context of a tough space, Pier 1 isn't doing that badly. Both same-store sales and adjusted EPS are expected to be roughly flat for the full year. Pier 1 has had some success on the e-commerce front, and a plan to lower its store count could help margins going forward.

Looking at the near term, there should be some room for post-earnings gains. Street expectations look low, with consensus estimates implying a 2% decline in revenue and a 50% year-over-year drop in earnings per share. Meanwhile, a number of retailers this season - among them Vera Bradley, Inc. (NASDAQ: VRA ), Foot Locker, Inc. (NYSE: FL ), and Tilly's Inc (NYSE: TLYS ) - have posted 20%+ post-earnings gains after coming in ahead of analyst estimates. Even a modest beat against soft expectations should be enough for a nice pop in PIR stock.

Longer-term, the case looks a bit tougher – therefore the short expiry date on this options trade.

Influencing Factors

Pier 1 Imports shareholders have had a rough year. The specialty retailer's management team summed it up well in the blunt assessment they issued after comps expanded by less than 2% in the fiscal second quarter, and gross profit margin fell by more than 1 percentage point. "This level of performance does not reflect our expectations for the business," CEO Alasdair James said.

James and his team have been reviewing Pier 1's operations to look for opportunities either to save money through improved sourcing and supply-chain strategies, or to boost sales through more effective marketing and merchandising.

PIR’s debt level has been constant at around $201.1M over the previous year – this includes both the current and long-term debt. At this stable level of debt, PIR currently has $154.5M remaining in cash and short-term investments, ready to deploy into the business.

Additionally, PIR has produced $115.7M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 0.58x, signaling that PIR’s debt is appropriately covered by operating cash. This ratio can also be a sign of operational efficiency as an alternative to return on assets. In PIR’s case, it is able to generate 0.58x cash from its debt capital.

With current liabilities at $291.3M liabilities, it seems that the business has been able to meet these obligations given the level of current assets of $610.0M, with a current ratio of 2.09x.

With a debt-to-equity ratio of 75.62%, PIR can be considered as an above-average leveraged company.

Analysts and Hedge Funds Opinions

Pier  1 Imports was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, November 29th.

According to Zacks, “Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier, selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico. “

Several other analysts have also recently commented on the company…..

  • Loop Capital cut their price target on shares of Pier 1 Imports from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, August 9th.
  • ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.
  • UBS reiterated a “sell” rating and issued a $3.50 price target (down from $4.00) on shares of Pier 1 Imports in a research report on Saturday, September 30th.
  • BidaskClub lowered shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th.
  • Finally, Jefferies Group restated a “hold” rating and set a $5.90 target price on shares of Pier 1 Imports in a research report on Sunday, September 3rd.

Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.01.

Institutional investors that have recently made a change to their positions in the stock….

  • Vanguard Group Inc. raised its position in shares of Pier 1 Imports by 19.3% in the 1st quarter. Vanguard Group Inc. now owns 7,304,924 shares of the specialty retailer’s stock worth $52,303,000 after buying an additional 1,179,575 shares during the period.
  • Gotham Asset Management LLC purchased a new position in shares of Pier 1 Imports in the 2nd quarter worth $2,607,000.
  • Maverick Capital Ltd. acquired a new stake in Pier 1 Imports in the 2nd quarter valued at $2,498,000.

Summary            

All told, the Q3 report looks like a potential opportunity for traders in PIR stock – for the short term!

Pier 1 Imports is a small-cap stock with a market capitalization of $439.06M. The company has a PEG ratio of -12.33 and a beta of 1.85. The company has a current ratio of 2.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.75. Pier 1 Imports has a 12-month low of $3.96 and a 12-month high of $9.67.


Option Trade - VeriFone Systems Inc. (NYSE:PAY) Calls

Monday, December 11, 2017

** OPTION TRADE: Buy the PAY JAN 19 2018 18.000 CALL at approximately $1.00.

Sell price is left to your own judgment.

VeriFone Systems Inc. (NYSE:PAY), a payments and commerce solutions provider, is scheduled to report fourth-quarter results tomorrow, December 12, after the market closes. The consensus earnings estimate is $0.43 per share on revenue of $472.18 million and the Earnings Whisper number is $0.44 per share.

The company's guidance was for earnings of approximately $0.43 per share on revenue of $470.00 million to $473.00 million. Consensus estimates are for year-over-year earnings growth of 43.33% with revenue increasing by 1.72%.

Verifone still holds a dominant position in the payments industry, but upstarts like Square SQ and local competitors in emerging markets like China and India have seized key growth opportunities. Shares of PAY have gained just 2% so far this year.

However, profits should be supported by the company's ongoing restructuring program, which was expected to save the company about $30 million this year.

Influencing Factors

VeriFone has a strong foothold in the electronic payment systems and services market and is likely to benefit from the ever-expanding demand for Point-of-Sale (POS) software and Payment-as-a Service technologies.

VeriFone’s focus on strengthening its product portfolio that now includes the likes of Carbon 8 and Engage will likely be a key growth driver going ahead. Demand for the Engage platform is expected to drive its top line. On the last earnings call, management had announced plans to launch Engage in 15 countries in the fourth quarter.

The company’s mPOS device has also gained traction within a short span of time. Management believes that it is on track to deliver more than 20% organic growth across mobile product portfolio in fiscal 2017.

In the quarter, VeriFone announced extension of its global partnership with Alibaba’s BABA Alipay that enables Chinese travelers to pay taxi fares in the United States using Alipay Mobile Wallet.

VeriFone is anticipated to benefit from strong growth in Europe, Middle East and Africa (EMEA) region. Sluggishness in the Asia Pacific region is a concern but management expects it to perform better compared to the last reported quarter. However, the Latin American market is anticipated to remain flat when compared sequentially.

The company expects modest growth in North America driven by strong growth traction in retail and SMB verticals.

The divestitures of the company’s non-core business are anticipated to have a positive impact on margins.

Analysts and Hedge Funds Opinions

Citigroup initiated coverage on shares of Verifone Systems in a report on Friday, September 15th. They set a “neutral” rating and a $23.00 price objective for the company.

Several other analysts have also recently commented on the company…..

  • Piper Jaffray Companies reiterated a “hold” rating and set a $20.00 price objective on shares of Verifone Systems in a report on Friday, September 8th.
  • Jefferies Group reiterated a “buy” rating and set a $23.00 price objective (up from $20.00) on shares of Verifone Systems in a report on Monday, September 11th.
  • Finally, BidaskClub upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd.

Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.61.

Institutional investors that have recently made a change to their positions in the stock….

  • Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Verifone Systems by 27,645.1% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 241,105 shares of the business services provider’s stock valued at $4,890,000 after purchasing an additional 240,236 shares in the last quarter.
  • Neuberger Berman Group LLC lifted its position in shares of Verifone Systems by 22.0% during the third quarter. Neuberger Berman Group LLC now owns 1,646,427 shares of the business services provider’s stock valued at $33,390,000 after purchasing an additional 297,362 shares in the last quarter.
  • California Public Employees Retirement System lifted its position in shares of Verifone Systems by 1.6% during the third quarter. California Public Employees Retirement System now owns 1,147,906 shares of the business services provider’s stock valued at $23,280,000 after purchasing an additional 18,306 shares in the last quarter.

Summary            

Verifone Systems, Inc. has a one year low of $16.03 and a one year high of $21.48. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.10 and a current ratio of 1.32. The firm has a market capitalization of $2,018.64, a PE ratio of 22.28, a PEG ratio of 1.34 and a beta of 1.96.






Search Stock Options
Made Easy



Enjoy Relaxed or Fast-Paced Trading? Choose your Membership Style...

Whether you prefer to take a laid-back approach to your trading,

or to charge ahead in your options trading,

 Stock Options Made Easy Armchair Trader and Cut-to-the-Chase Trader Memberships put everything you need to succeed at your fingertips for just  $39 or $79 per month.







Subscribe to our FREE
newsletter for all the latest options news!


Enter Your Email Address

Enter Your First Name