logo
Morgan Stanley Sticks to Their Hold Rating for Eisai Co (ESALF)

Morgan Stanley Sticks to Their Hold Rating for Eisai Co (ESALF)

In a report released on May 29, Shinichiro Muraoka from Morgan Stanley maintained a Hold rating on Eisai Co (ESALF – Research Report), with a price target of Yen4,100.00.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Muraoka covers the Healthcare sector, focusing on stocks such as Astellas Pharma, Daiichi Sankyo Company, and Eisai Co. According to TipRanks, Muraoka has an average return of -3.9% and a 33.33% success rate on recommended stocks.
In addition to Morgan Stanley, Eisai Co also received a Hold from Jefferies's Stephen Barker in a report issued yesterday. However, on May 15, Bernstein maintained a Buy rating on Eisai Co (Other OTC: ESALF).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Wise share price jumps 12% on US primary listing news
The Wise share price jumps 12% on US primary listing news

Yahoo

time36 minutes ago

  • Yahoo

The Wise share price jumps 12% on US primary listing news

The Wise (WISE.L) share price was up 12% at one point this morning (5 June) after the bank announced plans for a primary listing in the US during its FY24 results release. The company will maintain a secondary listing in London but believes 'a primary US listing would help us accelerate our mission and bring substantial strategic and capital market benefits,' said Kristo Kaarmann, co-founder and CEO of Wise. 'The UK is home to some of the best talent in the world in financial services and technology, and we will continue to invest in our presence here,' he added. In the 2024/25 fiscal year, Wise emerged as the largest mover of institutional money in and out of Brazil and is now handling 12% of all cross-border transfers involving the Philippines. Product innovation has played a key role in its growth, with new features like interest-earning accounts in Australia and Quick Pay for business invoicing. Strategic partnerships with major financial institutions, including Standard Chartered (STAN.L), Morgan Stanley (MS) and Itau (ITUB), further bolstered its position. Customer activity surged in the past year, with active customers up 22% and a 23% increase in cross-border volumes. Customer holdings grew by 44% compared to the previous year and revenue increased 15% year on year to £1.2bn. Pre-tax profit rose by 17% to £564.8m, up from £481.4m in the previous year, highlighting the firm's strong operational momentum. Formerly known as TransferWise, Wise has emerged as a significant player in the fintech industry since its inception in 2011. Founded by Estonians Taavet Hinrikus, Skype's first employee, and Kristo Käärmann, a former Deloitte consultant, the company was born out of their frustrations with the high costs and lack of transparency in international money transfers. Their solution was a peer-to-peer platform that allowed users to transfer money across borders at the real exchange rate, significantly undercutting traditional banks. The company's innovative approach quickly attracted attention and funding from notable figures such as PayPal (PYPL) co-founder Max Levchin and Virgin Group's Richard Branson. By 2020, it had reached a valuation of £3.7bn, testament to the increasing demand for cost-effective international money transfer solutions. Wise offers strong growth potential as a leading fintech innovator in cross-border payments, but still carries notable risks. Regulatory changes are a key concern as it operates across multiple jurisdictions, threatening high compliance costs, currency volatility and integration difficulties. Additionally, it also faces stiff competition from traditional banks, fintechs and blockchain firms. The planned shift to a US primary listing adds near-term uncertainty for UK investors. Despite robust financials and global expansion, Wise's premium valuation leaves little room for disappointment. Investors should weigh long-term prospects against these risks, particularly in a sector where rapid disruption and regulatory oversight are ever-present. Out of 17 analysts following the stock, 11 have Buy ratings, five Hold and four Sell. But overall, forecasts lean negative, with the average 12-month price target 4.9% lower than today's price. Still, revenue is expected to reach £2.32bn by 2027, with earnings per share (EPS) expected to climb to 41p per share. Negative forecasts aside, I think the US listing is a good move that will help boost the bank's global position and profits. As such, I think it's still worth considering even for UK-centric investors. The post The Wise share price jumps 12% on US primary listing news appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Mark Hartley has no position in any of the shares mentioned. The Motley Fool UK has recommended PayPal, Standard Chartered Plc, and Wise Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

CNBC's Inside India newsletter: Wall Street and investors turn bullish on India after two turbulent quarters
CNBC's Inside India newsletter: Wall Street and investors turn bullish on India after two turbulent quarters

CNBC

time2 hours ago

  • CNBC

CNBC's Inside India newsletter: Wall Street and investors turn bullish on India after two turbulent quarters

Having overcome fears of the India-Pakistan conflict, Indian markets might lose its temporary status as a "safe haven" market if the U.S. and China come to a deal. Those worries and a concoction of other factors — inflation, earnings disappointments — have led to lackluster performance for equities so far this year. The Nifty 50 is up 4.7% so far this year, and investors are likely to have welcomed the sideways move by the benchmark in May with a sigh of relief, in fact. But the tide may be about to turn as Wall Street analysts and investors turn bullish. The Indian market is currently one of the most expensive globally, trading at over 20% premiums to its 20-year average price-to-earnings (P/E) ratio, which limits the potential for significant Nifty benchmark upside, according to analysts at CLSA. "After the recent rally, the Indian market has again inched up to become nearly the most expensive market in the world," said CLSA's Vikash Kumar Jain in a note to clients. Goldman Sachs strategists echoed that point, saying the MSCI India index "does not look favourable" even when adjusting for a stronger growth potential. Wonks over at Morgan Stanley took a similar view of the stock market's recent performance. "Since September 2024, the market has digested an unprecedented amount of bad news – excessive valuations in [small and mid-cap] and a sharp correction in the broad market pointing to a slowdown in macro growth and earnings, US tariff-related volatility and a major terrorist attack along with India's response with the large-cap indexes about 5% from all-time highs and almost negligible changes in implied volumes," said the Wall Street bank's Ridham Desai. Norma analyst Saion Mukherjee also noted that most companies beat expectations for the latest quarter, but only because the expectations had been lowered significantly. Yet, every single one of those market participants has turned bullish over the past couple of weeks. Goldman Sachs raised its price target for the Nifty 50 to 26,200. Nomura similarly sees the index at 26,140. Even long-time cautious bears such as Bernstein's Venugopal Garre, who has been right in cautioning investors over rich valuations in the small and mid-cap sectors (SMID), are now rethinking their outlook. "They've been in a bubble zone for a while — a point we've never hesitated stating," said Garre. "The reality is this: the SMID bubbles have let go of a lot of froth and are broadly valued in line with recent history. Not cheap, and not exorbitant." And it's not just strategists, analysts and advisors turning around. Money managers are also echoing the same sentiment. "A lot of people look at India and have said, 'Gosh, the valuations are enormous,'" said Andrew Dalrymple, chief investment officer at Aubrey Capital Management. "If you took that view, you'd never buy an Indian equity. You would have missed an enormous opportunity in the last five years." Aubrey Global Emerging Markets Strategy, which manages more than $500 million in assets, has 35% of its fund allocated to India, its largest allocation. "We try to reconcile valuation of the price earnings-to-growth ratio, and say when we look at an Indian company, it might nominally have that high P/E but we then say this is justified by price-to-growth ratio, which we try to keep at less than 1.5 times," Dalrymple added. "And that way, we find we have been able to exploit some extremely successful, very, very profitable investment opportunities over the years." Dalrymple's sentiment is also reflected in the data. Foreign institutional investors have been net buyers of Indian equities over the past two months. Yet, it's off a low base, suggesting a significant upside in an ideal scenario. Morgan Stanley's Desai noted that "foreign portfolios positioning is the weakest since we have had the data in 2000, and there are early signs that their view on India is shifting." Amid all the sudden bullishness, however, many investors have learned a thing or two over the past year and are approaching with caution. "This is likely to be a stock pickers' market, in contrast to one driven by top-down or macro factors since the Covid pandemic," Desai said in a note to clients on June 2. Financials, often viewed as a leveraged bet on the future of a nation, appear to be a favorite among many. In the large-cap space, Axis Bank was a top pick for Nomura and Goldman Sachs, with ICICI Bank seen favorably by Morgan Stanley, CLSA and JP Morgan. India's economy expands more than expected. Gross domestic product in the quarter ended March grew 7.4%. That figure's much higher than the 6.7% expected by a Reuters poll of economists and the fastest rate of quarterly expansion for fiscal year 2025, according to government data released Friday. For the full fiscal year, India's economy expanded by 6.5%, in line with the government's February estimate. U.S. authorities are reportedly investigating Adani's companies. Prosecutors from the U.S. Attorney's Office in Brooklyn are looking into whether Gautam Adani's companies have been importing liquefied petroleum gas from Iran into India, according to the Wall Street Journal. A spokesperson for the Adani group "categorially denies" the allegations. Reserve Bank of India expected to cut rates two more times. That's according to Chetan Ahya, chief Asia economist at Morgan Stanley, who said that the RBI should be comfortable with two more rate cuts in the current economic climate because India's "growth conditions will still be reasonable" and inflation is likely to remain below 4%. Air travel by Indian nationals could cause the aviation industry to skyrocket. India is the third-largest air travel market in the world, Air India CEO Campbell Wilson told CNBC's Monica Pitrelli at the World Air Transport Summit over the weekend. "So if Indians start traveling... at the intensity of China, it's going to absolutely explode in volume internationally," Wilson Nifty 50 has stayed absolutely flat, so far this week. The index has risen 4.7% this year. The benchmark 10-year Indian government bond yield moved lower by 3 basis points compared to last week. On CNBC TV this week, Anubhuti Sahay, head of India economics research at Standard Chartered Bank, said that India's fiscal fourth-quarter economic expansion was "much higher than anyone of us expected" because of growth in net indirect taxes. However, that number can "keep on fluctuating" and eventually fade, so India's gross domestic product will likely return to the trend of 6.5%. The bank's full-year forecast for India's financial year 2026 is 6.6%. Meanwhile, APEC President of Marriott International Rajeev Menon said that India is "one of the most strategic markets in the world" for the hotel chain. Menon pointed out that occupancy growth is driven by secondary and tertiary cities as much as demand from bigger cities like New Delhi and Bangalore, which suggests that the India's rising middle class is a revenue opportunity for central bank will announce its interest rate decision Friday, when it is expected to lower rates by 25 basis points to 5.75%, according to LSEG data. The country will also be releasing data on its consumer inflation rate for May next Thursday. Meanwhile, Ganga Bath Fittings, a manufacturer of bathroom accessories, lists Wednesday. June 6: Reserve Bank of India interest rate decision June 11: Ganga Bath Fittings IPO June 12: India consumer price index for May

MongoDB Soars 17% After Blowout Quarter, Analysts Boost Price Targets
MongoDB Soars 17% After Blowout Quarter, Analysts Boost Price Targets

Yahoo

time3 hours ago

  • Yahoo

MongoDB Soars 17% After Blowout Quarter, Analysts Boost Price Targets

June 5 - Shares of MongoDB (NASDAQ:MDB) climbed about 17% in Thursday's premarket trading after the company topped expectations for its fiscal first quarter and raised full-year guidance, according to a press release. Revenue for the quarter grew 6%, driven by stronger-than-expected performance from its cloud database product, Atlas. Analysts from Wedbush, BofA Securities, and Morgan Stanley reiterated their bullish stance on the stock, pointing to improving business momentum and AI-driven opportunities. Warning! GuruFocus has detected 5 Warning Sign with MSFT. Atlas revenue came in at $395 million, growing 1.3% from the previous quarter, outperforming guidance. MongoDB also added a record 2,700 new customers in the period. Non-Atlas segments, including Enterprise Advanced, generated $136 million, slightly ahead of forecasts. Wedbush maintained its Outperform rating with a $300 price target, citing growing demand for legacy modernization and AI adoption. The firm highlighted the impact of the Voyage AI acquisition and said MongoDB is in the early stages of unlocking value from Atlas. Morgan Stanley lifted its price target to $255 from $235, while BofA reaffirmed its $275 target. Analysts said Atlas growth of 26% year-over-year and strong customer trends support long-term upside. Mike Berry took over as CFO on May 27, with analysts expecting a smooth transition. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store