Equities Research Analysts’ Updated EPS Estimates for July, 20th (AAV, APA, APC, ARI, AXP, BAC, BTO, CCK, CLR, DVN)

Equities Research Analysts’ updated eps estimates for Thursday, July 20th:

Advantage Oil & Gas (TSE:AAV) (NYSE:AAV) was downgraded by analysts at Royal Bank Of Canada from an outperform rating to a sector perform rating. Royal Bank Of Canada currently has C$11.00 price target on the stock, down from their previous price target of C$12.00.

Apache Corporation (NYSE:APA) had its hold rating reissued by analysts at Royal Bank Of Canada. The firm currently has a $55.00 target price on the stock.

Anadarko Petroleum Corporation (NYSE:APC) had its buy rating reissued by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $62.00 target price on the stock.

Apollo Commercial Real Estate Finance (NYSE:ARI) had its buy rating reiterated by analysts at Royal Bank Of Canada. The firm currently has a $19.00 target price on the stock.

American Express (NYSE:AXP) had its buy rating reissued by analysts at Barclays PLC. They currently have a $83.00 target price on the stock.

Bank of America Corporation (NYSE:BAC) had its buy rating reaffirmed by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $26.00 target price on the stock.

B2Gold Corp. (TSE:BTO) (NYSE:BTG) had its outperform rating reissued by analysts at BMO Capital Markets. The firm currently has a C$5.00 price target on the stock.

Crown Holdings (NYSE:CCK) had its hold rating reaffirmed by analysts at KeyCorp. The analysts wrote, “We are increasing our 2017 adj. EPS estimate from $3.95 to $4.02 (guidance is $3.90- $4.05) on account of fewer shares outstanding, lower interest expense, lower D&A expense, and better operations; we had already incorporated a $1.14 euro rate into our estimates two weeks ago. Of CCK’s $0.07-$0.08 guidance increase, $0.03-$0.04 was FX, ~$0.02 was lower interest expense, and the rest was better operations. CCK did not increase its FCF guidance on account of a one-time payment, which offset the boost to net income guidance. Consequently, we are maintaining our 2017 FCF estimate of $365 million, which is lower than CCK’s guidance of $425 million because we are deducting dividends to minority interests (which the Company does not). For perspective, dividends to minorities in 1H17 were $37 million. We are assuming flat FCF in 2018 because we expect capex to be the same as in 2017 ($450 million). Our 2018 adj.””

Continental Resources (NYSE:CLR) had its buy rating reissued by analysts at Royal Bank Of Canada. They currently have a $46.00 target price on the stock.

Devon Energy Corporation (NYSE:DVN) had its buy rating reiterated by analysts at Royal Bank Of Canada. The firm currently has a $43.00 price target on the stock.

Encana Corporation (NYSE:ECA) (TSE:ECA) had its buy rating reiterated by analysts at Royal Bank Of Canada. They currently have a $12.00 price target on the stock.

EQT (NYSE:EQT) had its hold rating reissued by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $78.00 price target on the stock.

Fairmount Santrol Holdings (NYSE:FMSA) had its buy rating reaffirmed by analysts at Royal Bank Of Canada.

Freshpet (NASDAQ:FRPT) had its buy rating reaffirmed by analysts at Stifel Nicolaus.

Halliburton (NYSE:HAL) had its buy rating reiterated by analysts at Royal Bank Of Canada. They currently have a $60.00 target price on the stock.

Helmerich & Payne (NYSE:HP) had its hold rating reissued by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $65.00 price target on the stock.

County Bancorp (NASDAQ:ICBK) had its buy rating reaffirmed by analysts at Maxim Group. Maxim Group currently has a $33.00 price target on the stock. The analysts wrote, “Changes in the Farm Service Agency (FSA) government-guaranteed loan programs (of which ICBK is the largest user) reduced 2Q17 revenues, contributing to an earnings miss (EPS of $0.29 versus consensus of $0.45).””

Independence Contract Drilling (NYSE:ICD) had its buy rating reissued by analysts at Royal Bank Of Canada. The firm currently has a $7.00 price target on the stock.

Keryx Biopharmaceuticals (NASDAQ:KERX) had its buy rating reaffirmed by analysts at Maxim Group. They currently have a $9.00 price target on the stock. The analysts wrote, “Summary Conclusion: We see little to no effect from this news on the commercial outlook for Auryxia.””

KeyCorp (NYSE:KEY) was upgraded by analysts at DA Davidson from a neutral rating to a buy rating.

The Kraft Heinz (NASDAQ:KHC) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Kraft Heinz enjoys long-standing consumer recognition. Strong brand portfolio, cost savings initiatives, innovation and marketing efforts boost the growth prospects of the company. Though the company’s net sales have been relatively soft, cost savings have led to better profits. However, shares have underperformed the Zacks categorized Food-Miscellaneous/Diversified industry so far this year. Soft spending by U.S. shoppers and shift in consumer preference toward natural and organic ingredients over packaged and processed food are hurting the company’s categories. Again, unfavorable currency translation is a major headwind for Kraft Heinz that is likely to hurt results in 2017.”

K2M Group Holdings (NASDAQ:KTWO) had its buy rating reiterated by analysts at Royal Bank Of Canada. The firm currently has a $26.00 price target on the stock.

Lockheed Martin Corporation (NYSE:LMT) had its hold rating reissued by analysts at Royal Bank Of Canada.

Morgan Stanley (NYSE:MS) had its buy rating reiterated by analysts at BMO Capital Markets. They currently have a $61.00 target price on the stock.

Matador Resources (NYSE:MTDR) had its buy rating reissued by analysts at Royal Bank Of Canada. The firm currently has a $28.00 price target on the stock.

Noble Energy (NYSE:NBL) had its buy rating reissued by analysts at Royal Bank Of Canada. The firm currently has a $38.00 target price on the stock.

NCS Multistage Holdings (NASDAQ:NCSM) had its buy rating reiterated by analysts at Royal Bank Of Canada. The firm currently has a $30.00 target price on the stock.

Noble Corporation (NYSE:NE) had its sell rating reiterated by analysts at Royal Bank Of Canada. The firm currently has a $5.00 target price on the stock.

Newfield Exploration (NYSE:NFX) had its buy rating reaffirmed by analysts at Royal Bank Of Canada. The firm currently has a $42.00 target price on the stock.

NetScout Systems (NASDAQ:NTCT) had its hold rating reaffirmed by analysts at Royal Bank Of Canada.

NuVasive (NASDAQ:NUVA) had its buy rating reiterated by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $85.00 price target on the stock.

Oasis Petroleum (NYSE:OAS) had its buy rating reissued by analysts at Royal Bank Of Canada. They currently have a $14.00 target price on the stock.

Oceaneering International (NYSE:OII) had its sell rating reiterated by analysts at Royal Bank Of Canada. They currently have a $25.00 price target on the stock.

POSCO (NYSE:PKX) was upgraded by analysts at CLSA from an underperform rating to an outperform rating.

Painted Pony Energy (TSE:PONY) was downgraded by analysts at Royal Bank Of Canada from an outperform rating to a sector perform rating. The firm currently has C$6.00 price target on the stock, down from their previous price target of C$8.00.

Patterson-UTI Energy (NASDAQ:PTEN) had its buy rating reaffirmed by analysts at Royal Bank Of Canada. They currently have a $29.00 price target on the stock.

Asante Solutions (NASDAQ:PUMP) had its buy rating reiterated by analysts at Royal Bank Of Canada. They currently have a $19.00 price target on the stock.

Rowan Companies PLC (NYSE:RDC) had its sell rating reaffirmed by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $13.50 target price on the stock.

Rex Energy Corporation (NASDAQ:REXX) had its buy rating reiterated by analysts at Royal Bank Of Canada. They currently have a $4.00 price target on the stock.

RSP Permian (NYSE:RSPP) had its buy rating reaffirmed by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $44.00 target price on the stock.

Cantor Fitzgerald began coverage on shares of Revance Therapeutics (NASDAQ:RVNC). The firm issued a buy rating and a $50.00 price target on the stock. The analysts wrote, “Glabellar lines (aesthetic). If approved, Revance’s product would target an ~ $1B opportunity in glabellar lines. We expect positive Phase 3 data from Sakura 1 & 2 in 4Q17. Revance already reported positive Phase 2 data in 2015. The BELMONT Phase 2 study achieved a 6-month duration of effect, which is longer than currently approved glabellar line treatments that last 3-4 months. One of those products is Allergan’s Botox, which had 2016 worldwide sales of $2.8B for all indications. Revance also plans to explore applications of its product to other areas of the face.””

Starbucks Corporation (NASDAQ:SBUX) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Starbucks’s operating fundamentals such as solid global retail footprint, successful innovations, best-in-class loyalty program and digital offerings remain strong. Again, digital initiatives like mobile order/pay, delivery services and third-party loyalty partnerships can stimulate stronger sales trends in the Americas. CPG growth across the world as well as China/Asia expansion will also enhance value creation. These initiatives might benefit the company in the long run. However, the consequential increment in spending is likely to create pressure on its bottom line in the near term. Also, economic, geopolitical and consumer headwinds continue to impact Starbucks’ results. Meanwhile, the company’s shares have underperformed the Zacks categorized Retail-Food & Restaurants industry so far this year.”

Sanchez Energy Corporation (NYSE:SN) had its buy rating reaffirmed by analysts at Royal Bank Of Canada. The firm currently has a $10.00 price target on the stock.

Southwestern Energy (NYSE:SWN) had its hold rating reiterated by analysts at Royal Bank Of Canada. They currently have a $9.00 price target on the stock.

Syntel (NASDAQ:SYNT) had its hold rating reiterated by analysts at Maxim Group. The analysts wrote, “We believe the biggest impediment to growth remains customer concentration, as revenue from its largest customer, American Express declined 11% sequentially, and still represented 16.6% of 2Q17 revenue.””

TRANSAT AT (TSE:TRZ) was upgraded by analysts at CIBC from an underperform rating to a neutral rating. The firm currently has C$9.50 target price on the stock, up from their previous target price of C$7.00.

TRANSAT AT (TSE:TRZ) was upgraded by analysts at Desjardins from a hold rating to a buy rating. The firm currently has C$9.00 price target on the stock, up from their previous price target of C$7.50.

TriState Capital Holdings (NASDAQ:TSC) had its buy rating reaffirmed by analysts at Stephens. They currently have a $30.00 price target on the stock.

Tesoro Corporation (NYSE:TSO) had its hold rating reiterated by analysts at Royal Bank Of Canada. The firm currently has a $100.00 price target on the stock.

Tetra Technologies (NYSE:TTI) had its hold rating reiterated by analysts at Royal Bank Of Canada. They currently have a $3.25 price target on the stock.

UnitedHealth Group (NYSE:UNH) had its buy rating reiterated by analysts at Royal Bank Of Canada. They currently have a $212.00 target price on the stock.

Varonis Systems (NASDAQ:VRNS) had its buy rating reaffirmed by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $42.00 target price on the stock.

Wabco Holdings (NYSE:WBC) had its buy rating reaffirmed by analysts at Royal Bank Of Canada. Royal Bank Of Canada currently has a $137.00 price target on the stock.

Wendy’s Company (The) (NASDAQ:WEN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $18.00 price target on the stock. According to Zacks, “Wendy’s shares outpaced the Zacks classified Retail–Restaurants industry in the last one year. It has mostly positive record of earnings surprises in recent quarters and estimates have been stable ahead of its Q2 earnings release. Sales initiatives like menu innovation and promotional offerings are driving growth at Wendy’s. Increased investments in technology should quicken service and result in higher customer count. Reimaging of restaurants is also expected to boost traffic and drive sales. Yet, Wendy’s revenues have been declining year over year over the past few quarters given lower company-operated restaurants count. Though Wendy’s transition to a franchise-based business model has been weighing on revenues, it is likely to lower G&A expenses and boost earnings, 2017 onwards. Its international business is poised to be a long-term growth driver too. Yet, rising costs and a soft industry backdrop raise concern.”

Xilinx (NASDAQ:XLNX) had its hold rating reaffirmed by analysts at Vetr.

Get Analysts’ Upgrades and Downgrades Daily – Enter your email address below to receive a concise daily summary of analysts’ upgrades, downgrades and new coverage with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published.

eighteen − 1 =