The shares of NetApp, Inc. (NASDAQ:NTAP) has been pegged with a rating of Underperform by Cowen in its latest research note that was published on December 11th, 2018. The research company has also assigned a $53 price target. Cowen wasn’t the only research firm that published a report of NetApp, Inc., with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on November 15th, 2018, to Equal-Weight the NTAP stock while also putting a $72 price target. The stock had earned Buy rating from Maxim Group when it published its report on November 15th, 2018. That day the Maxim Group set price target on the stock to $89. The stock was given Neutral rating by Citigroup in its report released on November 15th, 2018, the day when the price target on the stock was placed at $77. Susquehanna was of a view that NTAP is Neutral in its latest report on October 23rd, 2018. Maxim Group thinks that NTAP is worth Buy rating. This was contained in the firm’s report on August 16th, 2018 in which the stock’s price target was also moved to $91.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $84.75. The price of the stock the last time has raised by 18.56% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 46.45.
The shares of the company added by 0.31% during the trading session on Friday, reaching a low of $60.52 while ending the day at $61.65. During the trading session, a total of 2.68 million shares were traded which represents a 21.95% incline from the average session volume which is 3.44M shares. NTAP had ended its last session trading at 61.46. NetApp, Inc. currently has a market cap of $15.91B, while its P/E ratio stands at 14.71, while its P/E earnings growth sits at 2.58, with a beta of 1.37. NetApp, Inc. debt-to-equity ratio currently stands at 1.17, while its quick ratio hovers at 1.60. NTAP 52-week low price stands at $52.00 while its 52-week high price is $88.08.
The company in its last quarterly report recorded $1.06 earnings per share which is above the $0.99 predicted by most analysts. The NetApp, Inc. generated $1,517.00 million in revenue during the last quarter, which is slightly higher than the $1,512.57 million predicted by analysts. In the second quarter last year, the firm recorded $1.04 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 1.89%. NetApp, Inc. has the potential to record 4.19 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Morgan Stanley published a research note on January 2nd, 2019 where it informed investors and clients that Baxter International Inc. (NYSE:BAX) is now rated as Overweight. Morgan Stanley also rated BAX as Reiterated on November 15th, 2018, with its price target of $72 suggesting that BAX could surge by 11.26% from its current share price. Even though the stock has been trading at $67.31/share, analysts expect it to surge higher by -0.74% to reach $75.29/share. It started the day trading at $67.04 and traded between $66.45 and $66.81 throughout the trading session.
A look at its technical shows that BAX’s 50-day SMA is 65.23 while its 200-day SMA stands at 70.38. The stock has a high of $78.38 for the year while the low is $61.05. The company’s P/E ratio currently sits at 20.28, while the P/B ratio is 3.91. The company’s average trading volume currently stands at 4.41M shares, which means that the short-interest ratio is just 1.41 days. Over the past seven days, the company moved, with its shift of 0.47%. Looking further, the stock has dropped -6.15% over the past 90 days while it lost -10.66% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more BAX shares, increasing its portfolio by +1.33% during the last quarter. This move now sees The Vanguard Group Inc purchasing 467,999 shares in the last quarter, thus it now holds 35,629,802 shares of BAX, with a total valuation of $2,345,153,568. Fidelity Management Research Co meanwhile bought more BAX shares in the recently filed quarter, changing its stake to $1,893,388,849 worth of shares. Third Point LLC followed the path by decreasing its BAX portfolio by -22.22% in the quarter. This means that Third Point LLC sold -8,000,000 shares in the last quarter and now controls 28,000,000 shares of the BAX stock, with the valuation hitting $1,842,960,000.
Similarly, BlackRock Fund Advisors decreased its Baxter International Inc. shares by -0.85% during the recently filed quarter. After selling -206,644 shares in the last quarter, the firm now controls 24,184,191 shares of Baxter International Inc. which are valued at $1,591,803,452. In the same vein, SSgA Funds Management Inc increased its Baxter International Inc. shares by during the most recent reported quarter. The firm bought 876,070 shares during the quarter which increased its stakes to 23,666,594 shares and is now valued at $1,557,735,217. Following these latest developments, around 0.09% of Baxter International Inc. stocks are owned by institutional investors and hedge funds.