Shares of Aurora Cannabis ACB were lower on Friday after the Canadian cannabis company was upgraded by analysts at Jefferies but the investment firm's price target indicates a downside.
Analyst Owen Bennet upgraded the stock to hold from underperform but also cut his price target to C$8.56, representing 8% downside from the stock's previous closing price.
The firm says that the company's operational weakness continues while a $1 billion shelf offering from March “means some kind of U.S. move is much more likely.”
“The company is still losing money – its cash from operations seeing another outflow of C$66 million in the most recent quarter, and we do not see the company being Ebitda positive until fiscal year 2023,” Bennet said, according to Seeking Alpha.
Top Canadian Stocks To Watch Right Now: Sensata Technologies Holding N.V.(ST)
Sensata Technologies Holding N.V., through its subsidiaries, develops, manufactures, and sells sensors and controls primarily in the Americas, the Asia Pacific, and Europe. It operates in two segments, Sensors and Controls. The Sensors segment offers pressure sensors, force sensors, temperature sensors, speed sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. Its sensors are used in various applications, such as automotive air-conditioning, braking, transmission, air bag, heavy vehicle off-road, industrial, aerospace, defense, and data/telecom applications, as well as heating, ventilation, and air-conditioning (HVAC) applications. The Controls segment provides bimetal electromechanical controls, thermal and magnetic-hydraulic circuit breakers, power inverters, and interconnection products. This segment also offers application-specific products, including motor and compressor protectors, circuit breakers, semicondu ctor burn-in test sockets, electrical HVAC controls, power inverters, precision switches, and thermostats. Its products are used in heating and air-conditioning systems, refrigerators, aircraft, automobiles, and light industrial system applications in industrial, aerospace, military, commercial, and residential markets. The company offers its products primarily under the Sensata, Klixon, Airpax, and Dimensions brand names. It serves original equipment manufacturers and suppliers in the automotive, industrial, and commercial end-markets; and industrial and commercial manufacturers and suppliers in the climate control, appliance, semiconductor, datacomm, telecommunications, and aerospace industries, as well as motor and compressor suppliers. The company was founded in 1916 and is based in Almelo, the Netherlands. Sensata Technologies Holding N.V. is a subsidiary of Sensata Investment Company S.C.A.
Advisors’ Opinion:
- [By Max Byerly]
Sensata Technologies (NYSE:ST) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.94-4.10 for the period, compared to the Thomson Reuters consensus estimate of $4.05. The company issued revenue guidance of $3.58-3.68 billion, compared to the consensus revenue estimate of $3.63 billion.Sensata Technologies also updated its FY 2019 guidance to $3.94-4.10 EPS.
- [By Stephan Byrd]
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- [By Stephan Byrd]
ValuEngine downgraded shares of Sensata Technologies (NYSE:ST) from a hold rating to a sell rating in a report issued on Thursday morning.
Several other equities analysts have also issued reports on ST. Zacks Investment Research lowered Sensata Technologies from a buy rating to a hold rating in a research note on Thursday, June 28th. Canaccord Genuity initiated coverage on Sensata Technologies in a research report on Friday, August 3rd. They set a buy rating and a $70.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a buy rating and set a $69.00 target price on shares of Sensata Technologies in a research report on Tuesday, September 11th. Finally, Morgan Stanley lowered Sensata Technologies from an equal weight rating to an underweight rating and lowered their target price for the stock from $55.00 to $47.00 in a research report on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Sensata Technologies presently has a consensus rating of Hold and an average price target of $59.00.
- [By Stephan Byrd]
Canaccord Genuity assumed coverage on shares of Sensata Technologies (NYSE:ST) in a note issued to investors on Friday, The Fly reports. The firm set a “buy” rating on the scientific and technical instruments company’s stock.
Top Canadian Stocks To Watch Right Now: Chipotle Mexican Grill Inc.(CMG)
Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, and England. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. As of December 31, 2011, it operated 1,230 restaurants, which includes 1 ShopHouse Southeast Asian Kitchen. Chipotle Mexican Grill, Inc. was founded in 1993 and is based in Denver, Colorado.
Advisors’ Opinion:
- [By ]
Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned an average rating of “Buy” from the thirty ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $1,776.83.
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But there's a lot more to Monday's rally than just a 2.4% gain in shares of Pfizer. More vaccines means less COVID, and less COVID means more travel and leisure, which is great news for a host of sectors. As people go out more, they'll want more products from Estee Lauder (EL) – Get Report, for example, and they'll be eating out more at Chipotle Mexican Grill (CMG) – Get Report.
Top Canadian Stocks To Watch Right Now: Plains All American Pipeline L.P.(PAA)
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and refined products on pipelines, gathering systems, trucks, and barges. As of December 31, 2011, this segment owned and leased 16,000 miles of active crude oil and refined products pipelines and gathering systems; 23 million barrels of above-ground tank capacity used primarily to facilitate pipeline throughput; 67 trucks and 382 trailers; and 82 transport and storage barges, and 44 transport tugs. The Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, and LPG and natural gas, as well as offers LPG fractionation and isomerization, and natural gas processing services. The Supply and Logistics segment purchases crude oil at the wellhead, and pipeline and terminal facilities; waterborne cargoes at their load port and various other locations in transit; and LPG from producers, refiners, and other marketers. This segment also resells or exchanges crude oil and LPG; and transports oil and LPG on trucks, barges, railcars, pipelines, and ocean-going vessels to various delivery points. It has 622 trucks and 731 trailers, and 2,453 railcars. The company also owns and operates natural gas storage facilities. Plains All American Pipeline, L.P. was founded in 1998 and is headquartered in Houston, Texas.
Advisors’ Opinion:
- [By Matthew DiLallo]
Finally, ExxonMobil is working with Plains All American Pipeline (NYSE:PAA) to develop a large-scale oil pipeline out of the Permian. Exxon, Plains All American, and another partner recently agreed to move forward with construction on the Wink-to-Webster pipeline, which would transport 1 million barrels of oil per day from the Permian to refineries and export terminals along the Gulf Coast when it comes online in the first half of 2021. However, the companies are in discussions with the developers of a rival project to combine them into one large-scale pipeline, which is currently on track to start up by the middle of next year.
- [By Matthew DiLallo]
However, Long stated that the company is also in discussions with Exxon Mobil (NYSE:XOM) and Plains All American Pipeline (NYSE:PAA) to potentially join their Wink to Webster Pipeline project. Long stated that “we will continue to go down parallel paths in order to evaluate and achieve the most efficient and accretive [project] for our partnership.”
Top Canadian Stocks To Watch Right Now: Transcananda Pipelines Ltd.(TRP)
Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The Natural Gas Pipelines segment develops and operates energy infrastructure, including natural gas pipelines and regulated gas storage facilities. Its network of natural gas pipelines extends approximately 60,000 km tapping into gas supply basins in North America. The Oil Pipelines segment operates Keystone crude oil pipeline system, which includes completed 3,467 km Wood River/Patoka and Cushing Extension phases, and the proposed 2,673 km U.S. Gulf Coast Expansion. The Energy segment engages in the acquisition, development, construction, ownership, and operation of electrical power generation plants; the purchase and marketing of electricity; the provision of electricity account services to energy and industrial customers; and the development, construction, ownership, and operation of non-regulat ed natural gas storage in Alberta. The company was founded in 1951 and is headquartered in Calgary, Canada.
Advisors’ Opinion:
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Advisors Asset Management Inc. decreased its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 7.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,118 shares of the pipeline company’s stock after selling 777 shares during the quarter. Advisors Asset Management Inc.’s holdings in TC Energy were worth $452,000 at the end of the most recent reporting period.
- [By Matthew DiLallo]
(NasdaqOTH: ANNSF)
Industrials Spain Airports
Enbridge (NYSE:ENB) Energy Canada Oil and natural-gas pipelines and natural-gas utilities
NextEra Energy (NYSE:NEE) Utilities U.S. Electric and natural gas utilities, wind- and solar-power generation
Atlantia (NASDAQOTH:ATASY) Industrials Italy Toll roads and airports
Duke Energy (NYSE:DUK) Utilities U.S. Electric and natural gas utilities
TransCanada (NYSE:TRP) Energy Canada Oil and natural gas pipelines
Kinder Morgan (NYSE:KMI) Energy U.S. Oil and natural gas pipelines
Iberdrola (NASDAQOTH:IBDRY) Utilities Spain Electric and natural gas utilities
Getlink (NASDAQOTH:GRPTF) Industrials France RailroadsData source: S&P Global.
- [By Matthew DiLallo]
TransCanada (NYSE:TRP) has a long history of growing shareholder value. Overall, the Canadian pipeline giant has increased its dividend in each of the past 19 years — including an 8.7% raise for 2019 — which has helped fuel 12% total annual returns over that time frame. As a result of that steady diet of dividend increases, TransCanada currently offers an attractive 4.7% yield.
