CFRA upgrades Yara International (0O7D) to a Hold
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
According to TipRanks, Ng is a 2-star analyst with an average return of 1.6% and a 54.05% success rate. Ng covers the Communication Services sector, focusing on stocks such as Royal KPN NV, Proximus, and United Internet.
Currently, the analyst consensus on Yara International is a Hold with an average price target of NOK386.50, a -0.35% downside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a NOK400.00 price target.
Based on Yara International's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of NOK3.61 billion and a net profit of NOK294 million. In comparison, last year the company earned a revenue of NOK3.3 billion and had a net profit of NOK18 million
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
John Deere sees profits cut due to uncertainty from tariffs
Deere & Co is reporting a lower third-quarter profit and is tightening its annual profit forecast as U.S. tariffs dent margins on its farm equipment, sending the company's shares down 6%. The gloomy earnings report for the maker of John Deere tractors came Thursday, Aug. 14, as President Donald Trump's tariffs add to the woes of farm-equipment makers who were already grappling with slow demand due to a slump in prices for wheat, corn and soybeans. Farmers are opting to rent machinery instead of buying. "Tariff uncertainty and deflated commodity prices have made farmers increasingly cautious in spending decisions and more hesitant to accept higher machinery prices," said CFRA Research analyst Jonathan Sakraida. Despite the weak demand, Deere CEO John May said the company was able to manage its inventory levels to help production match retail demand. The company's cost-saving measures — which have included 1,985 layoffs at its Iowa plants and facilities, including in Ankeny, Davenport, Dubuque, Johnston, Ottumwa and Waterloo, since June 2024 — also helped it top analyst estimates for third-quarter profit and revenue. Deere peer CNH Industrial, which is considering closing its 350-worker Burlington factory, where the backhoe originated, also topped second-quarter earnings estimates earlier this month, but warned that its annual sales could drop below last year's levels. Deere's year-over-year profit from ag, construction divisions cut in half Third-quarter operating profit from two of Deere's largest units, which produce tractors, combines and construction equipment, were roughly half that from a year earlier. The company cut the higher end of its annual profit forecast to $5.25 billion from $5.5 billion, but kept the lower end intact at $4.75 billion. In May, Deere said it expected tariffs to cost over $500 million in 2025 before taxes, and that it was prepared to invest $20 billion in the U.S. over the next decade. Global companies that reported between July 16 and Aug. 8 projected a combined financial hit of $13.6 billion to $15.2 billion for the full year, a Reuters' tariff tracker shows. Trump has said the tariffs are a response to persistent U.S. trade imbalances and declining manufacturing power, and that the moves will bring jobs and investment to the nation. Deere's net income in the third quarter came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier. Analysts on average had expected the company to report a quarterly profit of $4.63 per share, according to data compiled by LSEG. The company's net sales fell about 9% to $10.36 billion from a year ago, more than analysts' estimates of $10.31 billion. This article originally appeared on Des Moines Register: John Deere profits drop amid uncertainty from tariffs Sign in to access your portfolio
Business Insider
7 hours ago
- Business Insider
QQQ ETF News, 8/14/2025
How is QQQ stock faring? The Invesco QQQ ETF has risen 2.82% over the past five days and is up 13.8% year-to-date. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks' unique ETF analyst consensus, which is based on a weighted average of its holdings' analyst ratings, QQQ is a Moderate Buy. The Street's average price target of $636.15 for the QQQ ETF implies an upside potential of 9.62%. Currently, QQQ's five holdings with the highest upside potential are Atlassian Corporation (TEAM), Charter Communications (CHTR), Strategy (MSTR), Trade Desk (TTD), and Lululemon Athletica (LULU). (PLTR), Tesla Motors (TSLA), Fastenal (FAST), Broadcom (AVGO), and Electronic Arts (EA). Revealingly, QQQ ETF's Smart Score is seven, implying that this ETF is likely to perform in line with the market. Power up your ETF investing with TipRanks. Discover the ETFs with High Upside Potential, carefully curated based on TipRanks' analysis.
Business Insider
9 hours ago
- Business Insider
Alphabet Class A (GOOGL) Receives a Hold from UBS
In a report released today, Stephen Ju from UBS maintained a Hold rating on Alphabet Class A, with a price target of $202.00. The company's shares closed yesterday at $201.96. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Ju covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C. According to TipRanks, Ju has an average return of 13.0% and a 52.87% success rate on recommended stocks. In addition to UBS, Alphabet Class A also received a Hold from Wells Fargo's Ken Gawrelski in a report issued yesterday. However, on the same day, Needham maintained a Buy rating on Alphabet Class A (NASDAQ: GOOGL). Based on Alphabet Class A's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $96.43 billion and a net profit of $28.2 billion. In comparison, last year the company earned a revenue of $84.74 billion and had a net profit of $23.62 billion
