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First Ntl (NASDAQ:FXNC) Stock, Option Chain

First Ntl

FIRST NATL CORP STRASBURG VA

First National

First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. Loan products and services include personal loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking and savings. The Bank's wealth management division offers estate planning, investment management of assets, retirement accounts, and estate settlement.

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Long Ideas

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First National Corporation - Common Stock

First National Corp

Dividends

First National Increases Quarterly Dividend From $0.15 To $0.155

First National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.36 by 8.33 percent. This is a 22 percent decrease over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $14.95 million which beat the analyst consensus estimate of $14.80 million by 1.03 percent. This is a 8.85 percent increase over sales of $13.74 million the same period last year.

Earnings

Earnings Beats

First National Q3 Adj $0.39 Beats $0.36 Estimate, Sales $14.95M Beat $14.80M Estimate

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/66433a0c6d48530001dc96e5/anthony-codling">RBC Capital analyst Anthony Codling</a> upgraded the rating for CEMEX, S.A.B. de C.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CX#NYSE">CX</a>) from Underperform to Sector Perform but lowered the price target from $9 to $6.5. Cemex shares fell 0.7% to close at $5.88 on Monday. <a href="https://www.benzinga.com/quote/CX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Steven Chubak upgraded Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) from Peer Perform to Outperform and announced a $65 price target. Wells Fargo shares gained 0.4% to close at $57.16 on Monday. <a href="https://www.benzinga.com/quote/WFC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59d7dc9c6ab1240001d3a462/vernon-bernardino">HC Wainwright &amp; Co. analyst Vernon Bernardino</a> upgraded the rating for Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) from Neutral to Buy and announced a price target of $116. Cassava Sciences shares fell 6.2% to close at $25.41 on Monday. <a href="https://www.benzinga.com/quote/SAVA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BTIG analyst Vincent Caintic upgraded Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from Neutral to Buy and announced a $68 price target. Affirm shares closed at $38.60 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush analyst Jay McCanless upgraded the rating for UFP Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>) from Neutral to Outperform and raised the price target from $120 to $155. UFP Industries shares closed at $129.58 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying WFC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="519" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-1024x519.png" alt="" class="wp-image-585560" style="width:602px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-1024x519.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52-768x389.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090857/image-52.png 1342w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41221716/dow-dips-around-400-points-as-treasury-yields-top-4-investor-optimism-declines-but-fear-index-remai">Dow Dips Around 400 Points As Treasury Yields Top 4%: Investor Optimism Declines, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5909e5c2290fa700012c0333/suraj-kalia">Oppenheimer analyst Suraj Kalia</a> initiated coverage on Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) with an Outperform rating and announced a price target of $130. Abbott shares gained 0.6% to close at $113.36 on Monday. <a href="https://www.benzinga.com/quote/abt/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Eva Fortea Verdejo initiated coverage on Arcus Biosciences, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCUS#NYSE">RCUS</a>) with an Overweight rating and announced a price target of $29. Arcus Biosciences shares gained 3.9% to close at $17.30 on Monday. <a href="https://www.benzinga.com/quote/RCUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586cf168351b9b0001a30552/charles-minervino">Susquehanna analyst Charles Minervino</a> initiated coverage on Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) with a Positive rating and announced a price target of $120. Howmet Aerospace shares gained 0.8% to close at $102.83 on Monday. <a href="https://www.benzinga.com/quote/HWM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Judah Frommer initiated coverage on Bicara Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAX#NASDAQ">BCAX</a>) with an Overweight rating and announced a price target of $35. Bicara Therapeutics shares fell 2.8% to close at $24.45 on Monday. <a href="https://www.benzinga.com/quote/BCAX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Hovde Group initiated coverage on First National Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) with an Outperform rating and announced a price target of $22. First National shares gained 0.9% to close at $18.37 on Monday. <a href="https://www.benzinga.com/quote/FXNC/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying ABT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090124/image-51-1024x504.png" alt="" class="wp-image-585542" style="width:646px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090124/image-51-1024x504.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090124/image-51-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090124/image-51-768x378.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08090124/image-51.png 1347w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41221716/dow-dips-around-400-points-as-treasury-yields-top-4-investor-optimism-declines-but-fear-index-remai">Dow Dips Around 400 Points As Treasury Yields Top 4%: Investor Optimism Declines, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Hovde Group initiates coverage on First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) with a Outperform rating and announces Price Target of $22.

Price Target

Hovde Group Initiates Coverage On First Ntl with Outperform Rating, Announces Price Target of $22

WIIM

First National shares are trading higher after the company announced it received shareholders approval for a merger.

First National Corporation and Touchstone Bankshares, Inc. Receive Shareholders Approvals For Merger

First National Corporation ("First National") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>), the bank holding company of First Bank, and Touchstone Bankshares, Inc. ("Touchstone") (OTCPK: TSBA), the bank holding company of Touchstone Bank, announced today the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting under authority delegated by the Board of Governors of the Federal Reserve System, and the Bureau of Financial Institutions of the Commonwealth of Virginia, to complete the previously announced merger of Touchstone with and into First National in an all-stock transaction (the "Merger").&nbsp;&nbsp; Immediately following the Merger, Touchstone Bank would then immediately merge with and into First Bank.

First National Corporation And Touchstone Bankshares Announce Receipt Of Regulatory Approvals For Merger,  To Close In Q4 2024 Combined Company Would Have ~$2.1B In Assets, $1.8B In Deposits, And $1.5B In Loans

Janney Montgomery Scott analyst John Rodis upgrades First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) from Neutral to Buy and announces $21 price target.

Janney Montgomery Scott Upgrades First Ntl to Buy, Announces $21 Price Target

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Noble</h3>
<ul>
<li>The Trade: Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) 10% owner APMH Invest A/S <a href="https://www.benzinga.com/quote/NE/analyst-ratings">acquired a total of 300,000 shares</a> at an average price of $44.15. To acquire these shares, it cost around $13.2 million.</li>
<li>What's Happening: Last month, Noble announced an agreement to acquire Diamond Offshore Drilling, Inc. for $2.15 billion in a cash &amp; stock deal.</li>
<li>What Noble Does: Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units.</li>
</ul>
<h3 class="wp-block-heading">Friedman Industries</h3>
<ul>
<li>The Trade: Friedman Industries, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRD#NYSE">FRD</a>) Director, President / CEO Mike J Taylor acquired a total of 5,000 shares at an average price of $14.50. To acquire these shares, it cost around $72,500.</li>
<li>What's Happening: On June 26, Friedman Industries declared a cash dividend of 4 cents per share.</li>
<li>What Friedman Industries Does: Friedman Industries Inc is engaged in the manufacturing and processing of steel products.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Dave &amp; Buster&#8217;s Entertainment</h3>
<ul>
<li>The Trade: Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) CFO Darin Harper <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 13,578 shares</a> at an average price of $38.77. To acquire these shares, it cost around $526,420.</li>
<li>What's Happening: On June 12, Dave &amp; Buster&#8217;s reported worse-than-expected first-quarter financial results.</li>
<li>What Dave &amp; Buster&#8217;s Entertainment Does: Dave &amp; Buster&#8217;s Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports.</li>
</ul>
<h3 class="wp-block-heading">First National</h3>
<ul>
<li>The Trade: First National Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) Director Kirtesh Patel <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 7,500 shares</a> at an average price of $15.56. The insider spent around $116,700 to buy those shares. </li>
<li>What's Happening: On April 30, First National Corporation reported unaudited consolidated net income of $3.2 million for the three months ended March 31, 2024.</li>
<li>What First National Does: First National Corp is a bank holding company of First Bank, which is a commercial bank.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646161/top-3-financial-stocks-youll-regret-missing-in-q3">Top 3 Financial Stocks You&#8217;ll Regret Missing In Q3</a>

First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) reported its Q4 earnings results on Thursday, February 1, 2024 at 07:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
First Ntl missed estimated earnings by 129.17%, reporting an EPS of $-0.14 versus an estimate of $0.48.
Revenue was down $2.26 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.0 which was followed by a 1.58% increase in the share price the next day.

To track all earnings releases for First Ntl <a href="https://www.benzinga.com/quote/FXNC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: First Ntl Q4 Earnings

Tuesday marks the last chance for investors to receive the next dividend payout from First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 15 cents per share. On Wednesday, First Ntl will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FXNC as of the end of Tuesday's session are eligible to receive the 15 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 08, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/FXNC">Track real-time stock fluctuations for First Ntl on Benzinga.</a>

First Ntl: Dividend Insights

Gerald Smith JR, Director at First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>), reported a large insider buy on September 20, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000719402/000143774923026453//Archives/edgar/data/719402/000143774923026453/0001437749-23-026453-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that JR purchased 4,600 shares of First Ntl. The total transaction amounted to $75,670. 
First Ntl shares are trading up 4.03% at $16.76 at the time of this writing on Thursday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000719402">Check Out The Full List Of First Ntl's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Director At This Financials Company Buys $75K of Stock

Gerald Smith JR, Director at First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>), reported a large insider buy on September 18, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000719402/000143774923026181//Archives/edgar/data/719402/000143774923026181/0001437749-23-026181-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that JR purchased 2,988 shares of First Ntl. The total transaction amounted to $53,421. 
First Ntl shares are trading down 0.0% at $16.3 at the time of this writing on Tuesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000719402">Check Out The Full List Of First Ntl's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

First Ntl Director Trades $53K In Company Stock

Downgrades

Intraday Update

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Benzinga's Top Ratings Upgrades, Downgrades For September 12, 2023

Janney Montgomery Scott analyst John Rodis downgrades First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) from Buy to Neutral and announces $19 price target.

Janney Montgomery Scott Downgrades First Ntl to Neutral, Announces $19 Price Target

First National Corporation Raises Quarterly Dividend From $0.14 To $0.15/Share

First National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FXNC#NASDAQ">FXNC</a>) reported quarterly earnings of $0.76 per share. This is a 117.14 percent increase over earnings of $0.35 per share from the same period last year.

First National Q4 EPS $0.76 Up From $0.35 YoY

<h3>Upgrades</h3>
<ul>
<li>According to Janney Montgomery Scott, the prior rating for Consolidated Water Co Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) was changed from Neutral to Buy. In the third quarter, Consolidated Water Co showed an EPS of $0.05, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $20.58 and a 52-week-low of $9.01. At the end of the last trading period, Consolidated Water Co closed at $13.70.</li>
<li>According to Benchmark, the prior rating for Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) was changed from Hold to Buy. In the third quarter, Tencent Music Enter Gr showed an EPS of $0.12, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $7.66 and a 52-week-low of $2.95. At the end of the last trading period, Tencent Music Enter Gr closed at $5.81.</li>
<li>For Lincoln National Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the third quarter, Lincoln National had an EPS of $1.39, compared to year-ago quarter EPS of $1.62. The stock has a 52-week-high of $76.40 and a 52-week-low of $32.59. At the end of the last trading period, Lincoln National closed at $34.16.</li>
<li>Deutsche Bank upgraded the previous rating for Cabot Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBT#NYSE">CBT</a>) from Hold to Buy. For the fourth quarter, Cabot had an EPS of $1.55, compared to year-ago quarter EPS of $1.11. At the moment, the stock has a 52-week-high of $78.62 and a 52-week-low of $53.32. Cabot closed at $72.75 at the end of the last trading period.</li>
<li>Atlantic Equities upgraded the previous rating for Xylem Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>) from Neutral to Overweight. Xylem earned $0.79 in the third quarter, compared to $0.63 in the year-ago quarter. The stock has a 52-week-high of $121.05 and a 52-week-low of $72.08. At the end of the last trading period, Xylem closed at $112.13.</li>
<li>Wells Fargo upgraded the previous rating for Oscar Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) from Equal-Weight to Overweight. Oscar Health earned $0.91 in the third quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.53 and a 52-week-low of $2.34. Oscar Health closed at $2.89 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
&nbsp;
<h3>Downgrades</h3>
<ul>
<li>Chardan Capital downgraded the previous rating for Evelo Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLO#NASDAQ">EVLO</a>) from Buy to Neutral. Evelo Biosciences earned $0.28 in the third quarter, compared to $0.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.83 and a 52-week-low of $1.42. Evelo Biosciences closed at $2.19 at the end of the last trading period.</li>
<li>B. Riley Securities downgraded the previous rating for Spectrum Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPI#NASDAQ">SPPI</a>) from Buy to Neutral. Spectrum Pharmaceuticals earned $0.12 in the third quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Spectrum Pharmaceuticals shows a 52-week-high of $1.62 and a 52-week-low of $0.36. Moreover, at the end of the last trading period, the closing price was at $0.52.</li>
<li>According to UBS, the prior rating for Advance Auto Parts Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) was changed from Buy to Neutral. In the third quarter, Advance Auto Parts showed an EPS of $2.84, compared to $3.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $244.55 and a 52-week-low of $154.46. Advance Auto Parts closed at $183.94 at the end of the last trading period.</li>
<li>For Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), Argus Research downgraded the previous rating of Hold to Sell. In the third quarter, Rocket Companies showed an EPS of $0.08, compared to $0.57 from the year-ago quarter. The stock has a 52-week-high of $15.26 and a 52-week-low of $5.97. At the end of the last trading period, Rocket Companies closed at $8.38.</li>
<li>JonesTrading downgraded the previous rating for Inhibikase Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IKT#NASDAQ">IKT</a>) from Buy to Hold. In the third quarter, Inhibikase Therapeutics showed an EPS of $0.18, compared to $0.18 from the year-ago quarter. The current stock performance of Inhibikase Therapeutics shows a 52-week-high of $1.80 and a 52-week-low of $0.44. Moreover, at the end of the last trading period, the closing price was at $0.62.</li>
<li>For Winc Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WBEV#AMEX">WBEV</a>), Canaccord Genuity downgraded the previous rating of Buy to Hold. In the third quarter, Winc showed an EPS of $0.33, compared to $2.55 from the year-ago quarter. The current stock performance of Winc shows a 52-week-high of $8.66 and a 52-week-low of $0.40. Moreover, at the end of the last trading period, the closing price was at $0.45.</li>
<li>According to B. Riley Securities, the prior rating for Infinity Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFI#NASDAQ">INFI</a>) was changed from Buy to Neutral. In the third quarter, Infinity Pharmaceuticals showed an EPS of $0.12, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.41 and a 52-week-low of $0.46. Infinity Pharmaceuticals closed at $0.79 at the end of the last trading period.</li>
<li>For Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>), Deutsche Bank downgraded the previous rating of Buy to Hold. At the moment, the stock has a 52-week-high of $23.63 and a 52-week-low of $7.83. Evotec closed at $9.25 at the end of the last trading period.</li>
<li>For Sotera Health Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHC#NASDAQ">SHC</a>), Barclays downgraded the previous rating of Equal-Weight to Underweight. For the third quarter, Sotera Health had an EPS of $0.23, compared to year-ago quarter EPS of $0.21. The current stock performance of Sotera Health shows a 52-week-high of $24.90 and a 52-week-low of $5.78. Moreover, at the end of the last trading period, the closing price was at $6.97.</li>
<li>For Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>), Goldman Sachs downgraded the previous rating of Buy to Neutral. In the third quarter, Unum showed an EPS of $1.51, compared to $1.03 from the year-ago quarter. The stock has a 52-week-high of $46.64 and a 52-week-low of $24.23. At the end of the last trading period, Unum closed at $40.55.</li>
<li>According to Oppenheimer, the prior rating for Evoqua Water Technologies Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AQUA#NYSE">AQUA</a>) was changed from Outperform to Perform. For the fourth quarter, Evoqua Water Technologies had an EPS of $0.45, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $48.49 and a 52-week-low of $30.44. Evoqua Water Technologies closed at $44.79 at the end of the last trading period.</li>
<li>According to Raymond James, the prior rating for The Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) was changed from Outperform to Market Perform. Home Depot earned $4.24 in the third quarter, compared to $3.92 in the year-ago quarter. The current stock performance of Home Depot shows a 52-week-high of $417.84 and a 52-week-low of $264.51. Moreover, at the end of the last trading period, the closing price was at $311.93.</li>
<li>According to UBS, the prior rating for Corteva Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) was changed from Buy to Neutral. Corteva earned $0.12 in the third quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Corteva shows a 52-week-high of $68.43 and a 52-week-low of $43.74. Moreover, at the end of the last trading period, the closing price was at $66.72.</li>
<li>According to Keybanc, the prior rating for Rapid7 Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) was changed from Overweight to Sector Weight. In the third quarter, Rapid7 showed an EPS of $0.14, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $118.42 and a 52-week-low of $26.48. At the end of the last trading period, Rapid7 closed at $30.92.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
&nbsp;
<h3>Initiations</h3>
<ul>
<li>With an Outperform rating, Evercore ISI Group initiated coverage on Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>). The price target seems to have been set at $35.00 for Lithium Americas. For the third quarter, Lithium Americas had an EPS of $0.30, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $40.39 and a 52-week-low of $18.89. At the end of the last trading period, Lithium Americas closed at $26.39.</li>
<li>Truist Securities initiated coverage on AbCellera Biologics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABCL#NASDAQ">ABCL</a>) with a Buy rating. The price target for AbCellera Biologics is set to $29.00. AbCellera Biologics earned $0.08 in the third quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.97 and a 52-week-low of $5.42. AbCellera Biologics closed at $14.49 at the end of the last trading period.</li>
<li>Needham initiated coverage on Altair Engineering Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) with a Buy rating. The price target for Altair Engineering is set to $60.00. In the third quarter, Altair Engineering showed an EPS of $0.05, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $78.38 and a 52-week-low of $43.17. At the end of the last trading period, Altair Engineering closed at $50.07.</li>
<li>Edward Jones initiated coverage on Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) with a Hold rating. In the third quarter, Synopsys showed an EPS of $2.10, compared to $1.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $391.17 and a 52-week-low of $255.02. Synopsys closed at $334.20 at the end of the last trading period.</li>
<li>JMP Securities initiated coverage on Spruce Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRB#NASDAQ">SPRB</a>) with a Market Outperform rating. The price target for Spruce Biosciences is set to $8.00. For the third quarter, Spruce Biosciences had an EPS of $0.48, compared to year-ago quarter EPS of $0.49. At the moment, the stock has a 52-week-high of $4.69 and a 52-week-low of $0.96. Spruce Biosciences closed at $1.05 at the end of the last trading period.</li>
<li>RBC Capital initiated coverage on Mind Medicine Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) with an Outperform rating. The price target for Mind Medicine is set to $5.00. Mind Medicine earned $0.56 in the third quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.10 and a 52-week-low of $2.35. Mind Medicine closed at $2.86 at the end of the last trading period.</li>
<li>With a Neutral rating, Credit Suisse initiated coverage on Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>). The price target seems to have been set at $85.00 for Microchip Technology. Microchip Technology earned $1.46 in the second quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $88.97 and a 52-week-low of $54.33. At the end of the last trading period, Microchip Technology closed at $76.94.</li>
<li>Credit Suisse initiated coverage on Monolithic Power Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) with an Outperform rating. The price target for Monolithic Power Systems is set to $475.00. Monolithic Power Systems earned $3.53 in the third quarter, compared to $2.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $541.39 and a 52-week-low of $301.69. Monolithic Power Systems closed at $405.03 at the end of the last trading period.</li>
<li>Credit Suisse initiated coverage on Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with an Outperform rating. The price target for Marvell Tech is set to $56.00. Marvell Tech earned $0.57 in the second quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $91.78 and a 52-week-low of $35.30. Marvell Tech closed at $44.70 at the end of the last trading period.</li>
<li>Credit Suisse initiated coverage on NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Neutral rating. The price target for NXP Semiconductors is set to $195.00. For the third quarter, NXP Semiconductors had an EPS of $3.81, compared to year-ago quarter EPS of $2.84. The current stock performance of NXP Semiconductors shows a 52-week-high of $234.90 and a 52-week-low of $132.08. Moreover, at the end of the last trading period, the closing price was at $174.81.</li>
<li>Credit Suisse initiated coverage on Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with an Outperform rating. The price target for Qualcomm is set to $150.00. Qualcomm earned $3.13 in the fourth quarter, compared to $2.55 in the year-ago quarter. The stock has a 52-week-high of $193.58 and a 52-week-low of $101.93. At the end of the last trading period, Qualcomm closed at $126.02.</li>
<li>Credit Suisse initiated coverage on Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with an Outperform rating. The price target for Micron Technology is set to $78.00. In the fourth quarter, Micron Technology showed an EPS of $1.45, compared to $2.42 from the year-ago quarter. The current stock performance of Micron Technology shows a 52-week-high of $98.45 and a 52-week-low of $48.45. Moreover, at the end of the last trading period, the closing price was at $63.10.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For November 16, 2022

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