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Stock news for investors: Big gains for Canada’s banks in Q1
MoneySense· 2026-02-27 06:02
Revenue totalled $9.65 billion, up from $9.37 billion.Scotiabank says its provision for credit losses was $1.18 billion for the quarter, up from $1.16 billion a year earlier.On an adjusted basis, Scotiabank says it earned $2.05 per diluted share in its latest quarter, up from $1.76 a year earlier.The average analyst estimate had been for an adjusted profit of $1.95 per share, according to LSEG Data & Analytics.Source Google  EQB reports lower first quarter adjusted net income of $85.2M, raises dividendEQB ( ...
Scotiabank Raises its Price Target on FirstEnergy Corp. (FE) to $56 and Maintains an Outperform Rating
Yahoo Finance· 2026-02-27 03:29
FirstEnergy Corp. (NYSE:FE) is among the 10 High Growth S&P 500 Stocks to Buy Now. Scotiabank Raises its Price Target on FirstEnergy Corp. (FE) to $56 and Maintains an Outperform Rating Scotiabank on February 19, 2026, raised its price target on FirstEnergy Corp. (NYSE:FE) to $56 from $55 and maintained an Outperform rating. The firm said it remains bullish, highlighting what it described as a “massive” 30% increase to the company’s capital expenditure plan. The same day, Mizuho analyst Anthony Crowdell ...
Wells Fargo Maintains Hold on Enterprise Products Partners (EPD) Shares
Yahoo Finance· 2026-02-17 13:21
Core Viewpoint - Enterprise Products Partners L.P. (NYSE:EPD) is recognized for its strong performance and insider buying, despite facing challenges in the sector due to price volatility [1][3]. Group 1: Company Performance - Wells Fargo maintained a Hold rating on EPD with a price target of $38, while Scotiabank raised its price target from $35 to $37, indicating positive performance in Q4 2025 [2]. - The Q4 2025 earnings call highlighted that EPD is effectively managing price volatility through its extensive gas transport and storage infrastructure [3]. - Record-high well connections were reported in the Midland and Delaware basins, showcasing operational strength [3]. Group 2: Future Outlook - EPD anticipates significant benefits from its new OxyRock acquisition in 2027, indicating a strategic growth initiative [3]. - The company acknowledges a scarcity of future acquisition targets, noting a significant reduction in available opportunities in the current market [3]. Group 3: Company Background - Incorporated in 1968, EPD is one of North America's largest midstream master limited partnerships, with a comprehensive network of pipelines and storage facilities [4].
Scotiabank Raises CAE Price Target to C$57, Maintains Outperform
Yahoo Finance· 2026-02-17 12:54
Group 1 - Scotiabank raised its price target on CAE Inc. to C$57 from C$49, maintaining an Outperform rating due to confidence in the company's strategic transformation and margin recovery [1] - CAE Inc. reported revenue of C$1.25 billion in Q3, up from C$1.22 billion year-over-year, indicating operational improvement and progress in its transformation plan [3] - The Defense division achieved an adjusted segment operating margin above 10% for the first time in over six years, while the Civil segment showed year-over-year softness [3] Group 2 - CAE Inc. completed a portfolio review identifying non-core assets that represent approximately 8% of revenue and plans to pursue divestitures where value accretion is clear [3] - The company intends to rationalize its commercial airline simulator fleet by removing roughly 10% of deployed units to improve utilization and returns, which may temper near-term revenue but is expected to enhance long-term profitability [3] - CAE Inc. designs and manufactures simulation and training technologies for airlines, aircraft manufacturers, and defense customers worldwide [4]
Scotiabank Lowers its Price Target on Rapid7, Inc. (RPD) to $9 and Maintains a Sector Perform Rating
Yahoo Finance· 2026-02-17 10:07
Core Insights - Rapid7, Inc. (NASDAQ:RPD) is recognized as one of the 15 Best Small Cap Stocks to Buy according to Wall Street [1] - Analysts have lowered their price targets for Rapid7 following mixed fourth-quarter results and cautious guidance for 2026 [2][3] Financial Performance - Rapid7 reported fourth-quarter revenue of $217 million, slightly exceeding the consensus estimate of $215.17 million [4] - The company guided fiscal 2026 revenue to a range of $835 million to $843 million, which is below the consensus estimate of $869.95 million [4] Analyst Ratings and Price Targets - Scotiabank analyst Patrick Colville reduced the price target for Rapid7 to $9 from $18 while maintaining a Sector Perform rating [2] - Truist lowered its price target to $8 from $14 and kept a Hold rating, describing the fourth-quarter results as mixed [3] - UBS downgraded Rapid7 to Neutral from Buy and cut its price target to $9 from $25, citing a "disappointing" fourth-quarter report and a projected 2% year-over-year revenue decline for 2026 [3] Strategic Focus - CEO Corey Thomas indicated that the company plans to focus on innovation and execution in 2026, leveraging its AI security operations approach [4] - Organizational changes and strategic shifts are intended to re-accelerate growth [3]
Scotiabank Raises Galiano Gold Inc. (GAU) Price Target to C$4.75
Yahoo Finance· 2026-02-16 12:04
Company Overview - Galiano Gold Inc. (NYSE:GAU) is a mining, development, and exploration company founded in 1999 and headquartered in Vancouver, holding a 90% interest in the Asanko Gold Mine located on Ghana's Asankrangwa Gold Belt [5] Financial Developments - On January 26, Scotiabank raised its price target on Galiano Gold Inc. to C$4.75 from C$3.50 while maintaining a Sector Perform rating, indicating improved confidence in the company's operational outlook and capital structure flexibility [1] - On January 16, 2026, Galiano Gold disclosed that its operating affiliate, Asanko Gold Ghana Ltd., secured a $75 million revolving credit facility with FirstRand Bank, designed to provide flexible liquidity and working capital support for the Asanko Gold Mine [3] - The financing strengthens Galiano's balance sheet, enhancing its ability to fund development initiatives, optimize operations, and manage commodity price volatility [3] Operational Impact - Access to additional liquidity provides greater financial flexibility, which is particularly valuable in the capital-intensive mining sector, supporting operational continuity during expansion phases [4] - The strengthened funding position enhances Galiano's ability to invest in production optimization and resource development, reinforcing long-term growth potential and improving its capacity to capitalize on favorable gold price environments [4]
Envestnet Asset Management Inc. Sells 5,812 Shares of DTE Energy Company $DTE
Defense World· 2026-02-14 08:34
Core Insights - Envestnet Asset Management Inc. reduced its stake in DTE Energy by 3.3%, owning 168,055 shares worth approximately $23.77 million after selling 5,812 shares in Q3 [2] - Other institutional investors have increased their holdings in DTE Energy, with Empowered Funds LLC growing its stake by 200.7% in Q1, now owning 9,909 shares valued at $1.37 million [3] - DTE Energy has received various analyst ratings, with Barclays lowering its target price from $148.00 to $141.00, while ten analysts rated the stock as a Buy and four as Hold, resulting in an average price target of $147.69 [4] Institutional Holdings - 76.06% of DTE Energy's stock is owned by hedge funds and institutional investors [3] - Woodline Partners LP increased its position by 40.8% in Q1, now holding 17,509 shares valued at $2.42 million [3] - Intech Investment Management LLC raised its stake by 6.5%, owning 12,687 shares worth $1.75 million [3] Stock Performance - DTE Energy shares opened at $144.87, with a 1-year low of $123.69 and a high of $145.41 [5] - The company has a market capitalization of $30.09 billion, a P/E ratio of 21.75, and a beta of 0.49 [5] Dividend Information - DTE Energy announced a quarterly dividend of $1.165 per share, with an annualized yield of 3.2% and a payout ratio of 69.97% [6] Company Overview - DTE Energy is an integrated energy company based in Detroit, Michigan, focusing on regulated utility operations and non-utility energy businesses [7] - The utility segment emphasizes maintaining and upgrading energy delivery infrastructure to ensure reliable service [7] - Beyond regulated utilities, DTE Energy also operates non-utility businesses that develop and manage power generation projects [8]
AppLovin Corp (NASDAQ:APP) Maintains Strong Outlook Despite Share Price Drop
Financial Modeling Prep· 2026-02-12 20:02
Core Viewpoint - AppLovin Corp is experiencing a significant stock price drop despite reporting strong quarterly performance and raising its outlook for 2026, indicating potential market volatility and investor sentiment challenges [2][3][6] Financial Performance - AppLovin reported a revenue of $1.66 billion for the fourth quarter, representing a 66% increase from the previous year and surpassing analyst expectations of $1.61 billion [3][6] - The company's market capitalization is approximately $131 billion, with a trading volume of 5,007,053 shares on the NASDAQ exchange [5] Stock Performance - The current stock price of AppLovin is $387.36, reflecting a decrease of 15.20% or $69.45, with fluctuations between a low of $383.19 and a high of $404.59 on the same day [4] - Over the past year, AppLovin's stock has reached a high of $745.61 and a low of $200.50, showcasing its volatility in the market [4] Analyst Ratings - Scotiabank maintains an "Outperform" rating for AppLovin and has raised its price target from $750 to $775, indicating strong confidence in the company's future performance [2][6]
Bank of America Raises its Price Target on Alamos Gold Inc. (AGI) to $48 and Maintains a Buy Rating
Yahoo Finance· 2026-02-11 23:22
Alamos Gold Inc. (NYSE:AGI) is included among the 11 Best Mining Stocks to Buy According to Wall Street. Bank of America Raises its Price Target on Alamos Gold Inc. (AGI) to $48 and Maintains a Buy Rating On February 9, 2026, Bank of America raised its price target on Alamos Gold Inc. (NYSE:AGI) to $48 from $47 and maintained a Buy rating. The firm said the adjustment followed refinements to its model after Alamos’ investor update, reflecting updated assumptions around production growth and cost trajecto ...
Datadog Inc. (NASDAQ:DDOG) Sees Optimistic Price Target from Scotiabank Amid Strong Earnings
Financial Modeling Prep· 2026-02-11 22:07
Core Viewpoint - Datadog Inc. is a significant player in the cloud-based monitoring and analytics sector, providing essential tools for businesses to optimize IT operations, competing with major companies like Splunk and New Relic [1] Financial Performance - Datadog reported Q4 2025 revenue of $953 million, marking a 29% increase year-over-year and exceeding the consensus estimate of $916.5 million by 4% [2][5] - Scotiabank has set a price target of $160 for Datadog, indicating a potential upside of 27.53% from its trading price of $125.47 at the time [2][5] Stock Performance - Datadog's stock is currently trading at $124.67, reflecting a decrease of 3.86% or $5 from the previous session, with fluctuations between a low of $122.31 and a high of $131.38 on the same day [3] - Over the past year, the stock has experienced significant volatility, with a high of $201.69 and a low of $81.63 [3] Market Position - The company's market capitalization is approximately $43.72 billion, indicating a strong presence in the tech industry [4] - The trading volume today is 4,238,612 shares on the NASDAQ, demonstrating active investor interest in Datadog [4][5]