Analyst Research Roundup: Equity Residential (EQR), Washington Prime Group Inc. (WPG)

Equity Residential (NYSE:EQR) tinted gains of +0.76% (+0.48 points) to US$ 63.26. The volume of 1.46 Million shares climbed down over an trading activity of 2.19 Million shares. EPS ratio determined by looking at last 12 month figures is 11.64. Over the same time span, the stock marked US$ 75.49 as its best level and the lowest price reached was US$ 58.28. The corporation has a market cap of US$ 23.14 Billion.

Equity Residential (NYSE:EQR)’s earnings per share has been growing at a 108.7 percent rate over the past 5 year when average revenue increase was noted as 9.7 percent. The return on equity ratio or ROE stands at 40.4 percent while most common profitability ratio return on investment (ROI) was 4.5 percent. The company’s institutional ownership is monitored at 97.8 percent. The company’s net profit margin has achieved the current level of 0 percent and possesses 66.8 percent gross margin.

FT reports, The 19 analysts offering 12 month price targets for Equity Residential have a median target of 65.00, with a high estimate of 70.00 and a low estimate of 56.00. The median estimate represents a 2.75% increase from the last price of 63.26.

Daily Analyst Recommendations

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. The forecast of 4 surveyed investment analysts covering the stock advises investors to Buy stake in the company. At present, 1 analysts call it Sell, while 20 think it is Hold. Recently, analysts have updated the overall rating to 3. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.

Washington Prime Group Inc. (NYSE:WPG) is worth US$ 1.74 Billion and has recently risen 0.22% to US$ 9.3. The latest exchange of 1.46 Million shares is below its average trading activity of 1.6 Million shares. The day began at US$ 9.26 but the price moved to US$ 9.17 at one point during the trading and finally capitulating to a session high of US$ 9.36. The stock tapped a 52-week high of US$ 14.15 while the mean 12-month price target for the shares is US$ 10.9.

Currently, the stock carries a price to earnings ratio of 31, a price to book ratio of 1.89, and a price to sales ratio of 2.07. For the past 5 years, the company’s revenue has grown 8.1%, while the company’s earnings per share has grown -22.1%. With an institutional ownership near 94.3%, it carries an earnings per share ratio of 0.3.

According to Financial Times, The 18 analysts offering 12 month price targets for Worldpay Group PLC have a median target of 326.00, with a high estimate of 400.00 and a low estimate of 278.00. The median estimate represents a 19.72% increase from the last price of 272.30.

Inside Look At Analysts Reviews

Latest analyst recommendations could offer little help to investors. The stock is a Buy among 0 brokerage firms polled by Factset Research. At present, 2 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 0 analysts call it Underweight, while 0 think it is Overweight. Recently, investment analysts covering the stock have updated the mean rating to 3.

The Wellesleys News

Analyst Research Roundup: Equity Residential (EQR), Washington Prime Group Inc. (WPG)

Earnings Estimates Revision Trends: Sinclair Broadcast Group, Inc. (SBGI)

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) was up +0.55% ($ 0.2) to $ 36.5 and showed a volume of 1.06 mln shares. It has ranged in price between $ 35.9-$ 36.6 after having started the session at $ 36.25 as compared to the previous trading day’s close of $ 36.3. The GAP was therefore -0.14%. Over the 52-week time span, the stock notched a high price of $ 36.6 and its minimum price was $ 24.15. The firm’s stock has a market capitalization of $ 3.22 bln.

The analysts offering 12 month price targets for Sinclair Broadcast Group, Inc. have a median target of $ 39, with a high estimate of $ 43 and a low estimate of $ 35. The median estimate represents a 6.85% increase from the last price.

According to Zacks brokerage recommendations, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)’s Buy count is 0 and Strong Buy is 4 while the number of analysts recommending Sell and Strong Sell are 0 and 1, respectively. Also, the Hold rating count is 0, as of 17 Feb 2017. The analyst recommendations from a month ago are 0 Buy, 4 Strong Buy, 0 Sell, 0 Hold and 1. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). The count of Hold ratings in that period was 0. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.4, indicating analysts in general look favorably on the company’s future prospects.

Now, the FactSet Research estimate calls for Q4 2016 earnings of US$ 1.35. A month ago, analyst EPS consensus estimated earnings of US$ 1.34 per share. They were forecasting US$ 1.36 per share three months ago. The Q1 2017 consensus earnings estimates for the company have stabilized at US$ 0.27 per share. A month ago, they told us to expect earnings of US$ 0.36 per share while three months ago their EPS consensus estimate was US$ 0.26.

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) soared 9.45% year-to-date. The shares have accelerated in recent weeks, with their price up about 15.8% in the past three months. SBGI rose 1.81%, climbed 15.87% and advanced 27.95% in the week, one month and six months, respectively. The most recent short interest data show 8.68% of the company’s stock are short sold. It would take about 5.47 days to cover all short positions. In terms of volatility, it has a beta coefficient of 1.89 and technical analysis volatility indicator called Average True Range or ATR around 1.03.

Sinclair Broadcast Group, Inc. (SBGI) closed 21.07% above its 200-day moving average and is 9.13% above another chart threshold, its 50-day moving average. The stock stands nearly -0.14% off versus the 52-week high and 52% away from the 52-week low. The number of shares currently owned by investors are 88.23 mln.

The Wellesleys News

Earnings Estimates Revision Trends: Sinclair Broadcast Group, Inc. (SBGI)

No So Fast. VHT v. Zillow Group Bodes Poorly for Rights Holders

While some are celebrating an $ 8.3 million dollar judgement against Zillow affirming they infringed on the copyrights of VHT, this really isn’t all that good for rights holders, nor the photographers that produced the images — they will not see a dime.

There were a total of 28,125 images that were alleged to have been infringed, and of those, 19,312 were registered. The defendant even went so far at one point to admit they infringed upwards of 5,000 images, yet the court found that of the 28,125 image that were infringed, 3,373 were willfully infringed, and awarded $ 1,500 per image (instead of what could or should have been as much as $ 150,000 per image had it not been a database registration) and of the 15,939 other images that were infringed, the court awarded $ 200 per infringement, and the actual damages awarded was $ 2.84 per image. (Yes, two dollars and 84 cents).  That equates to $ 79,875 as the actual damages that Zillow has to pay for what VHT claimed was 28,125 images infringed.

Of the $ 8.3 million dollars, all the work produced was done as a work-made-for-hire, where the photographers were paid $ 60.00 to photograph AND MEASURE each home. So, in addition to taking the photographs, they had to do the manual labor of measuring each room of the house as well, all for $ 60, and they will receive $ 0.00 because they did not own the copyright nor any rights to the photos.

VHT’s actual damages award	28,125	Rate: $ 2.84	79,875.00
Total actual damages from infringement eligible for statutory damages			54,846.08
Number of Image Infringed Willfully	3,373	Rate: $ 1,500	5,059,500.00
Number of Image Infringed Innocently	15,939	Rate: $ 200	3,187,800.00
Number of Images Infringed Neither Willfully nor Innnocently	0

Both sides are expected to appeal this ruling. As an interesting sidebar, this case was heard and decided by the same judge that issued a temporary restraining order halting President Trump’s Executive Order on immigration.

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No So Fast. VHT v. Zillow Group Bodes Poorly for Rights Holders

Analyst Stock Recommendations For Brixmor Property Group Inc. (BRX), Ellie Mae, Inc. (ELLI)

Brixmor Property Group Inc. (NYSE:BRX) tinted gains of +0.29% (+0.07 points) to US$ 24.4. The volume of 1.69 Million shares climbed up over an trading activity of 1.64 Million shares. EPS ratio determined by looking at last 12 month figures is 0.79. Over the same time span, the stock marked US$ 29.14 as its best level and the lowest price reached was US$ 22.53. The corporation has a market cap of US$ 7.42 Billion.

Brixmor Property Group Inc. (NYSE:BRX)’s earnings per share has been growing at a 20 percent rate over the past 5 year when average revenue increase was noted as 2.3 percent. The return on equity ratio or ROE stands at 8.3 percent while most common profitability ratio return on investment (ROI) was 0 percent. The company’s institutional ownership is monitored at 0 percent. The company’s net profit margin has achieved the current level of 18.6 percent and possesses 75.6 percent gross margin.

Daily Analyst Recommendations

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. The forecast of 8 surveyed investment analysts covering the stock advises investors to Buy stake in the company. At present, 0 analysts call it Sell, while 6 think it is Hold. Recently, analysts have updated the overall rating to 2.3. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.

Ellie Mae, Inc. (NYSE:ELLI) is worth US$ 3.26 Billion and has recently risen 8.99% to US$ 98.29. The latest exchange of 1.69 Million shares is below its average trading activity of 721.76K shares. The day began at US$ 93.64 but the price moved to US$ 92.74 at one point during the trading and finally capitulating to a session high of US$ 98.47. The stock tapped a 52-week high of US$ 109.99 while the mean 12-month price target for the shares is US$ 112.1.

Currently, the stock carries a price to earnings ratio of 99.58, a price to book ratio of 4.98, and a price to sales ratio of 9.92. For the past 5 years, the company’s revenue has grown 42.5%, while the company’s earnings per share has grown 80.1%. With an institutional ownership near 0%, it carries an earnings per share ratio of 0.99.

Inside Look At Analysts Reviews

Latest analyst recommendations could offer little help to investors. The stock is a Buy among 6 brokerage firms polled by Factset Research. At present, 5 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 0 analysts call it Underweight, while 0 think it is Overweight. Recently, investment analysts covering the stock have updated the mean rating to 2.6.

Analyst Stock Recommendations For Brixmor Property Group Inc. (BRX), Ellie Mae, Inc. (ELLI)

Biggest Movers in Financial Institutions: Credit Suisse Group AG (CS), ICICI Bank Limited (IBN)

Credit Suisse Group AG (NYSE:CS) shares ended at $ 14.74 with 4.68 mln shares exchanging hands. That puts the market capitalization at $ 30.27 bln. It opened the session with a $ 14.54 price tag, later ranging from $ 14.52 to $ 14.78, the range at which the stock has traded at throughout the day. The stock stands nearly -8.84% off versus the 52-week high and 47.25% away from the 52-week low. The number of shares currently owned by investors are 2.05 bln.

Sell-side analyst recommendations point to a short term price target of $ 14.95 on the shares of Credit Suisse Group AG (CS). The consensus rating is 2, indicating analysts in general look favorably on the company’s future prospects. It has been assigned a low target price of $ 8.88 and a high target price of $ 21.02.

The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. Current price places the company’s stock 10.18% away from its 200-day simple moving average, -2.04%, away from the 50-day average and also -3.99% away from 20-day average.

For this year, Credit Suisse Group AG (NYSE:CS) is performing 3%. Over the past five trading sessions it is -1.34%; -5.69% for the month; 14.89% for the last quarter; 25.66% for the past six-months; and 14.26% for the last 12 months. The last close places the company’s stock about $ 1.43 off its 52 week high of $ 16.17 and $ 4.73 above the 52 week low of $ 10.01.

ICICI Bank Limited (NYSE:IBN) closed up +0.09 points or 1.06% at $ 8.57 with 3.84 mln shares exchanging hands. Current price level places the company’s stock about -2.61% from the 52-week high and 69.9% away from the 52-week low. Sell-side analyst recommendations point to a short term price target of $ 9.17 on the company shares. The consensus rating is 1, indicating analysts in general look favorably on the company’s future prospects. It has been assigned a low target price of $ 6.49 and a high target price of $ 10.73.

ICICI Bank Limited (IBN) opened the session with a $ 8.52 price tag, later ranging from $ 8.52 to $ 8.59, the range at which the stock has traded at throughout the day. The stock stands nearly $ 0.28 off versus the 52-week high of $ 8.8 and $ 3.37 above the 52-week low of $ 5.15. The number of shares currently owned by investors are 2.91 bln. The current price change puts the market capitalization at $ 24.92 bln.

In an overview of the current analyst recommendations, Buy count is 27 and Overweight is 8 while the number of analysts recommending Sell and Underweight are 2 and 1, respectively. Also, the Hold rating count is 10 as of 02/09/17. The analyst recommendations from a month ago are 25 Buy, 8 Overweight, 1 Sell, 11 Hold and 1 Underweight. Investors might also notice that three month ago the Buy recommendations (25) outnumbered Sell recommendations (1). The count of Hold ratings in that period was 11.

Over the past five trading sessions shares of ICICI Bank Limited (NYSE:IBN) are 1.78%; 10.87% for the month; 4.51% for the last quarter; 19.53% for the past six-months; and 49.57% for the last 12 months. The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. Current price places the company’s stock 13.02% away from its 200-day simple moving average, 10.19%, away from the 50-day average and also 6.89% away from 20-day average. The stock is performing 14.42% year to date.

Biggest Movers in Financial Institutions: Credit Suisse Group AG (CS), ICICI Bank Limited (IBN)

The Failure of Visual China Group

VCG (blue line) 11/15/16 through 12/14/16, compared to the market composite index (orange line). Source: Bloomberg: VCG

Visual China Group (SHE:VCG), has seen a significant loss in the last month losing far more market value then the general malaise of the Shenzhen overall composite index.  This is important because, as VCG goes, so goes Getty Images. The highly regarded Selling Stock report on the turnaround potential of Getty Images concludes «There is almost no chance that Getty will regain any market share in the Midstock or Premium space. I expect revenue overall will continue to decline. The only question is how much, how fast.» (link here, 3/26/15.)

«How fast» is becoming more clear now. Visual China Group’s opening price on the Chinese stock market at ¥9.00 ($ 1.30USD) on February 3rd 2013 was met with a one-third loss by the close of trading that same day to ¥6.00 ($ 0.87USD) (Historical: SHE:000681, 2/8/2013)  . On June 5, 2015 it enjoyed it’s peak valuation at ¥65.87 ($ 9.54USD) and then plummeted along with the rest of the Shenzhen Stock Market, with CNN reporting (here) that the bubble burst with a 13% plunge in recent days, and by July 2015 the market had slightly stabilized (CNN here) , but VCG had dropped to just  ¥25.00 ($ 3.62USD) or roughly a two-thirds loss since it’s peak a month prior. 

vCG’s last peak of ¥40.69 was on December 31st of 2015, just a year ago, but as investors digested the January 22, 2016 news of VCG acquiring Corbis, the stock had dropped to ¥23.50 by late January, peaking briefly in late february to ¥31.28, and it’s been downhill ever since then, just 6 days later it dropped back down to ¥24.18 on 2/29/16. In the last month, VCG has dropped to a low of ¥19.13 as of the market close today, 12/14/16, over a 50% loss of value since December 2015, where the Shenzhen Stock Exchange Composite Index has shown a loss of approximately 12%. (Bloomberg — here ), so while the overall market recovered from the June 2015 bubble bursting somewhat, VCG has continued to falter, and falter significantly, further, and faster.

The Selling Stock analysis continued «While the demand for photography may be growing (Getty’s numbers certainly don’t show it) prices customers are willing to pay for photos and illustrations are declining more rapidly. The net result is that gross revenue generated by the industry is probably growing at a rate no greater then 5%. «

VCG acquired Corbis from Bill Gates in January 2016, and announced a $ 100 million USD investment in Getty Images in February, amidst it’s February 2016 peak, and then plummet. In February, VCG had a market value of $ 2.5 billion, this in contrast to the August 15, 2012 report in Fortune Magazine (here) which reported that The Carlyle Group (NASDAQ:CG) had acquired Getty Images for $ 3.3 billion). Clearly, VCG is seeing it’s own valuation plummet as many of it’s properties are failing. Certainly The Carlyle Group, which was around $ 25USD at the acquisition in 2012, is hovering around $ 15USD today, or a 40% decline since then.  

Just 10 months ago, we opined here «For those in the financial services sector, it’s just one more business to watch the numbers on. For those in the trenches of the industry Getty serves, Getty Images is dying a slow and agonizingly painful self-inflicted death. It’s like the shrewd investor analyst who actually goes to the farms in Kansas and sees first-hand the crops with lower yields, and gets out while they still can.» Since then, VCG has dropped approximately 61%. As we further opined, «Getty Images is near that point where the ships’ hull is about to break apart, just like the Titanic. Many with knowledge of this industry know just how low the metaphorical visual «crop yields» are…«. To quote the old Verizon commercial, «Can you hear me now?»

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The Failure of Visual China Group

NEX GROUP PLC ORDS GBP2.750366502593063 (NXG) Rating Reiterated by Macquarie

NEX GROUP PLC ORDS GBP2.750366502593063 (LON:NXG)‘s stock had its “neutral” rating restated by equities researchers at Macquarie in a research report issued on Tuesday. Separately, BNP Paribas initiated coverage on NEX GROUP PLC ORDS GBP2.750366502593063 in a report on Monday. They set an “outperform” rating and a GBX 530 ($ 6.45) price target on the stock. […]
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NEX GROUP PLC ORDS GBP2.750366502593063 (NXG) Rating Reiterated by Macquarie

Analyzing Analyst Recommendations: CBRE Group, Inc. (NYSE:CBG), QVC Group (NASDAQ:QVCA)

CBRE Group, Inc. (NYSE:CBG) tinted loss of -1.92% (-0.61 points) to US$ 31.2. The volume of 2.06 Million shares climbed down over an trading activity of 2.59 Million shares. EPS ratio determined by looking at last 12 month figures is 1.45. Over the same time span, the stock marked US$ 33.21 as its best level and the lowest price reached was US$ 22.74. The corporation has a market cap of US$ 10.41 Billion.

CBRE Group, Inc. (NYSE:CBG)’s earnings per share has been growing at a 22.1 percent rate over the past 5 year when average revenue increase was noted as 16.2 percent. The return on equity ratio or ROE stands at 17.2 percent while most common profitability ratio return on investment (ROI) was 7.2 percent. The company’s institutional ownership is monitored at 96.9 percent. The company’s net profit margin has achieved the current level of 3.8 percent and possesses 30.1 percent gross margin.

FT reports, The 12 analysts offering 12 month price targets for Close Brothers Group plc have a median target of 1,415.00, with a high estimate of 1,650.00 and a low estimate of 1,270.00. The median estimate represents a -3.28% decrease from the last price of 1,463.00.

Daily Analyst Recommendations

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. The forecast of 7 surveyed investment analysts covering the stock advises investors to Buy stake in the company. At present, 0 analysts call it Sell, while 3 think it is Hold. Recently, analysts have updated the overall rating to 1.8. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data.

QVC Group (NASDAQ:QVCA) is worth US$ 12.94 Billion and has recently fallen -0.41% to US$ 19.65. The latest exchange of 2.03 Million shares is below its average trading activity of 3.13 Million shares. The day began at US$ 19.75 but the price moved to US$ 19.57 at one point during the trading and finally capitulating to a session high of US$ 20.3002. The stock tapped a 52-week high of US$ 27.25 while the mean 12-month price target for the shares is US$ 30.

Currently, the stock carries a price to earnings ratio of 18.95, a price to book ratio of 1.87, and a price to sales ratio of 1.25. For the past 5 years, the company’s revenue has grown 0.5%, while the company’s earnings per share has grown -1.6%. With an institutional ownership near 91.6%, it carries an earnings per share ratio of 1.04.

According to Financial Times, The 9 analysts offering 12 month price targets for Liberty Interactive Group have a median target of 30.00, with a high estimate of 36.00 and a low estimate of 25.00. The median estimate represents a 52.67% increase from the last price of 19.65.

Inside Look At Analysts Reviews

Latest analyst recommendations could offer little help to investors. The stock is a Buy among 9 brokerage firms polled by Factset Research. At present, 0 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 0 analysts call it Underweight, while 0 think it is Overweight. Recently, investment analysts covering the stock have updated the mean rating to 1.7.

Analyzing Analyst Recommendations: CBRE Group, Inc. (NYSE:CBG), QVC Group (NASDAQ:QVCA)