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Gentex Up 9.6%, Hits 52-Week High (GNTX)
Wednesday, December 8, 2010 - 4:19pm | 89Shares of Gentex Corporation (Nasdaq: GNTX) are trading up 9.6% at $29.48 per share during the Wednesday afternoon trading session. The day's trading range for shares of Gentex Corporation has been between $26.94 and a 52-week high of $30.28 per share. Analysts covering the company's stock give it...
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 11:03am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 10:31am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...
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ArvinMeritor's PT Raised After Investor Day
Wednesday, December 8, 2010 - 9:49am | 119JP Morgan has published a research report on ArvinMeritor, Inc. (NYSE: ARM) and has raised the price target after attending the company's investor day. In the report, JP Morgan writes "From FY09 to FY10, ARM exposure to South America grew to 30% of segment sales from 21% while exposure to N.A and...
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Goldman Sachs Views ArvinMeritor's Analyst Day as Somewhat Conservative
Wednesday, December 8, 2010 - 9:17am | 109Goldman Sachs is out with its report on ArvinMeritor (NYSE: ARM) following ARM's analyst day. Some of the key takeaways Goldman Sachs notes are, "The company is targeting a 10% EBITDA margin by late 2012 and a quarterly revenue run-rate of $1.3bn. Consistent with recent orders, the NA Class 8...
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Benzinga's Top Downgrades (JCI, MMM, NFLX, WY)
Wednesday, December 8, 2010 - 8:57am | 129Johnson Controls Inc (NYSE: JCI) was downgraded by Deutsche Bank from "buy" to "hold." JCI's shares closed at $39.00 yesterday Johnson Controls' trailing-twelve-month ROA is 4.27%. 3M Company (NYSE: MMM) was downgraded by Goldman from "buy" to "neutral." MMM's stock closed at $84.19 yesterday. 3M's...
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J.P. Morgan Raises ArvinMeritor PT From $20 To $21
Wednesday, December 8, 2010 - 8:35am | 49Following ArvinMeritor, Inc.'s (NYSE: ARM) investor day, J.P. Morgan is raising its Dec-2011 price target of $20 to $21 based on 2012E EBITDA (using 6.5x EV/EBITDAPO multiple) and reiterate its Neutral rating with a positive bias. ArvinMeritor closed Tuesday at $18.98.
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Northland Securities Adjusts Price Target (FSYS, JCOM)
Tuesday, December 7, 2010 - 10:46am | 43Northland Securities downgrades its price target on Fuel Systems Solutions (NASDAQ: FSYS) from $38 to $33. Northland Securities increases its price target on j2 Global (NASDAQ: JCOM) from $30 to $35.
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Gentex Mirror Technology Featured on New Jaguar
Tuesday, December 7, 2010 - 9:44am | 69Gentex Corporation (NASDAQ: GNTX) has announced that it is shipping a three-mirror auto-dimming rearview mirror system with its SmartBeam® High-Beam Assist technology for the all-new Jaguar XJ. Called "Auto High Beam Assist" by Jaguar, SmartBeam was introduced on the new XJ in the European and...
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China Auto Enters Oversold Territory - Tale of the Tape
Monday, December 6, 2010 - 1:13pm | 112China Automotive Systems, Inc's (CAAS) share price has entered into oversold territory with a stochastic value of 17.64. The Zacks Consensus Estimate on the company's earnings for 2010 increased by 4 cents over the past month to $1.12 per share. China Automotive System is a Zacks #2 Rank (“Buy”)...
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Hawk Corporation Acquired by Carlisle Companies, Inc. for $50 per Share
Monday, December 6, 2010 - 12:22pm | 82Harris Williams & Co. announces that Hawk Corporation (NYSE: HWK) has been acquired by Carlisle Companies, Inc. (NYSE: CSL) for $50.00 per share in an all-cash transaction, representing an equity value of approximately $413 million. Hawk was advised by a Harris Williams & Co. team led by...
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China Auto Enters Oversold Territory - Tale of the Tape
Monday, December 6, 2010 - 12:19pm | 112China Automotive Systems, Inc's (CAAS) share price has entered into oversold territory with a stochastic value of 17.64. The Zacks Consensus Estimate on the company's earnings for 2010 increased by 4 cents over the past month to $1.12 per share. China Automotive System is a Zacks #2 Rank (“Buy”)...
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GNTX, HAR Could Benefit From NHTSA Camera Proposal, J.P. Morgan Reports
Monday, December 6, 2010 - 9:23am | 125On Dec 3rd, the National Highway Traffic Safety Administration (NHTSA) announced its proposal to expand the current rear visibility requirements in all vehicles in the U.S. that are 10,000lbs and under, J.P. Morgan reports. “Most auto manufacturers would comply with the new proposed standards by...
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J.P. Morgan Raising Price Target On Gentex
Monday, December 6, 2010 - 8:56am | 24Analysts at J.P. Morgan have raised its Price Target on Gentex (Nasdaq: GNTX) from $26 to $33.
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ArvinMeritor To Fall? (ARM)
Friday, December 3, 2010 - 2:39pm | 155Shares of ArvinMeritor, Inc. (NYSE: ARM) are higher on the session by 1.64%, currently trading at $19.27. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...