Stocks with Rating Upgrades: CHK, CSC, CTSH, DISH, MAT

PUBLISHED: Jan 10 2013 @ 13:15 | Comments (0) | More info about Ed Liston

Chesapeake Energy Corporation (NYSE:CHK): The stock is currently trading at $16.52, down 3.27 percent despite getting thumbs up from JPMorgan Chase. The stock oscillated in the range of $16.37 and $17.13 in the current trading session. It was rated Underweight and its new rating stands at Overweight.

Chesapeake Energy also got its price target upped from $15.50 to $20. In the past 52 weeks, the stock’s price range has been $13.32 and $26.09. Chesapeake Energy reported its latest EPS at -$1.20. The company stock’s beta stands at 1.15. Chesapeake Energy commands the market capitalization of $10.61 billion. The company is engaged in the business of acquiring and developing oil and natural gas properties. It also deals in midstream services. As on December 31, 2011, the company had 45,700 productive wells under its management. Chesapeake Energy was established in 1989 and is headquartered in Oklahoma.

Computer Sciences Corporation (NYSE:CSC): Computer Sciences now has Neutral rating from Goldman Sachs, up from its previous rating of Sell. Its stock traded in the range of $41.00 and $41.55 in the current trading session and at this point is at 41.28, up 0.45 percent. The stock’s price target is now set at $40, up from the previous price target of $32. It is trading above its 20 days moving average price of $41.18 and 50 days moving average price of $41.21. The stock’s highest price point of 52 weeks stands at $41.86 while its lowest price point is at $22.18. Computer Sciences recently completed the sale of its credit unit to Equifax. The deal was valued at $1 billion. Computer Sciences provides IT services to corporate and government clients. Its stock is trading at beta of 1.57. The company’s dividend yield stands at 2 percent.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): Goldman Sachs has upped its rating for Cognizant from Sell to Neutral. However, the stock is currently trading 0.09 percent down at $74.34. Cognizant commands market capitalization of $22.28 billion and its stock has traded in the range of $53.92 and $78.00 in the past 52 weeks. Its new price target is $40, whereas its older price target stood at $32. Cognizant stock’s beta is 1.21. It had reported its latest Earnings per Share at $3.30. The company offers IT consulting and outsourcing services. Cognizant also offers application design and development services. The company was established in 1998 and it is based out of New Jersey. Cognizant Technology offers its services to various industries such as financial services, communications, consumer goods and healthcare industry. The company is scheduled to announce its fourth quarter earnings on February 7, 2013. It will be releasing the numbers before market opens.

Dish Network Corp. (NASDAQ:DISH): The stock is trading at $36.97, 0.33 percent higher than its previous close. Dish Network is rated Buy by Wunderlich. Its previous rating was Hold. Its price target has been set at $42, up from previous target of $29. The stock has traded in the range of $36.77 and $37.27 in the current trading session. Dish Network commands market capitalization of $16.70 billion. It has traded 729k shares so far, in comparison to its daily average trading volume of 3.389 million shares. Dish Network recently made a bid for Clearwire at $3.30 per share. The total deal would be worth $5.5 billion. Clearwire already has Sprint’s bid at $2.97 per share. The company stock trades at Price Earnings ratio of 22.59 and its beta is at 0.9. The stock has traded in the range of $26.12 and $37.27 in the past 52 weeks.

Mattel Inc. (NASDAQ:MAT): Goldman Sachs rates Mattel at Buy with the price target of $41. The stock’s previous price target was at $38 and its rating was Neutral. Mattel stock traded in the range of $36.51 and $37.04 in the current trading session and at this point is at $36.72, down 0.24 percent. It is trading above its 20 days moving average price of $36.63 and 50 days moving average price of $36.64. The stock’s highest price point of 52 weeks stands at $37.96 while its lowest price point is at $27.99. Mattel stock is trading at Price Earnings ratio of 15.24 and its beta is 0.94. The company’s dividend yield stands at 3.38 percent. Mattel designs and markets toys globally.

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