Analyst Update: Black Diamond, Under Armour, The ExOne

Analysts adjusted their ratings on Black Diamond Inc (BDE), Under Armour Inc (UA), and ExOne Co (XONE)

Mar 17, 2015 at 11:22 AM
facebook X logo linkedin


Analysts are weighing in today on athletic equipment and apparel makers Black Diamond Inc (NASDAQ:BDE) and Under Armour Inc (NYSE:UA), as well as 3-D printing issue ExOne Co (NASDAQ:XONE). Here's a quick look at today's brokerage notes on BDE, UA, and XONE.

  • BDE posted fourth-quarter earnings and announced that it is looking into selling its Black Diamond, POC Sports, and Pieps brands, prompting no fewer than five brokerage firms to revise their ratings on the equity. Drilling down, the lone downgrade came from Needham, which cut its opinion to "hold" from "buy," while D.A. Davidson and Stifel both upped their ratings to "buy." The most dramatic hike came from Canaccord Genuity, which raised its price target by $5 to $17 -- in uncharted territory for BDE -- while underscoring a "buy" rating. Today, the shares of Black Diamond Inc are up a staggering 28.5% to hit $9.06, putting the stock 3.5% in the black for 2015. Calls have been the popular choice in the options pits -- over the past 10 weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 52 calls have been bought to open for every put.

  • FBR raised its price target on UA by $3 to $86 while reiterating an "outperform" rating. On the charts, Under Armour Inc is up 0.8% to reach $77.91, and earlier touched an all-time high of $78.87, for a 14.7% gain year-to-date. Short-term puts are more prominent than usual in the options pits, as UA's Schaeffer's put/call open interest ratio (SOIR) of 1.08 sits in the 80th percentile of its annual range. What's more, just 14 out of 27 analysts offer up "buy" or better opinions. A capitulation of option bears or additional upbeat analyst attention could create tailwinds.

  • Last night, XONE posted lackluster fourth-quarter sales and a bigger-than-anticipated per-share loss, but predicted that revenue for the current quarter would beat estimates. In response, FBR cut its price target on the equity to $17 from $37 and its rating to "market perform" from "outperform." Today, the shares are down 5.9% to hit $14.26 -- spitting distance from their Feb. 3 all-time low of $13.40 -- contributing to a 15.1% year-to-date loss. There are plenty of bears cheering the dip; short interest accounts for over 39% of ExOne Co's available float, which would take nearly 12 sessions to cover, 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