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Analysts ratings play an important part in my decision making process for picking or dumping stocks. While I prefer to rely upon my own analysis and judgment, using analysts’ recommendations for confirmatory purpose, for my portfolio management, I have seen many people using these recommendations as the primary factor for portfolio decision making. With analysts’ recommendations, you have obvious benefit of getting expert opinion.
These analysts generally have access to company management and may be privy to important developments. They also have sophisticated analysis tools at their disposal. However, I would recommend you to carry out your own due diligence before taking a decision about any stock. Depending upon your disposition, you may choose to use analysts’ recommendation as beginning step for stock selection or as a confirmation point for the stocks you have already selected. So, let’s take a look at some of the major stocks that have received thumbs up from analysts:
DirectTV (NASDAQ:DTV): The stock is trading 1.69 percent up from its previous close and currently is at $53.60 in early trading session. Its movement seems to be apt reaction to rating upgrade from Hudson Square Research, which has upgraded the stock from Hold to Buy rating. DirectTV also has nice upside left as the research firm set the price target at $60. The stock has good ratings from other analysts as well. Barclays recently reiterated its Overweight rating for the stock. Though, its price target is relatively conservative at $56. The stock seems like a good buy as its CEO recently alluded to a possible Buyback of the shares. The company CEO also said that the company is looking for acquisitions in the near future. DirectTV is also looking to have decent net addition to its subscriber base in the third quarter. Though the stock is currently trading near to its 52 weeks high of $54.61, I may look to add it to my portfolio on some price correction.
Safeway Inc. (NYSE:SWY): The stock has received rating upgrade from BMO Capital Markets. Safeway is now rated Outperform, up from Market Perform. The stock’s target price has been set at $25, while currently it is trading at $16.42, up 2.98 percent from its previous close. The stock has traded in the range of $14.73 and $23.16 in the past 52 weeks. The drug and food retail company recently had to recall beef products from the Northwest. The company did not provide details about the financial impact of the recall. However, the stock is trading at Price Earnings ratio of 9.03 which is at considerable discount to its peers. One of its competitors Whole Foods is trading at the Price Earnings ratio of 42.59. The stock is also significantly down from its 52 weeks high of $23.16. Safeway has mixed ratings with consensus of Hold recommendation.
Time Warner Cable Inc. (NYSE:TWC): The cable company recently signed an agreement with NFL with regard to RedZone and NFL Network. With the new agreement in place, Time Warner Cable will able to bring RedZone and NFL Network to more viewers. The multiyear contract will help the cable launch the new channels from September 27. Lately, Time Warner Cable was only major cable provider without these channels. So, expect the news to have good effect on the company’s bottom line. The stock has also been bumped to Buy rating by Hudson Square Research. Its price target has been set at $110 while the stock is currently trading at $95.99, marginally up from its previous close. The stock has Price Earnings ratio of 17.58 and has oscillated between $57.15 and $96.49 in the past 52 weeks.
TiVo Inc. (NASDAQ:TIVO): The company recently announced that it would introduce video streaming for Android devices soon. It also won $500 million patent suit against Verizon. Both the companies decided to settle the pending litigations between them. TiVo is expected to receive $100 million upfront, while the remainder will be payable in quarterly installments running through 2018. The stock has been rated Buy by Lazard Capital, while its price target has been set at $14. In early trading, the stock is trading at $10.24, up 2.82 percent. The stock is up on good volumes, which is a good sign. It has already traded 2.55 million shares, in comparison to its usual daily trading volume of 2.15 million shares. Jefferies Group and Brean Murray have also reiterated their Buy rating for the stock.
