Analyst Update: Boeing, Avis Budget, and Zillow

Analysts adjusted their ratings on Boeing Co (BA), Avis Budget Group Inc. (CAR), and Zillow Group Inc (Z)

Feb 20, 2015 at 12:12 PM
facebook X logo linkedin


Analysts are weighing in today on aerospace titan Boeing Co (NYSE:BA), car rental concern Avis Budget Group Inc. (NASDAQ:CAR), and online real estate firm Zillow Group Inc (NASDAQ:Z). Here's a quick look at today's brokerage notes on BA, CAR, and Z.

  • BA announced a new $30 million contract to develop laser weapons for the U.S. Navy earlier this week, which may have prompted Sterne Agee to up its price target on the equity by $32 to $196 this morning. The shares of Boeing Co are up over 2.8% this afternoon to trade at $158.18 -- and earlier notched an all-time high of $158.58 -- adding to an impressive 21.7% year-to-date gain. Surprisingly, sentiment in the stock's options pits is nearing a bearish peak, as BA's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 1.00 sits just 2 percentage points away from an annual high.

  • Following Wednesday night's impressive earnings release, no fewer than three brokerage firms have adjusted their ratings on CAR. Specifically, Credit Suisse raised its price target to $76 from $72 while underscoring an "outperform" rating, J.P. Morgan Securities upped its price target to $70 from $68 while reiterating an "overweight" rating, and Avondale Partners cut its recommendation to "market perform" from "market outperform." Although the shares of Avis Budget Group Inc. are down 2.9% today to hit $62.97, the equity has been trending upwards overall, advancing more than 40% year-over-year. Accordingly, sentiment in the stock's options pits is bullish, as CAR's 10-day ISE/CBOE/PHLX call/put volume ratio of 2.97 sits higher than three-fourths of all similar annual readings.

  • Z, which acquired Trulia Inc. earlier this week, received attention from Craig-Hallum this morning, which raised its price target to $110 from $100 while reiterating a "hold" rating. Today, the shares are up about 3.4% to reach $125.41, adding to a 19% week-to-date gain. What's more, sentiment in Zillow Group Inc's options pits is bullish, with the equity's 10-day ISE/CBOE/PHLX call/put volume ratio of 1.78 standing in the 91st percentile of its annual range. However, outside of the options pits, over half of the stock's available float is sold short, representing nearly 15 sessions' worth of pent-up buying demand, at average trading volumes.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI