Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ- Stock (OTC: RYBPF)

Latest news for Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ- (OTC:RYBPF) Stock

Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ-

RBC Capital analyst Kenneth Lee maintains Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Sector Perform and raises the price target from $16 to $17.

News

Price Target

Analyst Ratings

RBC Capital Maintains Sector Perform on Invesco, Raises Price Target to $17

Barclays analyst Lauren Lieberman maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Overweight and raises the price target from $69 to $70.

Barclays Maintains Overweight on Coca-Cola, Raises Price Target to $70

Evercore ISI Group analyst Vijay Kumar maintains Edwards Lifesciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) with a In-Line and lowers the price target from $91 to $76.

Evercore ISI Group Maintains In-Line on Edwards Lifesciences, Lowers Price Target to $76

IPOs

Trading Ideas

Concentra Group Shares Open For Trade At $22.03/Share; IPO Priced AT $23.50/Share

RBC Capital analyst Deane Dray maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Sector Perform and raises the price target from $566 to $572.

RBC Capital Maintains Sector Perform on Lennox Intl, Raises Price Target to $572

Evercore ISI Group analyst David Palmer maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and lowers the price target from $72 to $65.

Evercore ISI Group Maintains Outperform on Chipotle Mexican Grill, Lowers Price Target to $65

Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) shares are trading higher after <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">reporting second-quarter results.</a>
The company reported adjusted earnings per share of 45 cents, which aligned with the street view. Quarterly sales of $3.92 billion marginally <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39953757/keurig-dr-pepper-reports-q2-2024-results-and-reaffirms-fiscal-2024-guidance" rel="noreferrer noopener">beat the analyst consensus estimate of $3.915 billion.</a>
Net sales for the second quarter increased 3.5%. On a constant currency basis, net sales advanced 3.4%, driven by volume/mix growth of 1.8% and higher net price realization of 1.6%.
&#8220;Our consumer-centric innovation model is resonating in market, our portfolio expansion to higher growth categories is ongoing, and we are actively enhancing an already robust route-to-market — all underpinned by an unrelenting focus on cost efficiency and capital discipline,&#8221; said&nbsp;CEO&nbsp;Tim Cofer.
Adjusted operating income increased 11.0% to&nbsp;$970 million&nbsp;and totaled 24.7% as a percent of net sales,&nbsp;reflecting the benefits of higher net price realization and net productivity.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39159609/dr-pepper-overtakes-pepsi-to-become-americas-second-favorite-soda-behind-coca-cola" rel="noreferrer noopener">Dr Pepper Overtakes Pepsi To Become America&#8217;s Second Favorite Soda Behind Coca-Cola</a>
Operating cash flow for the second quarter was&nbsp;$657 million&nbsp;, and free cash flow totaled&nbsp;$543 million.
U.S. Refreshment Beverages net sales increased by 3.3% to&nbsp;$2.4 billion, U.S. Coffee net sales decreased by 2.1% to&nbsp;$1.0 billion, and International net sales for the second quarter increased by 15.5% to&nbsp;$0.6 billion.
&#8220;Now halfway through 2024, we are on track to achieve our unchanged full year outlook, while also seeding initiatives to fuel consistent growth over multiple years,&#8221; Cofer added.
Outlook: KDP reaffirmed its fiscal 2024 guidance for constant currency net sales growth in a mid-single-digit range and Adjusted <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">EPS growth in a high-single-digit range.</a>
Price Action: KDP shares are trading higher by 1.75% to $33.35 at last check Thursday.
Read Next:
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</ul>

Earnings

Equities

Guidance

Markets

Movers

General

Keurig Dr Pepper Beats Revenue Expectations In Q2 With 3.5% Growth - 'Our Consumer-Centric Innovation Model Is Resonating In Market'

Barclays analyst Matthew Bouley maintains Taylor Morrison Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMHC#NYSE">TMHC</a>) with a Equal-Weight and raises the price target from $62 to $72.

TMHC

Barclays Maintains Equal-Weight on Taylor Morrison Home, Raises Price Target to $72

RBC Capital analyst Scott Hanold reiterates Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) with a Outperform and maintains $75 price target.

Reiteration

MTDR

RBC Capital Reiterates Outperform on Matador Resources, Maintains $75 Price Target

Evercore ISI Group analyst Steve Sakwa downgrades Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) from Outperform to In-Line and lowers the price target from $133 to $126.

Downgrades

Evercore ISI Group Downgrades Alexandria Real Estate to In-Line, Lowers Price Target to $126

Barclays analyst Jared Shaw maintains Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) with a Overweight and raises the price target from $103 to $115.

BPOP

Barclays Maintains Overweight on Popular, Raises Price Target to $115

Shares of SFL Corporation Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFL#NYSE">SFL</a>) were crushed yesterday. The Hamilton, Bermuda-based company announced that it was offering $100 million of new shares. 
Some investors are concerned that this would dilute the value of their holdings so they sold aggressively.
But the stock could be about to bounce back. There may have been a capitulation. They also have dropped to a price level that had previously been support. This is why our team of trading experts made it our ‘<a href="https://www.benzinga.com/topic/stock-of-the-day">Stock of the Day</a>'.
A capitulation occurs when sellers throw in the towel and give up. They become sick and tired of watching their stocks move lower. Finally, they decide to sell their shares regardless of the price. As a result, huge amounts of volume trade.
And this could be bullish for the stock.
After a capitulation, some traders and investors may decide that the move lower was an overreaction, so they enter the market as buyers. But they have a hard time finding someone to buy shares from. The sellers have been cleaned out.
So, these buyers will have no choice but to increase the prices they are willing to pay to draw sellers back into the market. This could force the price higher.
As you can see on the chart, <a href="https://www.benzinga.com/quote/SFL/short-interest">SFL</a> found support at the $11.60 level. This could also be a bullish dynamic.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="624" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25113334/1-27-1024x624.png" alt="SFL Corporation" class="wp-image-457299" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25113334/1-27-1024x624.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25113334/1-27-300x183.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25113334/1-27-768x468.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25113334/1-27.png 1041w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/trading-ideas/24/06/39435271/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a>
Support is a large group of traders and investors who are looking to buy shares at, or close to, the same price. In this case it's $11.60.
Sometimes stocks rally after they drop to support. This happens when some of the potential buyers become concerned that they are going to miss the opportunity to acquire shares.
They know that the sellers will go to whichever buyer is willing to pay the highest price. As a result, they increase their bid price. For example, instead of paying $11.60, they may increase their bid to $11.70.
Other concerned buyers may see this and decide to increase their bids as well. This could result in a snowball effect which pushes <a href="https://www.benzinga.com/quote/SFL">SFL</a> higher.
Finding support after a capitulation can be a bullish setup for a stock. There is a good chance SFL recovers and a new uptrend forms.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39958813/surprise-q2-gdp-growth-inflation-eases-economy-is-much-stronger-than-people-realize-7-etfs">Surprise Q2 GDP Growth, Inflation Eases — &#8216;Economy Is Much Stronger Than People Realize&#8217;: 7 ETFs On The Move</a></li>
</ul>

Stock Of The Day: Reversal For SFL Corp? Why Investors Are Concerned

RBC Capital analyst Keith Mackey reiterates Nabors Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) with a Sector Perform and maintains $114 price target.

RBC Capital Reiterates Sector Perform on Nabors Industries, Maintains $114 Price Target

Barclays analyst Duffy Fischer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Equal-Weight and raises the price target from $38 to $40.

Barclays Maintains Equal-Weight on Pilgrims Pride, Raises Price Target to $40

RBC Capital analyst Nik Modi reiterates Oatly Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLY#NASDAQ">OTLY</a>) with a Sector Perform and maintains $1.05 price target.

OTLY

RBC Capital Reiterates Sector Perform on Oatly Group, Maintains $1.05 Price Target

Lear Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEA#NYSE">LEA</a>) shares are trading higher after the <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">company reported second-quarter results.</a>
Lear reported quarterly adjusted earnings per share of $3.60, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the street view of $3.40</a>. Revenues of $6.012 billion, missed the street view of $6.036 billion.
&#8220;We are executing our thermal comfort strategy, and, today, we are introducing ComfortFlex by Lear modular designs and the ComfortMax Seat by Lear technology,&#8221; said Ray Scott, Lear&#8217;s President and Chief Executive Officer.&nbsp;
In the second quarter, global vehicle production was down 1% compared to a year ago, with&nbsp;North America&nbsp;up 2%,&nbsp;Europe&nbsp;down 6% and&nbsp;China&nbsp;up 5%. Global vehicle production was down 1% on a Lear sales-weighted basis.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39945781/meta-cracks-down-on-nigerian-yahoo-boys-in-massive-sextortion-scam-purge-bans-63k-accounts" rel="noreferrer noopener">Meta Cracks Down On Nigerian&#8217; Yahoo Boys&#8217; In Massive Sextortion Scam Purge, Bans 63K Accounts</a>
In the second quarter of 2024, operating cash flow was&nbsp;$291 million,&nbsp;and free cash flow&nbsp;was&nbsp;$170 million.
In the second quarter, the total company registered growth over market of 3 percentage points, with 7 percentage points in E-Systems and 2 percentage points in Seating.
The company exited the quarter with cash and equivalents worth $950.3 million.
Meanwhile, following a nearly three-day strike, a union representing approximately 500 workers at a Lear factory in Missouri has reportedly reached a tentative agreement with the company.
This resolution allows General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to resume production of its midsize pickups and cargo vans, reported Detroit Free Press.
Lear spokesman Brian Corbett&nbsp;<a target="_blank" href="https://www.freep.com/story/money/cars/general-motors/2024/07/25/uaw-lear-tentative-contract-gm-wentzville-pickup-production/74539529007/" rel="noreferrer noopener">told</a> the Detroit Free Press, &#8220;We are pleased to have reached a tentative agreement with the UAW at our Wentzville facility. We are focused on resuming normal operations.&#8221;
Outlook: Lear reduced its FY24 net sales forecast from $24 billion &#8211; $24.60 billion to $23.23 billion &#8211;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> $23.67 billion (estimate: $23.95 billion)</a>.
Price Action: LEA shares are trading higher by 4.73% to $121.98 at last check Thursday.
Image: Unsplash/ Lenny Kuhne
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39959245/whats-going-on-with-lucid-group-stock-today" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Lucid Group Stock Today?</a></li>
</ul>

Lear Reports Strong Q2 EPS Beat, CEO Touts 'Thermal Comfort Strategy'

Deutsche Bank analyst Brad Zelnick maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Hold and raises the price target from $175 to $185.

CHKP

Deutsche Bank Maintains Hold on Check Point Software, Raises Price Target to $185

Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has outperformed the market over the past 20 years by 23.04% on an annualized basis producing an average annual return of 31.36%. Currently, Netflix has a market capitalization of $276.04 billion. 
Buying $1000 In NFLX: If an investor had bought $1000 of NFLX stock 20 years ago, it would be worth $223,333.33 today based on a price of $643.20 for NFLX at the time of writing.
<h3>Netflix's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721925037_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NFLX

$1000 Invested In Netflix 20 Years Ago Would Be Worth This Much Today

Moody's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) has outperformed the market over the past 5 years by 4.49% on an annualized basis producing an average annual return of 17.11%. Currently, Moody's has a market capitalization of $80.69 billion. 
Buying $1000 In MCO: If an investor had bought $1000 of MCO stock 5 years ago, it would be worth $2,211.36 today based on a price of $443.13 for MCO at the time of writing.
<h3>Moody's's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721925032_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,200 Today

Donaldson's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) short percent of float has fallen 5.58% since its last report. The company recently reported that it has 1.75 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Donaldson Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721925020_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Donaldson has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Donaldson's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Donaldson's peer group average for short interest as a percentage of float is 3.28%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ-

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Latest news for Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ- (OTC:RYBPF) Stock