Latest news with #BankofAmericaSecurities
Business Insider
an hour ago
- Business
- Business Insider
New Sell Rating for Steel Authority of India Limited (SAIL), the Basic Materials Giant
Elara Securities analyst maintained a Sell rating on Steel Authority of India Limited (SAIL – Research Report) on May 30 and set a price target of INR125.00. The company's shares closed last Friday at INR129.18. Confident Investing Starts Here: In addition to Elara Securities, Steel Authority of India Limited also received a Sell from Bank of America Securities's Bharat Subramanian in a report issued on May 29. However, yesterday, Prabhudas Lilladher maintained a Hold rating on Steel Authority of India Limited (NSE: SAIL). Based on Steel Authority of India Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR244.9 billion and a net profit of INR1.42 billion. In comparison, last year the company earned a revenue of INR233.49 billion and had a net profit of INR4.23 billion
Business Insider
12 hours ago
- Business
- Business Insider
Canadian Bank of Commerce (CM) Gets a Buy from Bank of America Securities
Bank of America Securities analyst Ebrahim Poonawala maintained a Buy rating on Canadian Bank of Commerce (CM – Research Report) on May 29 and set a price target of C$101.00. Confident Investing Starts Here: Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Morgan Stanley, and US Bancorp. According to TipRanks, Poonawala has an average return of 11.3% and a 66.27% success rate on recommended stocks. In addition to Bank of America Securities, Canadian Bank of Commerce also received a Buy from Desjardins's Douglas Young in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on Canadian Bank of Commerce (NYSE: CM). Based on Canadian Bank of Commerce's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $7.25 billion and a net profit of $2.16 billion. In comparison, last year the company earned a revenue of $6.21 billion and had a net profit of $1.72 billion Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CM in relation to earlier this year.
Business Insider
12 hours ago
- Business
- Business Insider
Bank of America Securities Sticks to Its Buy Rating for Royal Bank Of Canada (RY)
In a report released on May 29, Ebrahim Poonawala from Bank of America Securities maintained a Buy rating on Royal Bank Of Canada (RY – Research Report), with a price target of C$194.00. Confident Investing Starts Here: Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Morgan Stanley, and US Bancorp. According to TipRanks, Poonawala has an average return of 11.3% and a 66.27% success rate on recommended stocks. In addition to Bank of America Securities, Royal Bank Of Canada also received a Buy from Barclays's Brian Morton in a report issued yesterday. However, on the same day, National Bank downgraded Royal Bank Of Canada (NYSE: RY) to a Hold. Based on Royal Bank Of Canada's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $16.72 billion and a net profit of $5.13 billion. In comparison, last year the company earned a revenue of $13.76 billion and had a net profit of $3.58 billion Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RY in relation to earlier this year.
Business Insider
2 days ago
- Automotive
- Business Insider
Bank of America Securities Sticks to Its Buy Rating for Li Auto (LI)
Bank of America Securities analyst Ming-Hsun Lee reiterated a Buy rating on Li Auto (LI – Research Report) today and set a price target of $32.10. The company's shares closed today at $28.49. 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 According to TipRanks, Lee is a 5-star analyst with an average return of 21.8% and a 43.68% success rate. Lee covers the Consumer Cyclical sector, focusing on stocks such as Li Auto, XPeng, Inc. ADR, and Nio. Currently, the analyst consensus on Li Auto is a Moderate Buy with an average price target of $33.00. Based on Li Auto's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $44.27 billion and a net profit of $3.52 billion. In comparison, last year the company earned a revenue of $41.73 billion and had a net profit of $5.66 billion
Yahoo
4 days ago
- Business
- Yahoo
BofA Securities Trims EHang (EH) PT to $24 Following Q1 Sales Miss
On Tuesday, Bank of America Securities analyst Fiona Liang reiterated a Buy rating on EHang Holdings Limited (NASDAQ:EH), but reduced the price target from $26 to $24. This adjustment follows EHang's Q1 2025 financial results, which reported lower-than-expected sales of RMB 26 million. This figure represents a significant decline of 58% year-over-year and 84% sequentially. A modern commercial jet airliner decorated with the company logo in flight against a clear blue sky. The shortfall was primarily attributed to fewer electric vertical take-off and landing (eVTOL) deliveries, with only 11 units delivered compared to the anticipated 60 units, as well as extended internal budgeting processes for procurement from local governments and a cautious approach from customers awaiting the Operational Certificate/OC, which EHang obtained in late March 2025. Despite these setbacks, EHang's management remains optimistic about achieving its 2025 revenue target due to a rebound in orders following the OC receipt. The company also saw an improvement in gross profit margin, which rose to 62.4% in Q1, continuing its track record of margins with a sustained gross profit margin of 61.37% over the last 12 months. EHang is expected to benefit from the development of the eVTOL industry in China, which could drive significant growth. EHang Holdings Limited (NASDAQ:EH) designs, develops, manufactures, sells, and operates UAVs (unmanned aerial vehicles), as well as supporting systems and infrastructure for various industries and applications. While we acknowledge the potential of EH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EH and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
