Analyst Update: Century Aluminum, PVH, Yelp

Analysts adjusted their ratings on Century Aluminum Co (CENX), PVH Corp (PVH), and Yelp Inc (YELP)

Feb 9, 2015 at 12:22 PM
facebook X logo linkedin


Analysts are weighing in today on aluminum issue Century Aluminum Co (NASDAQ:CENX), apparel company PVH Corp (NYSE:PVH), and online reviewer Yelp Inc (NYSE:YELP). Here's a quick look at today's brokerage notes on CENX, PVH, and Yelp.

  • CENX is down 8.6% this afternoon to hit $23.09, after J.P. Morgan Securities cut its price target on the equity to $17.50 from $20 and downgraded its rating to "underweight" from "neutral." On the charts, Century Aluminum Co -- which reports fourth-quarter earnings after the close on Thursday, Feb. 19 -- has shed 27.3% since hitting a six-year high of $31.75 in late November. Accordingly, sentiment in the stock's options pits is at a pessimistic climax, as its 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 105.64 is the highest reading taken over the past year.

  • The shares of PVH hit $102 (their lowest level since October 2012) today, after J.P. Morgan Securities dramatically slashed its price target to $93 from $135, and cut its per-share earnings guidance for the company. At last check, the stock was down 4.7% at $103.54. Year-to-date, the struggling equity is down over 19%. However, call buying is popular in PVH Corp's options pits, with its 10-day ISE/CBOE/PHLX call/put volume ratio of 3.70 sitting in the 73rd percentile of its annual range. What's more, 64% of covering analysts rate the stock a "buy" or better, and its 12-month consensus price target of $141.53 sits at a 36.7% premium to current trading levels, and rests in uncharted territory for PVH.

  • FBN Securities cut its price target on YELP to $60 from $80 this morning -- but reiterated an "outperform" prediction -- prompting the shares to fall to an annual low of $43.01. Yelp Inc, which reported subpar user growth in last week's earnings release, has lost 21.4% year-to-date, and was last seen 4.5% lower at $43.06. Presently, sentiment in the stock's options pits is bullish, with its 50-day ISE/CBOE/PHLX call/put volume ratio of 1.96 reading higher than 72% of all similar annual readings.
 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!