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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For August 26, 2022

Upgrades

B of A Securities upgraded the previous rating for Vtex (NYSE:VTEX) from Neutral to Buy. For the second quarter, Vtex had an EPS of $0.11, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $10.94 and a 52-week-low of $2.66. Vtex closed at $3.87 at the end of the last trading period.

According to Deutsche Bank, the prior rating for FactSet Research Systems Inc (NYSE:FDS) was changed from Hold to Buy. For the third quarter, FactSet Research Systems had an EPS of $3.76, compared to year-ago quarter EPS of $2.72. The stock has a 52-week-high of $486.49 and a 52-week-low of $345.92. At the end of the last trading period, FactSet Research Systems closed at $452.38.

According to B of A Securities, the prior rating for First Solar Inc (NASDAQ:FSLR) was changed from Neutral to Buy. In the second quarter, First Solar showed an EPS of $0.52, compared to $0.77 from the year-ago quarter. The current stock performance of First Solar shows a 52-week-high of $121.91 and a 52-week-low of $59.60. Moreover, at the end of the last trading period, the closing price was at $121.69.

According to Seaport Global, the prior rating for Hibbett Inc (NASDAQ:HIBB) was changed from Neutral to Buy. In the second quarter, Hibbett showed an EPS of $1.86, compared to $2.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.98 and a 52-week-low of $39.58. Hibbett closed at $60.74 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

B of A Securities downgraded the previous rating for Companhia Siderurgica Nacional (NYSE:SID) from Neutral to Underperform. The stock has a 52-week-high of $5.96 and a 52-week-low of $2.42. At the end of the last trading period, Companhia Siderurgica closed at $3.18.

For Arco Platform Ltd (NASDAQ:ARCE), Credit Suisse downgraded the previous rating of Outperform to Neutral. In the second quarter, Arco Platform showed an EPS of $0.08, compared to $0.12 from the year-ago quarter. The current stock performance of Arco Platform shows a 52-week-high of $22.74 and a 52-week-low of $13.20. Moreover, at the end of the last trading period, the closing price was at $14.60.

Benchmark downgraded the previous rating for NeoGenomics Inc (NASDAQ:NEO) from Buy to Hold. For the second quarter, NeoGenomics had an EPS of $0.16, compared to year-ago quarter EPS of $0.01. The current stock performance of NeoGenomics shows a 52-week-high of $35.34 and a 52-week-low of $6.85. Moreover, at the end of the last trading period, the closing price was at $11.59.

Argus Research downgraded the previous rating for Zoom Video Communications Inc (NASDAQ:ZM) from Buy to Hold. Zoom Video Comms earned $1.05 in the second quarter, compared to $1.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $184.91 and a 52-week-low of $79.03. Zoom Video Comms closed at $85.72 at the end of the last trading period.

For Ternium SA (NYSE:TX), B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Ternium showed an EPS of $4.07, compared to $5.21 from the year-ago quarter. The stock has a 52-week-high of $50.36 and a 52-week-low of $29.83. At the end of the last trading period, Ternium closed at $34.08.

For IRIDEX Corp (NASDAQ:IRIX), Stifel downgraded the previous rating of Buy to Hold. Iridex earned $0.14 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $6.48 and a 52-week-low of $2.45. At the end of the last trading period, Iridex closed at $2.85.

Wells Fargo downgraded the previous rating for Centene Corp (NYSE:CNC) from Overweight to Equal-Weight. For the second quarter, Centene had an EPS of $1.77, compared to year-ago quarter EPS of $1.25. The stock has a 52-week-high of $98.53 and a 52-week-low of $74.47. At the end of the last trading period, Centene closed at $95.73.

RBC Capital downgraded the previous rating for GDS Holdings Ltd (NASDAQ:GDS) from Outperform to Sector Perform. For the second quarter, GDS Holdings had an EPS of $0.32, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $48.42 and a 52-week-low of $19.83. GDS Holdings closed at $29.00 at the end of the last trading period.

For InterContinental Hotels Group PLC (NYSE:IHG), JP Morgan downgraded the previous rating of Overweight to Neutral. At the moment, the stock has a 52-week-high of $71.71 and a 52-week-low of $51.27. InterContinental Hotels closed at $59.96 at the end of the last trading period.

Benchmark downgraded the previous rating for iClick Interactive Asia Group Ltd (NASDAQ:ICLK) from Buy to Hold. In the second quarter, iClick Interactive Asia showed an EPS of $0.15, compared to $0.03 from the year-ago quarter. The current stock performance of iClick Interactive Asia shows a 52-week-high of $4.83 and a 52-week-low of $0.42. Moreover, at the end of the last trading period, the closing price was at $0.47.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Loop Capital initiated coverage on Altra Industrial Motion Corp (NASDAQ:AIMC). The price target seems to have been set at $58.00 for Altra Industrial Motion. In the second quarter, Altra Industrial Motion showed an EPS of $0.84, compared to $0.89 from the year-ago quarter. The current stock performance of Altra Industrial Motion shows a 52-week-high of $53.91 and a 52-week-low of $32.18. Moreover, at the end of the last trading period, the closing price was at $40.61.

Argus Research initiated coverage on Arthur J. Gallagher & Co (NYSE:AJG) with a Buy rating. The price target for Arthur J. Gallagher is set to $215.00. Arthur J. Gallagher earned $1.70 in the second quarter, compared to $1.17 in the year-ago quarter. The stock has a 52-week-high of $191.97 and a 52-week-low of $147.32. At the end of the last trading period, Arthur J. Gallagher closed at $191.08.

With a Neutral rating, DA Davidson initiated coverage on Patrick Industries Inc (NASDAQ:PATK). The price target seems to have been set at $65.00 for Patrick Industries. In the second quarter, Patrick Industries showed an EPS of $4.79, compared to $2.52 from the year-ago quarter. The current stock performance of Patrick Industries shows a 52-week-high of $83.19 and a 52-week-low of $49.79. Moreover, at the end of the last trading period, the closing price was at $60.64.

For Byline Bancorp Inc (NYSE:BY), Raymond James initiated coverage, by setting the current rating at Market Perform. In the second quarter, Byline Bancorp showed an EPS of $0.54, compared to $0.77 from the year-ago quarter. The current stock performance of Byline Bancorp shows a 52-week-high of $29.15 and a 52-week-low of $22.19. Moreover, at the end of the last trading period, the closing price was at $22.78.

With a Market Outperform rating, JMP Securities initiated coverage on Forge Global Holdings Inc (NYSE:FRGE). The price target seems to have been set at $10.00 for Forge Global Holdings. The stock has a 52-week-high of $47.50 and a 52-week-low of $3.21. At the end of the last trading period, Forge Global Holdings closed at $3.33.

With an Overweight rating, Piper Sandler initiated coverage on Verona Pharma PLC (NASDAQ:VRNA). The price target seems to have been set at $31.00 for Verona Pharma. Verona Pharma earned $0.32 in the second quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Verona Pharma shows a 52-week-high of $14.69 and a 52-week-low of $3.41. Moreover, at the end of the last trading period, the closing price was at $10.59.

With a Buy rating, Benchmark initiated coverage on The Middleby Corp (NASDAQ:MIDD). The price target seems to have been set at $190.00 for The Middleby. The Middleby earned $2.23 in the second quarter, compared to $2.11 in the year-ago quarter. The current stock performance of The Middleby shows a 52-week-high of $201.34 and a 52-week-low of $120.30. Moreover, at the end of the last trading period, the closing price was at $152.76.

See all analyst ratings initiations.

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