Benzinga's Top Ratings Upgrades, Downgrades For May 4, 2023
Upgrades
According to OTR Global, the prior rating for Ritchie Bros Auctioneers Inc (NYSE:RBA) was changed from Mixed to Positive. For the fourth quarter, Ritchie Bros Auctioneers had an EPS of $0.68, compared to year-ago quarter EPS of $0.50. The current stock performance of Ritchie Bros Auctioneers shows a 52-week-high of $72.68 and a 52-week-low of $48.75. Moreover, at the end of the last trading period, the closing price was at $56.27.
For Louisiana-Pacific Corp (NYSE:LPX), TD Cowen upgraded the previous rating of Hold to Buy. In the first quarter, Louisiana-Pacific showed an EPS of $0.34, compared to $5.08 from the year-ago quarter. The current stock performance of Louisiana-Pacific shows a 52-week-high of $78.09 and a 52-week-low of $48.20. Moreover, at the end of the last trading period, the closing price was at $61.97.
For Builders FirstSource Inc (NYSE:BLDR), RBC Capital upgraded the previous rating of Sector Perform to Outperform. For the first quarter, Builders FirstSource had an EPS of $2.96, compared to year-ago quarter EPS of $3.90. The stock has a 52-week-high of $107.81 and a 52-week-low of $48.94. At the end of the last trading period, Builders FirstSource closed at $107.46.
For Verisk Analytics Inc (NASDAQ:VRSK), B of A Securities upgraded the previous rating of Underperform to Buy. In the first quarter, Verisk Analytics showed an EPS of $1.29, compared to $1.34 from the year-ago quarter. The current stock performance of Verisk Analytics shows a 52-week-high of $206.89 and a 52-week-low of $156.07. Moreover, at the end of the last trading period, the closing price was at $203.97.
For Ionis Pharmaceuticals Inc (NASDAQ:IONS), Citigroup upgraded the previous rating of Sell to Neutral. For the first quarter, Ionis Pharmaceuticals had an EPS of $0.68, compared to year-ago quarter EPS of $0.27. The stock has a 52-week-high of $48.82 and a 52-week-low of $31.46. At the end of the last trading period, Ionis Pharmaceuticals closed at $34.73.
For Neurocrine Biosciences Inc (NASDAQ:NBIX), Guggenheim upgraded the previous rating of Neutral to Buy. Neurocrine Biosciences earned $0.51 in the first quarter, compared to $0.30 in the year-ago quarter. The current stock performance of Neurocrine Biosciences shows a 52-week-high of $129.00 and a 52-week-low of $75.27. Moreover, at the end of the last trading period, the closing price was at $98.62.
According to Summit Insights Group, the prior rating for Qorvo Inc (NASDAQ:QRVO) was changed from Hold to Buy. Qorvo earned $0.26 in the fourth quarter, compared to $3.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $121.21 and a 52-week-low of $75.58. Qorvo closed at $93.62 at the end of the last trading period.
For Procore Technologies Inc (NYSE:PCOR), Goldman Sachs upgraded the previous rating of Neutral to Buy. Procore Technologies earned $0.01 in the first quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Procore Technologies shows a 52-week-high of $68.56 and a 52-week-low of $40.12. Moreover, at the end of the last trading period, the closing price was at $53.18.
TD Securities upgraded the previous rating for Louisiana-Pacific Corp (NYSE:LPX) from Hold to Buy. For the first quarter, Louisiana-Pacific had an EPS of $0.34, compared to year-ago quarter EPS of $5.08. The current stock performance of Louisiana-Pacific shows a 52-week-high of $78.09 and a 52-week-low of $48.20. Moreover, at the end of the last trading period, the closing price was at $61.97.
According to Wells Fargo, the prior rating for Cerevel Therapeutics Holdings Inc (NASDAQ:CERE) was changed from Equal-Weight to Overweight. Cerevel Therapeutics Hldg earned $0.67 in the first quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $41.43 and a 52-week-low of $19.88. At the end of the last trading period, Cerevel Therapeutics Hldg closed at $31.92.
According to B. Riley Securities, the prior rating for Hersha Hospitality Trust (NYSE:HT) was changed from Neutral to Buy. In the first quarter, Hersha Hospitality showed an EPS of $0.02, compared to $0.06 from the year-ago quarter. The current stock performance of Hersha Hospitality shows a 52-week-high of $12.13 and a 52-week-low of $5.75. Moreover, at the end of the last trading period, the closing price was at $6.02.
For Green Brick Partners Inc (NYSE:GRBK), B. Riley Securities upgraded the previous rating of Neutral to Buy. Green Brick Partners earned $1.37 in the first quarter, compared to $1.20 in the year-ago quarter. The current stock performance of Green Brick Partners shows a 52-week-high of $38.13 and a 52-week-low of $16.80. Moreover, at the end of the last trading period, the closing price was at $37.17.
For Blackbaud Inc (NASDAQ:BLKB), Baird upgraded the previous rating of Neutral to Outperform. In the first quarter, Blackbaud showed an EPS of $0.72, compared to $0.57 from the year-ago quarter. At the moment, the stock has a 52-week-high of $69.77 and a 52-week-low of $43.54. Blackbaud closed at $67.33 at the end of the last trading period.
According to Raymond James, the prior rating for Weave Communications Inc (NYSE:WEAV) was changed from Market Perform to Outperform. In the first quarter, Weave Communications showed an EPS of $0.05, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $6.93 and a 52-week-low of $2.99. At the end of the last trading period, Weave Communications closed at $4.26.
According to Raymond James, the prior rating for Wix.com Ltd (NASDAQ:WIX) was changed from Market Perform to Outperform. For the fourth quarter, Wix.com had an EPS of $0.61, compared to year-ago quarter EPS of $0.37. The current stock performance of Wix.com shows a 52-week-high of $101.55 and a 52-week-low of $53.12. Moreover, at the end of the last trading period, the closing price was at $75.36.
According to Goldman Sachs, the prior rating for Design Therapeutics Inc (NASDAQ:DSGN) was changed from Sell to Neutral. In the fourth quarter, Design Therapeutics showed an EPS of $0.31, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.30 and a 52-week-low of $4.90. Design Therapeutics closed at $7.19 at the end of the last trading period.
According to Goldman Sachs, the prior rating for Cemex SAB de CV (NYSE:CX) was changed from Neutral to Buy. Cemex earned $0.15 in the first quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $6.73 and a 52-week-low of $3.20. At the end of the last trading period, Cemex closed at $6.31.
See all analyst ratings upgrades.
Downgrades
According to B of A Securities, the prior rating for Upwork Inc (NASDAQ:UPWK) was changed from Buy to Neutral. Upwork earned $0.01 in the first quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $25.05 and a 52-week-low of $7.95. At the end of the last trading period, Upwork closed at $8.14.
For Incyte Corp (NASDAQ:INCY), B of A Securities downgraded the previous rating of Buy to Neutral. Incyte earned $0.37 in the first quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $86.29 and a 52-week-low of $65.07. Incyte closed at $68.04 at the end of the last trading period.
For QuinStreet Inc (NASDAQ:QNST), Craig-Hallum downgraded the previous rating of Buy to Hold. In the third quarter, QuinStreet showed an EPS of $0.11, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $18.18 and a 52-week-low of $8.29. At the end of the last trading period, QuinStreet closed at $9.70.
Susquehanna downgraded the previous rating for Frontier Group Holdings Inc (NASDAQ:ULCC) from Positive to Neutral. Frontier Group Holdings earned $0.05 in the first quarter, compared to $0.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.24 and a 52-week-low of $8.19. Frontier Group Holdings closed at $9.54 at the end of the last trading period.
DA Davidson downgraded the previous rating for PacWest Bancorp (NASDAQ:PACW) from Buy to Neutral. In the first quarter, PacWest Banc showed an EPS of $0.66, compared to $1.01 from the year-ago quarter. The stock has a 52-week-high of $34.68 and a 52-week-low of $5.00. At the end of the last trading period, PacWest Banc closed at $6.42.
According to Wedbush, the prior rating for Diebold Nixdorf Inc (NYSE:DBD) was changed from Outperform to Neutral. Diebold Nixdorf earned $0.85 in the first quarter, compared to $1.61 in the year-ago quarter. The stock has a 52-week-high of $5.26 and a 52-week-low of $0.44. At the end of the last trading period, Diebold Nixdorf closed at $0.45.
For SiTime Corp (NASDAQ:SITM), Needham downgraded the previous rating of Buy to Hold. For the first quarter, SiTime had an EPS of $0.09, compared to year-ago quarter EPS of $0.94. At the moment, the stock has a 52-week-high of $234.44 and a 52-week-low of $73.10. SiTime closed at $106.54 at the end of the last trading period.
According to TD Cowen, the prior rating for Spirit AeroSystems Holdings Inc (NYSE:SPR) was changed from Outperform to Market Perform. For the first quarter, Spirit AeroSystems Hldgs had an EPS of $1.69, compared to year-ago quarter EPS of $0.03. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of $43.50 and a 52-week-low of $21.15. Moreover, at the end of the last trading period, the closing price was at $26.28.
For TriplePoint Venture Growth BDC Corp (NYSE:TPVG), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the first quarter, TriplePoint Venture Gwth had an EPS of $0.53, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $16.37 and a 52-week-low of $10.10. At the end of the last trading period, TriplePoint Venture Gwth closed at $10.73.
For Builders FirstSource Inc (NYSE:BLDR), Baird downgraded the previous rating of Outperform to Neutral. For the first quarter, Builders FirstSource had an EPS of $2.96, compared to year-ago quarter EPS of $3.90. At the moment, the stock has a 52-week-high of $107.81 and a 52-week-low of $48.94. Builders FirstSource closed at $107.46 at the end of the last trading period.
According to Baird, the prior rating for IVERIC bio Inc (NASDAQ:ISEE) was changed from Outperform to Neutral. For the fourth quarter, IVERIC bio had an EPS of $0.47, compared to year-ago quarter EPS of $0.29. At the moment, the stock has a 52-week-high of $38.25 and a 52-week-low of $8.88. IVERIC bio closed at $37.21 at the end of the last trading period.
According to Raymond James, the prior rating for Revolve Group Inc (NYSE:RVLV) was changed from Outperform to Market Perform. In the first quarter, Revolve Gr showed an EPS of $0.19, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $44.32 and a 52-week-low of $19.71. At the end of the last trading period, Revolve Gr closed at $20.01.
According to Citigroup, the prior rating for Wingstop Inc (NASDAQ:WING) was changed from Buy to Neutral. For the first quarter, Wingstop had an EPS of $0.59, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $221.30 and a 52-week-low of $67.75. At the end of the last trading period, Wingstop closed at $217.95.
According to Goldman Sachs, the prior rating for Fulcrum Therapeutics Inc (NASDAQ:FULC) was changed from Buy to Neutral. In the fourth quarter, Fulcrum Therapeutics showed an EPS of $0.50, compared to $0.58 from the year-ago quarter. The current stock performance of Fulcrum Therapeutics shows a 52-week-high of $15.00 and a 52-week-low of $2.25. Moreover, at the end of the last trading period, the closing price was at $2.93.
According to Jefferies, the prior rating for DHT Holdings Inc (NYSE:DHT) was changed from Buy to Hold. For the first quarter, DHT Holdings had an EPS of $0.23, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $12.13 and a 52-week-low of $4.99. At the end of the last trading period, DHT Holdings closed at $9.03.
See all analyst ratings downgrades.
Initiations
With a Buy rating, UBS initiated coverage on Ferguson PLC (NYSE:FERG). The price target seems to have been set at $165.00 for Ferguson. For the second quarter, Ferguson had an EPS of $1.91, compared to year-ago quarter EPS of $1.93. At the moment, the stock has a 52-week-high of $149.81 and a 52-week-low of $99.24. Ferguson closed at $139.50 at the end of the last trading period.
With a Buy rating, HC Wainwright & Co. initiated coverage on Absci Corp (NASDAQ:ABSI). The price target seems to have been set at $4.00 for Absci. Absci earned $0.21 in the fourth quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $7.03 and a 52-week-low of $1.17. At the end of the last trading period, Absci closed at $1.25.
DA Davidson initiated coverage on ZoomInfo Technologies Inc (NASDAQ:ZI) with a Buy rating. The price target for ZoomInfo Technologies is set to $30.00. ZoomInfo Technologies earned $0.24 in the first quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.42 and a 52-week-low of $20.72. ZoomInfo Technologies closed at $21.45 at the end of the last trading period.