Prabhudas Lilladher's research report on Cummins India
Cummins' (KKC's) Q1FY19 PAT was up 10.2%YoY at Rs1.83bn which was in line with our estimates. Domestic sales were down 7% YoY due to high base of last years and supply constraints with few vendors, however KKC expect to recover lost sales during the course of the year. Exports sales were up 12% YoY led by strong bounce back in LHP sales (up 26% YoY). Margin beat was led by better mix.
Outlook
We remain positive on KKC, given its strong domestic outlook, gradual likely revival of export markets and strong history of delivering on cost rationalization and healthy cash flows. While we have increased our margin assumption, increase in tax rate has led to earning cut of ~3% for FY19/20. We maintain "BUY" with a revised TP of Rs836.
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Top 10 Medical Stocks To Watch Right Now: Atlas Air Worldwide Holdings(AAWW)
Atlas Air Worldwide Holdings, Inc. provides air cargo and outsourced aircraft operating solutions worldwide. The company operates through four segments: Aircraft, Crew, Maintenance, and Insurance (ACMI); Air Mobility Command (AMC) Charter; Commercial Charter; and Dry Leasing. The ACMI segment offers aircraft that is crewed, maintained, and insured by the company for lease. The AMC Charter segment provides full planeload charter flights to the U.S. military. The Commercial Charter segment provides planeload of capacity charter services to charter brokers, freight forwarders, direct shippers, and airlines. The Dry Leasing segment provides for the leasing of aircraft and/or engines to customers. The company operates a fleet of Boeing 747 freighters. Its customers include airlines, express delivery providers, freight forwarders, the U.S. military, and charter brokers. It operates in Asia, the Middle-East, Australia, Europe, South America, Africa, and North America. As of Decem ber 31, 2009, the company operated a fleet of 747-400 freighter aircraft. Atlas Air Worldwide Holdings was founded in 1992 and is based in Purchase, New York.
Advisors' Opinion:- [By Motley Fool Transcribing]
Atlas Air Worldwide Holdings (NASDAQ:AAWW) Q4 2018 Earnings Conference CallFeb. 19, 2019 11:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Logan Wallace]
BidaskClub upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Atlas Air Worldwide (AAWW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Atlas Air Worldwide (NASDAQ:AAWW) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.
Top 10 Medical Stocks To Watch Right Now: Entree Gold Inc(EGI)
Entrée Gold Inc., an exploration stage company, explores for and develops mineral resource properties located in Mongolia, the United States, Peru and Australia. Its principal properties include the Lookout Hill property in Mongolia, which comprise the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposits; and the Ann Mason project in Nevada that consists of the Ann Mason copper-molybdenum and the Blue Hill copper deposits. The company was formerly known as Entrée Resources Inc. and changed its name to Entrée Gold Inc. in October 2002. Entrée Gold Inc. was founded in 1995 and is headquartered in Vancouver, Canada.
Get a free copy of the Zacks research report on Entree Resources (EGI) For more information about research offerings from Zacks Investment Research, visit Zacks.com Black Stone Minerals, L.P., together with its subsidiaries, owns oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 14.6 million acres; nonparticipating royalty interests in 1.3 million acres; and overriding royalty interests in 1.4 million acres in the Bakken/Three Forks, Eagle Ford Shale, Wolfcamp, Haynesville/Bossier, and Fayetteville Shale plays, as well as in the Lower Wilcox and Canyon Lime plays located in 41 states and in 61 onshore basins in the continental United States. It also owns other working interests, unrelated to mineral and royalty assets primarily in the Anadarko Basin, as well as in Permian and Powder River Basins. As of December 31, 2015, the company had a total estimated proved oil and natural gas reserves of 49,788 thousand barrels of oil equivalent. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas. Black Stone Minerals LP (NYSE:BSM)Q4 2018 Earnings Conference CallFeb. 26, 2019, 10:00 a.m. ET Operator Get a free copy of the Zacks research report on Black Stone Minerals (BSM) For more information about research offerings from Zacks Investment Research, visit Zacks.com Computer Task Group, Incorporated operates as an information technology (IT) solutions and staffing services company in North America and Europe. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components. The company's IT and other staffing solutions include recruiting, retaining, and managing IT and other talent primarily for technology service providers and companies with multiple locations. It also provides IT services for the healthcare provider market that include clinical systems integration and implementation, application management, technology support for medical imaging, training, and technical resources. The company serves technology service and healthcare providers, health insurers, and diversified industrials markets, as well as manufacturing, life sciences, and financial services companies. The company was founded in 1966 and is headquartered in Buffalo, New York. Computer Task Group (NASDAQ:CTG) and Endava (NYSE:DAVA) are both small-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, risk, institutional ownership, valuation, dividends and profitability. Get a free copy of the Zacks research report on Computer Task Group (CTG) For more information about research offerings from Zacks Investment Research, visit Zacks.com Computer Task Group (NASDAQ:CTG) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “Computer Task Group, Incorporated provides information technology (IT) staffing, IT solutions, and application management outsourcing services in North America and Europe. The company’s staffing services consist of recruiting, retaining, and managing IT talent for its clients. Its IT solutions include helping clients assess their business needs and identifying the IT solutions for these needs, as well as the delivery of services, including the selection and implementation of packaged software, and the design, construction, testing, and integration of new systems. It serves primarily technology service providers, financial services, healthcare, and life sciences market areas.Computer Task Group was founded in 1966 by Randolph A. Marks and G. David Bae. The company is headquartered in Buffalo, New York “ BB&T Corporation (BB&T), incorporated on September 24, 1968, is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. The Company's segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals through over 2,140 offices. The Company's total loans amount to approximately $136,986 million. It offers a range of securities, which include the United States treasury, the United States government-sponsored enterprise (GSE), agency mortgage-backed securities (MBS), states and political subdivisions, non-agency MBS, securities acquired from Federal Deposit Insurance Corporation (FDIC) and other. Its total securities amount to approximately $43,827 million. Deposits are the primary source of funds for lending and investing activities. The Company's deposits include noninterest-bearing deposits, interest checking, money market and savings, time deposits and foreign office deposits-interest-bearing. Its total deposits amount to approximately $149,124 million. Branch Bank's principal operating subsidiaries include BB&T Equipment Finance Corporation , BB&T Insurance Services, Inc., BB&T Investment Services, Inc., CRC Insurance Services, Inc., Crump Life Insurance Services, Inc., Grandbridge Real Estate Capital, LLC (Grandbridge), McGriff, Seibels & Williams, Inc., Prime Rate Premium Finance Corporation, Inc. and Susquehanna Commercial Finance, Inc. The Company's nonbank subsidiaries include BB&T Securities, LLC, Regional Acceptance Corporation and Sterling Capital Management, LLC. The Company's subsidiaries offer a rang! e of retail and commercial services to retail and commercial clients. Its retail services include asset management, automobile lending, bankcard lending, consumer finance, home equity lending, home mortgage lending, insurance, investment brokerage services, mobile/online banking, payment solutions, retail deposit services, sales finance, small business lending and wealth management/private banking. Its commercial services include asset management, association services, capital markets services, commercial deposit services, commercial finance, commercial middle market lending, commercial mortgage lending, corporate banking, institutional trust services, insurance, insurance premium finance, international banking services, leasing, merchant services, mortgage warehouse lending, payment solutions, private equity investments, real estate lending and supply chain management. Community Banking The Company's Community Banking segment serves individual and business clients by offering a range of loan and deposit products and other financial services. It serves client relationships and includes certain revenues from the residential mortgage banking, financial services, insurance services, specialized lending and other segments. Residential Mortgage Banking The Company's Residential Mortgage Banking segment retains and services mortgage loans originated by Community Banking, as well as those purchased from various correspondent originators. Mortgage loan products include fixed and adjustable rate government and conventional loans for the purpose of constructing, purchasing or refinancing residential properties. BB&T retains the servicing rights to loans sold. Residential Mortgage Banking earns interest on loans held in the warehouse and portfolio and includes origination and servicing of mortgage loans. Dealer Financial Services The Company's Dealer Financial Services segment originates loans to consumers on a prime and nonprime basis f! or the pu! rchase of automobiles. These loans are originated on an indirect basis through approved franchised and independent automobile dealers throughout the BB&T market area and through Regional Acceptance Corporation across the nation. This segment also originates loans for the purchase of boats and recreational vehicles originated through dealers in BB&T's market area. In addition, financing and servicing to dealers for their inventories is provided through a joint relationship between Dealer Financial Services and Community Banking. Specialized Lending The Company's Specialized Lending segment consists of business units (BUs) and subsidiaries that provide finance products to consumers and businesses. The BUs include Commercial Finance and Governmental Finance. Commercial Finance is engaged in export-import finance, accounts receivable management and credit enhancement. Commercial Finance also contains the Mortgage Warehouse Lending business, which provides short-term lending solutions to finance first-lien residential mortgage loans held for sale (LHFS) by independent mortgage companies. Governmental Finance provides tax-exempt financing for capital project needs of local governments. Its operating subsidiaries include BB&T Equipment Finance, which provides equipment leasing within BB&T's banking footprint; Sheffield Financial, a dealer-based financer of equipment for both small businesses and consumers; Prime Rate Premium Finance Corporation, Inc., which includes AFCO and CAFO, insurance premium finance BUs that provide funding to businesses in the United States and Canada, and to consumers in certain markets within BB&T's banking footprint, and Grandbridge, a commercial mortgage banking lender providing loans on a national basis. Insurance Services The Company's Insurance Services segment is engaged in providing property and casualty, employee benefits and life insurance to businesses and individuals. It also provides small business and corporate services! , such as! workers compensation and professional liability, as well as surety coverage and title insurance. Financial Services The Company's Financial Services segment provides personal trust administration, estate planning, investment counseling, wealth management, asset management, corporate retirement services, corporate banking and corporate trust services. Financial Services also offers clients investment alternatives, including discount brokerage services, equities, fixed-rate and variable-rate annuities, mutual funds and governmental and municipal bonds through BB&T Investment Services, Inc. Financial Services include BB&T Securities, a brokerage and investment banking firm that provides services in retail brokerage, equity and debt underwriting, investment advice, corporate finance and equity research and facilitates the origination, trading and distribution of fixed-income securities and equity products in both the public and private capital markets. BB&T Securities also has a public finance department that provides investment banking services, financial advisory services and municipal bond financing to a range of regional taxable and tax-exempt issuers. Financial Services includes a group of BB&T-sponsored private equity and mezzanine investment funds that invests in privately owned middle-market operating companies. Financial Services also includes the Corporate Banking Division that originates and services corporate relationships, syndicated lending relationships and client derivatives. Other, Treasury and Corporate The Company's Other, Treasury and Corporate segment is the combination of the Other segment that represents the operating entities. It includes BB&T's Treasury function, which manages securities portfolios, overall balance sheet funding and liquidity, overall management of interest rate risk, and merger-related charges or credits that are incurred as part of the acquisition and conversion of acquired entities. And in the wake of a mega-merger between BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI), we expect that banking deals will continue well into the future. BB&T Corp. (NYSE: BBT) was downgraded to Equal Weight from Overweight at Stephens. Shares closed down 0.25% at $51.70 on Tuesday and have a consensus target price of $55.75. When BB&T (NYSE:BBT) and SunTrust Banks (NYSE:STI) merge later this year, they'll do everything they can to retain their best customers and employees. But not everyone will stick around. Optibase Ltd. operates in the fixed-income real estate sector. The company purchases and operates real estate properties primarily for commercial, industrial, office space, parking garage, and warehouse use, as well as for residential purposes. It holds properties in Rümlang and Geneva, Switzerland; and Miami, Florida. The company was formerly known as Optibase Advanced Systems (1990) Ltd. and changed its name to Optibase Ltd. in November 1993. Optibase Ltd. was founded in 1990 and is headquartered in Herzliya, Israel. News headlines about Optibase (NASDAQ:OBAS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Optibase earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.6853785900783 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future. Ionis Pharmaceuticals, Inc., a RNA-targeted drug discovery and development company, develops drugs for patients with severe and rare diseases in the United States. The company markets KYNAMRO for the treatment of homozygous familial hypercholesterolemia, and Alicaforsen for ulcerative colitis and pouchitis. Its drugs in Phase III development include Nusinersen for the treatment of patients with spinal muscular atrophy; IONIS-TTRRx for the treatment of patients with various forms of TTR amyloidosis, including familial amyloid polyneuropathy, familial amyloid cardiomyopathy, and wild-type TTR amyloidosis; volanesorsen for the treatment of patients with familial chylomicronemia syndrome and familial partial lipodystrophy; Custirsen to treat cancer; and Plazomicin for the treatment of severe bacterial infection. The company's products under development also include IONIS-DMPK-2.5 for myotonic dystrophy type 1; IONIS-HTT for huntington's disease; ATL1103 for acromegaly; IONIS-SOD1 for amyotrophic lateral sclerosis; IONIS-FXI (BAY 2306001) for clotting disorders; IONIS-APO(a)-L for high Lp; IONIS-ANGPTL3-L for mixed dyslipidemias; Apatorsen (OGX-427) and IONIS-STAT3-2.5 (AZD9150) for cancer; EXC 001 (PF-06473871) for scarring; ATL1102 for multiple sclerosis; RG-101 for hepatitis C virus infection; IONIS-GCGR and IONIS-PTP1B for type 2 diabetes; and IONIS-FGFR4 for obesity. In addition, it is developing IONIS-GCCR for cushing's syndrome; IONIS-PKK for hereditary angioedema; RG-012 for alport syndrome; IONIS-AR-2.5 (AZD5312) for prostate cancer; IONIS-GSK4-L for ocular disease; IONIS-HBV and IONIS-HBV-L for hepatitis B virus infection; and IONIS-DGAT2 for nonalcoholic steatohepatitis. The company was formerly known as Isis Pharmaceuticals, Inc. and changed its name to Ionis Pharmaceuticals, Inc. in December 2015. Ionis Pharmaceuticals, Inc. was founded in 1989 and is headquartered in Carlsbad, California. Ionis Pharmaceuticals (Nasdaq: IONS), just a tad bigger than Sarepta, is another potential takeover candidate. Founded in 1989 and public since 1991, IONS, unlike many of its peers, has already broke even (in 2017), and expects to remain profitable from now on. On top of this, IONS has more than $2 billion in cash and equivalents on the balance sheet. Ionis Pharmaceuticals Inc (NASDAQ:IONS) Director B Lynne Parshall sold 8,334 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $75.00, for a total transaction of $625,050.00. Following the completion of the transaction, the director now owns 61,011 shares of the company’s stock, valued at $4,575,825. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Ionis (Nasdaq: IONS) is a biotech that has already turned profitable. In 2019, it is expected to earn $0.38 per share, and $1.40 a year after. This is all because IONS, just like the other two biotechs on this list, has already been successful in bringing its medicines to the market. Virtus Investment Partners, Inc. provides investment management products and services to individuals and institutions in the United States. The company operates a multi-manager asset management business, comprising various individual affiliated managers, each with its own investment style, autonomous investment process, and individual brand. It supplements the investment capabilities of its affiliated managers partnering with select unaffiliated sub-advisors whose strategies are not available to retail mutual fund customers. The company is headquartered in Hartford, Connecticut. Virtus Investment Partners Inc (NASDAQ:VRTS)Q4 2018 Earnings Conference CallFeb. 01, 2019, 10:00 a.m. ET Operator BidaskClub lowered shares of Virtus Investment Partners (NASDAQ:VRTS) from a buy rating to a hold rating in a report released on Tuesday morning. A number of other research firms also recently commented on VRTS. Zacks Investment Research upgraded Virtus Investment Partners from a hold rating to a buy rating and set a $147.00 price objective for the company in a report on Thursday, March 15th. Sandler O’Neill restated a hold rating and set a $142.00 price objective on shares of Virtus Investment Partners in a report on Thursday, March 15th. TheStreet downgraded Virtus Investment Partners from a b rating to a c+ rating in a report on Wednesday, February 14th. Morgan Stanley lowered their price target on Virtus Investment Partners from $136.00 to $135.00 and set an equal weight rating for the company in a report on Tuesday, April 10th. Finally, Barclays lowered their price target on Virtus Investment Partners from $140.00 to $130.00 and set an equal weight rating for the company in a report on Monday, April 23rd. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Virtus Investment Partners presently has an average rating of Hold and an average price target of $138.13. RadNet, Inc., incorporated on June 19, 2008, is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. The Company operates directly or indirectly through joint ventures with hospitals, approximately 300 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island. Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Its services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. The Company operates approximately 140 fixed-site, freestanding outpatient diagnostic imaging facilities in California, over 10 in Delaware, three in Florida, 50 in Maryland, 20 in New Jersey, 20 in the Rochester and Hudson Valley areas of New York, approximately 40 in New York City, as well as five in Rhode Island. In addition to imaging services, the Company's subsidiary, eRAD, Inc., develops and sells computerized systems for the imaging industry, including Picture Archiving Communications Systems (PACS). Imaging On Call LLC, a subsidiary of the Company, provides teleradiology services for remote interpretation of images on behalf of radiology groups, hospitals and imaging center customers. The Company has approximately 230 MRI systems; 140 CT systems; 50 PET or combination over PET/CT systems; 50 nuclear medicine systems; 390 X-ray systems; 500 ultrasound systems; 260 mammography systems, and over 100 fluoroscopy systems in operation. The Company competes with Alliance Healthcare Services, Inc. and Diagnostic Imaging Group. RadNet Inc (NASDAQ:RDNT)Q4 2018 Earnings Conference CallMarch 14, 2019, 10:30 a.m. ET Operator RadNet Inc. (NASDAQ:RDNT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.65 and last traded at $15.55, with a volume of 15009 shares changing hands. The stock had previously closed at $15.15. HP Inc. provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale systems, calculators and other related accessories, software, support, and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, scanning device, and software and services; and laserjet and enterprise, inkjet and printing, graphics, and software and web services. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California. Two technology names that you have undoubtedly heard of are software behemoth Microsoft (NASDAQ:MSFT) and computer and printer specialist HP Inc. (NYSE:HPQ). Of the two, Microsoft is clearly the more successful company, commanding a market capitalization of $861 billion, dwarfing HP's $30 billion. Shares of HP (NYSE:HPQ) recently plunged after the PC and printer maker posted a mixed first-quarter report. Its revenue rose 1% annually to $14.7 billion, missing estimates by $150 million and marking its slowest growth rate in 10 quarters. HP's non-GAAP net income rose 1% to $0.8 billion, and its earnings per share, buoyed by buybacks, climbed 8% to $0.52 per share and matched analysts' expectations. Shares of HP (NYSE:HPQ) lost 10.4% in value last month, according to data from S&P Global Market Intelligence. After rebounding with the broader market in January, HP stock got clobbered in late February, following a disappointing earnings report that showed the company's printing segment struggling to grow amid heightened competition. Top 10 Medical Stocks To Watch Right Now: Black Stone Minerals, L.P.(BSM)
Top 10 Medical Stocks To Watch Right Now: Computer Task Group, Incorporated(CTG)
Top 10 Medical Stocks To Watch Right Now: BB&T Corporation(BBT)
Top 10 Medical Stocks To Watch Right Now: Optibase Ltd.(OBAS)
Top 10 Medical Stocks To Watch Right Now: Ionis Pharmaceuticals, Inc.(IONS)
Top 10 Medical Stocks To Watch Right Now: Virtus Investment Partners Inc.(VRTS)
Top 10 Medical Stocks To Watch Right Now: RadNet, Inc.(RDNT)
Top 10 Medical Stocks To Watch Right Now: HP Inc.(HPQ)
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