ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

2 Upgrades and 2 Downgrades to Note: OSTK, VRTX, COH, APA

Share On Facebook
share on Linkedin
Print

Overstock.com Inc. (NASDAQ:OSTK): The company reported better than expected quarterly results and consequently received rating upgrades from various research companies. Bank of America raised the company’s rating from Neutral to Buy while increasing the price target from $12 to $20. Similarly, Merrill Lynch also raised the rating from Neutral to Buy for Overstock.com.

© Mike Hodges

The stock is currently trading at $19.13, up 2.14 percent. It is trading above its 20 days moving average price of $19.00. The stock oscillated in the range of $18.36 and $19.23 in the current trading session. The company stock’s beta stands at 1.30, implying mildly high volatility. Overstock.com commands the market capitalization of $447.80 million. The stock gained 232.09 percent of its value in the past 52 weeks, while it has gained 36.88 percent in 2013 so far. It has traded in the range of $5.39 and $19.25 in the past 52 weeks.

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX): The stock is trading at $83.07, 2.97 percent lower than its previous close. The company recently received positive test results for its cystic fibrosis drug and also gained rating upgrades in the process. Vertex Pharmaceuticals received rating upgrade from Goldman Sachs as it upped the pharma company from Sell to Neutral. Its price target has been raised from $38 to $86. Canaccord Genuity, on the other hand, increased the price target from $55 to $96. Its rating has also been upped from Hold to Buy. The company stock has traded in the range of $82.34 and $87.47 in the current trading session, creating its new 52 weeks high. It has traded 3.54 million shares so far, in comparison to its daily average trading volume of 2.56 million shares. Vertex Pharmaceuticals stock is currently trading below its 20 days moving average price of $83.14. The stock has gained 127.04 percent of its value in the past 52 weeks period. The company stock trades at beta of 0.28, implying low volatility. Vertex Pharmaceuticals’ current market capitalization stands at $18.12 billion.

Coach Inc. (NYSE:COH): The luxury goods company has received a barrage of downgrades. Robert W. Baird downgraded the stock from Outperform to neutral. The research firm stated, “Our annual handbag survey suggests continued market share pressure, which we believe will continue to dampen investor enthusiasm. While positive on Coach’s reinvigorated lifestyle strategy, we expect benefits to take time; similarly, we anticipate the contribution from men’s and international to gradually build.” The stock’s price target was also slashed from $61 to $59. Its stock traded in the range of $50.29 and $24.45 in the current trading session and at this point is at $51.12, down 0.16 percent. Vertex Pharmaceuticals traded 3.19 million shares in this session so far, in comparison to its regular trading volume of 5.71 million. The stock’s highest price point of 52 weeks stands at $51.45 while its lowest price point is at $50.29. Vertex Pharmaceuticals stock is down 32.39 percent in the past 52 weeks while it lost 5.78 percent in 2013 so far. Its stock is trading at Price Earnings ratio of 14.10 and its beta is 1.59. The company’s dividend yield stands at 2.35 percent. Coach stock also downgraded by Citigroup which lowered the rating from Equal Weight to Sell.

Apache Corp. (NYSE:APA): The stock is trading 0.31 percent lower, at $68.63. The stock is currently at its 52 weeks low and has been downgraded by Morgan Stanley from Overweight to Equal Weight. Oppenheimer also lowered the rating for the stock from Outperform to Market Perform. The company has traded 1.74 million shares in the current trading sessions so far and its stock has traded in the range of $67.91 and $98.20 in the past 52 weeks. The stock is down 10.94 percent in the year 2013 so far. The company stock’s beta is 1.36, while its P/E ratio stands at 14.11. Apache Corp. commands market capitalization of $26.88 billion and its stock is currently trading below its 20 days moving average price of $74.33. JPMorgan’s new rating for the stock is at neutral, while its older rating stood at Overweight. However, its new price target has been set at $95. JPMorgan cited the concerns about the growth of the company as the main reason for the downgrade. Its lack of growth catalyst also contributed the rating downgrade.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com