Alcoa Inc. (NYSE:AA)
Shares of Alcoa Inc. (NYSE:AA), dropped -3.22% as rising production in China is weighing down on the aluminum maker.
According to the International Aluminum Institute, China’s aluminum output has raised year-over-year by 18%, the Wall Street Journal reports.
Adding more pressure to this, Citibank estimates that Chinese producers could add another 1 million ton of new annual smelting capacity before the year ends.
“The capacity additions are very bearish for prices. It has driven the Chinese market into increasing oversupply and forced them to export more,” Citibank analyst Ivan Szpakowski said.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum.
Flotek Industries Inc (NYSE:FTK)
On Thursday, Flotek Industries Inc (NYSE:FTK)’s shares inclined 9.98% to $9.59.
FTK has 90.50% institutional ownership while its EPS ratio was 0.07. The company has 53.63 million shares outstanding while market capitalization of the company was $472.06 million. Price to book ratio was 1.77. Net profit margin of the company was 1.10% while gross profit margin was 36.10%. Stock volatility for the month was booked as 22.20% while for the week was recorded as 9.76%.
The mean estimate for the short term price target for Flotek Industries Inc (NYSE:FTK) stands at $16.75 according to 4 Analysts. The higher price target estimate for the stock has been calculated at $26.00 while the lower price target estimate is at $11.00.
Analysts mean recommendation for the stock is 2.40. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
Flotek Industries, Inc. is a diversified, technology-driven company that develops and supplies oilfield products, services and equipment to the oil, gas and mining industries.
Sequential Brands Group Inc (NASDAQ:SQBG)
Sequential Brands Group Inc (NASDAQ:SQBG)’s shares gained 2.46% to $10.01.
SQBG Its past 5-day performance at -19.98%. So far in 2015, the company has a year-to-date performance of -23.41%. The stock, as of last close, traded 15.46% up from its 52 week low and was -46.15% below its 52 week high. Its latest closing price was -26.69% below the SMA200 while the distance from SMA 50 and SMA 20 was -28.73% and -18.45% respectively.
The mean estimate for the short term price target for Sequential Brands Group Inc (NASDAQ:SQBG) stands at $19.43 according to 7 Analysts. The higher price target estimate for the stock has been calculated at $22.00 while the lower price target estimate is at $14.00.
Analysts mean recommendation for the stock is 1.90. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, active and lifestyle categories. The Company promotes, markets and licenses these brands.
ServiceNow Inc (NYSE:NOW)
At the end of Thursday’s trade, ServiceNow Inc (NYSE:NOW)‘s shares surged 0.72% to $84.50.
NOW has market capitalization of $13.29 billion. Its current ratio was 1.50 while its shares were above its 50 days simple moving average with 11.40%. The company offered earning per share of $-1.35 while its 159.00 million shares were outstanding. YTD performance of the company was 24.54%. Stock volatility for the week was 2.06% while for the month it was shown at 2.82%.
The mean estimate for the short term price target for ServiceNow Inc (NYSE:NOW) stands at $88.69 according to 26 Analysts. The higher price target estimate for the stock has been calculated at $110.00 while the lower price target estimate is at $70.00.
Analysts mean recommendation for the stock is 1.70. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (HR), facilities, field service, marketing, legal and finance.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.