Equities Research Analysts’ Updated EPS Estimates for August, 19th (AMN, ARMK, CUZ, DRW3, FGP, GEF, HDD, LGF-B, LM, QFI)

Equities Research Analysts’ updated eps estimates for Monday, August 19th:

AMN Healthcare Services (NYSE:AMN) was downgraded by analysts at Zacks Investment Research from a strong-buy rating to a hold rating. They currently have $65.00 price target on the stock. According to Zacks, “AMN Healthcare exited the second quarter on a solid note. The company gained from its core Other Workforce Solutions unit in the quarter. Management is upbeat about the latest Advanced Medical buyout, which is expected to expand the company’s travel as well as school therapy and travel nurse staffing capabilities. Expansion in gross margin is also encouraging. Solid projections for the third quarter buoy optimism. However, lackluster performance by the company’s Nurse and Allied as well as Locum Tenens Solutions is worrisome. In the second quarter, the company’s top and bottom line declined on a year-over-year basis primarily due to labor disruption at the Nurse and Allied segment as well as lower contribution from the Locum Tenens unit. Contraction in operating margin adds to the woes.”

Aramark (NYSE:ARMK) had its target price raised by Robert W. Baird from $40.00 to $44.00. They currently have a neutral rating on the stock.

Cousins Properties (NYSE:CUZ) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. Zacks Investment Research currently has $36.00 price target on the stock. According to Zacks, “Cousins Properties’ disappointing second-quarter results were impacted by increase in general and administrative expenses. The company is witnessing higher construction activity in its markets. This is expected to boost supply of office properties, resulting in lesser scope for rent and occupancy growth. Further, a significant development pipeline increases operational risks and exposes the company to rising construction costs. Also, shares of Cousins Properties have underperformed its industry over the past three months. Nonetheless, in June, the company completed its merger with TIER REIT, which will improve market scale, and enable it to realize operational and leasing synergies. Moreover, the company’s properties located in premium Sun-Belt markets will enable it to enjoy robust rent and top-line growth over the long term.”

Draegerwerk AG & Co KGaA (ETR:DRW3) was given a €45.00 ($52.33) price target by analysts at Independent Research GmbH. The firm currently has a neutral rating on the stock.

Ferrellgas Partners (NYSE:FGP) was upgraded by analysts at Zacks Investment Research from a hold rating to a strong-buy rating. Zacks Investment Research currently has $1.00 target price on the stock. According to Zacks, “On a year-to-date basis, units of Ferrellgas Partners have outperformed the industry. The partnership is focused on expanding business through strategic acquisitions and organic initiatives. Its extensive presence in the United States and acquisitions are likely to boost growth in the future. Blue Rhino tank exchange sales locations have increased more than 6% from prior-year levels. The development bodes well as it is less dependent on weather and provides visibility for future earnings. However, Ferrellgas Partners' dependency on few vendors for propane can affect supply if they fail to meet obligations. Sudden hike in wholesale price of propane and competition with other energy sources like natural gas and oil can hamper its propane distribution business. Increasing demand of these sources may lower demand for propane.”

Greif (NYSE:GEF) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. Zacks Investment Research currently has $34.00 target price on the stock. According to Zacks, “Greif updated adjusted earnings per share guidance for fiscal 2019 at $3.70-$4.00. The mid-point of the guidance reflects growth of 7.8% in 2018. The outlook has been updated to include the impact of the acquired Caraustar business. Greif will benefit from its focus on acquisition, operational execution, capital discipline, and a strong and diverse product portfolio. In 2019, The company's restructuring activities will focus on rationalizing operations and close underperforming assets in the Rigid Industrial Packaging & Services and Flexible Products & Services segments. However, high debt following the acquisition remains a concern. The volume in Western and Central Europe also remained muted due to trade uncertainty, which is likely to continue in fiscal 2019.”

Heidelberger Druckmaschinen (ETR:HDD) was given a €1.00 ($1.16) target price by analysts at Independent Research GmbH. The firm currently has a neutral rating on the stock.

LGF-B (OTCMKTS:LGF-B) was upgraded by analysts at Imperial Capital from an in-line rating to an outperform rating. They currently have $14.00 price target on the stock, up from their previous price target of $13.00.

Legg Mason (NYSE:LM) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. They currently have $38.00 price target on the stock. According to Zacks, “Shares of Legg Mason have outperformed the industry over the past six months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. First-quarter fiscal 2020 results reflect lower expenses, partially offset by fall in revenues. Legg Mason's strategic acquisitions are anticipated to boost top-line growth. Further, its focus on expanding product offerings bode well for the long term. Also, increasing revenues due to higher assets under management remain a tailwind. However, continued equity AUM outflows may pose a threat to achieving steady overall net inflows. Elevated costs due to investment in restructuring activities and rising compensation costs might deter bottom line growth. Also, unsustainable capital deployment activities keep us apprehensive.”

Quadrise Fuels International (LON:QFI) had its house stock rating reaffirmed by analysts at Shore Capital.

ReneSola (NYSE:SOL) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. Zacks Investment Research currently has $1.00 target price on the stock. According to Zacks, “ReneSola is currently expanding its business in the international markets of Vietnam, Canada, Poland, Hungary, France, Spain and Turkey. Also, the company is actively pursuing opportunities in new markets, including South Korea and India. Its revenue growth prospects from the nation seems bleak, with the U.S. administration having imposed a tariff of 30% on the import of solar panels and modules. On the domestic front, the company believes the China rooftop solar market to be a significant space for its expansion. However, solar industry trends and market volatility along with unfavorable changes in supply and demand for solar power products throughout the value chain may pose potential threats to the business. Moreover, over the past year, its share price has underperformed its industry.”

Touchstone Exploration (LON:TXP) had its house stock rating reissued by analysts at Shore Capital.

Ubiquiti Networks (NASDAQ:UBNT) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $116.00 target price on the stock. According to Zacks, “Ubiquiti reported decent fourth-quarter fiscal 2019 financial results, wherein both the bottom line and the top line increased on a year-over-year basis. The computer networking company boasts a proprietary network communication platform that is well equipped to meet end-market customer needs. It remains committed toward reducing operational costs by using a self-sustaining mechanism for rapid product support. It is witnessing impressive growth momentum in the UniFi product family in recent times. However, potential impact of tariffs imposed on certain products imported into the United States from China remains a cause of concern. Ubiquiti is exposed to geopolitical instability on account of its geographically diverse scale of operations. The company operates in an extremely price-competitive environment which includes telecom service providers.”

Viewray (NASDAQ:VRAY) had its buy rating reissued by analysts at Northland Securities. They currently have a $5.00 price target on the stock. The analysts wrote, “We remain confident in our analysis of the clinical benefits of MRgRT, and this study is another data point towards long-term validation.””

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