For Immediate Release
Chicago, IL – January 3, 2012 – Zacks Equity Research highlights
Ventas (VTR) as the Bull of the Day and
Guess? (GES) as the Bear of the Day. In addition,
Zacks Equity Research provides analysis on Ford Motor
Co. (F), Toyota Motor Corp. (TM) and
Honda Motor Co. (HMC).
Full analysis of all these stocks is available at
http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Bull of the Day:
We have changed our long-term recommendation for
Ventas (VTR) to Outperform driven by its strong
third quarter 2011 results. Recurring FFO for the reported quarter
exceeded the Zacks Consensus Estimate by $0.06 primarily due to the
accretive effect of the acquisitions of Nationwide Health
Properties and Atria.
Ventas is one of the largest healthcare REITs in the U.S., with
one of the most diversified portfolios and exposure to nearly all
types of facilities. The healthcare sector is relatively immune to
the downturn in the economy, and provides a steady source of income
that insulates the company from short-term market volatility.
Our target price is $66.00, implying a multiple of 19.9X 2011
FFO/share.
Bear of the Day:
We downgraded our recommendation on Guess?
(GES) from Neutral to Underperform as its third-quarter 2012 core
earnings of $0.71 per share missed both Zacks Consensus Estimate as
well as year ago earnings by 28% and 5%, respectively. The current
global economic headwinds and the diminishing disposable income of
the consumers were responsible for the earnings miss.
Same store sales also declined in the quarter. In the wholesale
segment, reorders for the fall collections as well as spring/summer
orders were weak. Channel mix was more than offset by accelerating
operating expenses to maintain more stores and planned
infrastructure expenses.
The potential slowdown in Europe, which has actually been one of
the company's few bright spots, also creates a major risk for
shares of GES. Our six-month target price is $27.
Latest Posts on the Zacks Analyst Blog:
Ford's Turkish Partner Invests
$3.4B
Koc Holding AS, the joint venture partner of Ford Motor
Co. (F) in Kocaeli, Turkey, announced that it will invest
6.5 billion liras ($3.4 billion) in 2012. The investment will be
focused both on Ford’s joint venture, Otomotiv Sanayi AS (Ford
Otosan), and Tupras Turkiye Petrol Rafinerileri AS, the country’s
sole crude oil supply and refining company.
Ford Otosan started production in 1965, with each company
holding a 41% share in the venture. It operates four facilities in
Turkey, two in Kocaeli, one in Eskisehir and one in Istanbul. The
joint venture has a share of about 15% in the domestic market. Its
share in the passenger car market is roughly 10%, while the share
is nearly 20% in the light commercial vehicle segment.
A few months back, Ford Otosan revised its sales forecast upward
to 351,000 units from 345,000 units for 2011. The forecasted sales
reflect a 16% increase from the sales in 2010. The guidance
included domestic sales of 135,000 units, up from the previous
forecast of 131,000 units and 126,000 units in 2010, and exports of
216,000 units, up from the prior guidance of 214,000 units and
177,000 units in 2010.
Ford Otosan plans to produce 292,000 units in 2011, up 21% from
242,000 units in 2010. The joint venture will invest $300 million
this year compared with $56 million a year ago. Turkey is one of
the most important markets for the automobile in Europe. It
occupies the sixth position in the continent in terms of automobile
production. The country’s light vehicles market expects to grow 11%
to 882,000 units this year from 792,000 in 2010.
As a result, it attracted the attention of many global
automakers, including Toyota Motor Corp. (TM),
Honda Motor Co. (HMC), Opel, Hyundai,
Mercedes-Benz and MAN AG. The companies mostly produce vans, buses
and trucks in the country.
Ford, a Zacks #3 Rank (Hold) stock, posted a 3.5% drop in
profits to $1.85 billion in the third quarter of the year from
$1.91 billion in the same quarter of prior year. However, on per
share basis, earnings were 46 cents versus 48 cents a year ago,
beating the Zacks Consensus Estimate of 44 cents. The decline in
profits was attributable to a drop in commodity prices and
anticipated reductions in Financial Services results.
Total revenues in the quarter went up $4.1 billion or 14.1% to
$33.1 billion. This compared with the Zacks Consensus Estimate of
$29.8 billion.
Get the full analysis of all these stocks by going to
http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two
stocks that are likely to outperform (Bull) or underperform (Bear)
the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides
analysis from Zacks Equity Research about the latest news and
events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and
qualitative analysis to help investors know what stocks to buy and
which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150
publicly traded stocks. Our analysts are organized by industry
which gives them keen insights to developments that affect company
profits and stock performance. Recommendations and target prices
are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides
highlights of the latest analysis from Zacks Equity Research.
Subscribe to this free newsletter today by visiting
http://at.zacks.com/?id=7158.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc.,
which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len
knew he could find patterns in stock market data that would lead to
superior investment results. Amongst his many accomplishments was
the formation of his proprietary stock picking system; the Zacks
Rank, which continues to outperform the market by nearly a 3 to 1
margin. The best way to unlock the profitable stock recommendations
and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from
the Pros. In short, it's your steady flow of Profitable ideas
GUARANTEED to be worth your time! Register for your free
subscription to Profit from the Pros at
http://at.zacks.com/?id=4582.
Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before
making any investments. Nothing herein should be construed as an
offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
FORD MOTOR CO (F): Free Stock Analysis Report
GUESS INC (GES): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis Report
VENTAS INC (VTR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Toyota Motor (NYSE:TM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Toyota Motor (NYSE:TM)
Historical Stock Chart
From Jul 2023 to Jul 2024