Buy Heritage Foods; target of Rs 903: Edelweiss

Edelweiss' research report on Heritage Foods

Heritage Foods (HFL) reported Q1FY19 revenue growth of ~4% YoY (3% below estimate) on a high base (~32% growth driven by incremental volumes from Reliance Dairy in Q1FY18), but value-added dairy products (VADP) posted solid ~18% YoY growth. EBITDA margin expanded ~280bps, lifting EBITDA ~71% YoY (in line with our estimate) on the back of lower procurement cost, a favourable sales mix and improved performance of Reliance Dairy. While volume offtake growth took a hit owing to deepening penetration of new entrants/unorganized players in the current soft milk price environment, management guided for ~10% and ~15%-plus volume growth in liquid milk and VADP, respectively.

Outlook

Furthermore, HFL is focusing on marketing campaigns and processing capacity & distribution expansion to achieve its targets under ��Vision 2022��. Hence, we estimate ~37% EBITDA CAGR over FY18��20. Maintain ��BUY�� with TP of INR903.

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Read More First Published on Aug 2, 2018 03:38 pm

Hot Financial Stocks To Invest In 2019

tags:SLG,TBNK,AON,PEB,

The U.S. hasn’t lifted economic sanctions against Sudan on telecommunications and other technology sectors since the Trump administration announced last October that it would partially lift sanctions against Sudan, the country’s telecommunications minister Ibrahim El-Mirghani told reporters in the capital Khartoum.

El-Mirghani says the U.S. Office of Foreign Assets Control has refused to lift telecommunications and technology sanctions against his country and that it’s in contact with “many concerned bodies” in the U.S. to “fully” lift the sanctions and to “allow our telecommunications sector to get the benefit of that.”

The Trump administration decided to partially lift the sanctions, which were imposed in 1997, against Sudan last fall but the country hasn’t been able to integrate itself with the global financial system because it is still on a U.S. list of state sponsors of terrorism. In response, Sudanese officials said Sudan is fully cooperating with the U.S. in the fight against terror.

Hot Financial Stocks To Invest In 2019: SL Green Realty Corporation(SLG)

Advisors' Opinion:

• [By Joseph Griffin]

  Swiss National Bank lessened its stake in SL Green Realty (NYSE:SLG) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,900 shares of the real estate investment trust’s stock after selling 51,200 shares during the period. Swiss National Bank owned 0.35% of SL Green Realty worth $30,589,000 as of its most recent SEC filing.

• [By Max Byerly]

  Get a free copy of the Zacks research report on SL Green Realty (SLG)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Max Byerly]

  Sterlingcoin (SLG) is a proof-of-stake (PoS) coin that uses the
  X13 hashing algorithm. It was first traded on September 21st, 2014. Sterlingcoin’s total supply is 4,241,006 coins. Sterlingcoin’s official Twitter account is @SterlingcoinSLG and its Facebook page is accessible here. The Reddit community for Sterlingcoin is /r/sterlingcoin and the currency’s Github account can be viewed here. The official website for Sterlingcoin is sterlingcoin.org.

• [By Max Byerly]

  Shares of SL Green Realty Corp (NYSE:SLG) have been given an average recommendation of “Hold” by the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $111.54.

• [By Shane Hupp]

  Easterly Government Properties (NYSE: DEA) and SL Green Realty (NYSE:SLG) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, risk, profitability, dividends, valuation and earnings.

Hot Financial Stocks To Invest In 2019: Territorial Bancorp Inc.(TBNK)

Advisors' Opinion:

• [By Max Byerly]

  Shares of Territorial Bancorp Inc (NASDAQ:TBNK) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $33.50.

• [By Stephan Byrd]

  Shares of Territorial Bancorp (NASDAQ:TBNK) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $33.50.

• [By Stephan Byrd]

  Territorial Bancorp Inc (NASDAQ:TBNK) Director David S. Murakami sold 4,394 shares of Territorial Bancorp stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $30.67, for a total value of $134,763.98. Following the completion of the transaction, the director now owns 27,494 shares of the company’s stock, valued at approximately $843,240.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hot Financial Stocks To Invest In 2019: Aon Corporation(AON)

Advisors' Opinion:

• [By Shane Hupp]

  BB&T Securities LLC raised its holdings in Aon PLC (NYSE:AON) by 6.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,068 shares of the financial services provider’s stock after purchasing an additional 1,352 shares during the period. BB&T Securities LLC’s holdings in AON were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• [By Stephan Byrd]

  US Bancorp DE raised its stake in shares of Aon (NYSE:AON) by 3.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,448 shares of the financial services provider’s stock after acquiring an additional 1,178 shares during the quarter. US Bancorp DE’s holdings in AON were worth $5,676,000 as of its most recent filing with the SEC.

• [By Logan Wallace]

  AON (NYSE: AON) and CorVel (NASDAQ:CRVL) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, profitability, risk, analyst recommendations and dividends.

• [By Joseph Griffin]

  AON (NYSE:AON) had its price target hoisted by Citigroup from $160.00 to $165.00 in a report issued on Tuesday morning. They currently have a buy rating on the financial services provider’s stock.

• [By Logan Wallace]

  CorVel (NASDAQ: CRVL) and AON (NYSE:AON) are both business services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, institutional ownership, dividends, profitability, analyst recommendations, earnings and valuation.

• [By Max Byerly]

  State of Wisconsin Investment Board decreased its holdings in shares of Aon (NYSE:AON) by 9.2% in the 1st quarter, Holdings Channel reports. The fund owned 384,127 shares of the financial services provider’s stock after selling 38,942 shares during the quarter. State of Wisconsin Investment Board’s holdings in AON were worth $53,905,000 at the end of the most recent quarter.

Hot Financial Stocks To Invest In 2019: Pebblebrook Hotel Trust(PEB)

Advisors' Opinion:

• [By Joseph Griffin]

  These are some of the news stories that may have effected Accern’s analysis:

  Get Pebblebrook Hotel alerts: Pebblebrook Hotel (PEB) Expected to Post Quarterly Sales of $206.07 Million (americanbankingnews.com) Keep Company Secrets Safe With a Strong Publishing Process (cmswire.com) Analysts Anticipate Pebblebrook Hotel (PEB) to Post $0.73 Earnings Per Share (americanbankingnews.com) Pebblebrook Hotel Forecasted to Earn Q2 2018 Earnings of $0.72 Per Share (PEB) (americanbankingnews.com)

  A number of brokerages recently issued reports on PEB. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel in a report on Monday, April 30th. Zacks Investment Research upgraded Pebblebrook Hotel from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a report on Wednesday, May 2nd. Robert W. Baird lifted their target price on Pebblebrook Hotel from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. Finally, ValuEngine cut Pebblebrook Hotel from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Pebblebrook Hotel presently has an average rating of “Buy” and a consensus price target of $36.61.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on Pebblebrook Hotel (PEB)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Matthew DiLallo]

  Improving business travel demand during the first quarter drove Pebblebrook Hotel Trust (NYSE:PEB) to update its outlook earlier this month. Those travel trends turned out to be stronger than even its more optimistic expectations, helping the company to deliver results that were above the updated forecast. Because of that, the company is even more encouraged about what lies ahead in 2018.