Analyst Update: Texas Instruments, Amex, SeaWorld

Analysts adjusted their ratings on Texas Instruments Incorporated (TXN), American Express Company (AXP), and SeaWorld Entertainment Inc (SEAS)

by Griffin Kruse

Published on Apr 27, 2015 at 11:55 AM
Updated on Jun 29, 2020 at 3:16 PM

Analysts are weighing in today on semiconductor manufacturer Texas Instruments Incorporated (NASDAQ:TXN), blue chip American Express Company (NYSE:AXP), and water park SeaWorld Entertainment Inc (NYSE:SEAS). Here's a quick look at today's brokerage notes on TXN, AXP, and SEAS.

  • The shares of TXN are 1.8% higher at $55.69, after Raymond James upgraded its rating on the stock to "strong buy." Technically speaking, Texas Instruments Incorporated gapped lower after an earnings miss last week. From a longer-term standpoint, though,  the shares are up 34.3% since notching an annual low of $41.47 on Oct. 13. However, the brokerage bunch has remained unconvinced, as 68% of covering analysts rate TXN a "hold" or worse. What's more, TXN's average 12-month price target of $56.93 is a chip-shot away from current trading levels, suggesting more upgrades and/or price-target hikes could be on the horizon.

     

  • Nomura lowered its opinion on AXP to "neutral" from "buy" while slashing its price target to $82 from $91 -- a 6% premium to the shares' current perch of $77.32. At last check, the shares of American Express Company were down 0.9%, putting them nearly 17% in the red for 2015. Options traders have kept the faith, though, as AXP's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 1.94 ranks in the 94th percentile of its annual range. Elsewhere, short interest decreased by 20.6% over the last reporting period, and now accounts for a scant 1.1% of AXP's available float.

     

  • Goldman Sachs raised its rating on SEAS to "buy" from "neutral" while lifting its price target to $26 from $18, sending the shares 5% higher to $22.58. The upgrade comes as little surprise, considering SeaWorld Entertainment Inc's comeback of late -- since hitting an all-time low of $15.11 in mid-December, SEAS gained nearly 50%. Accordingly, options traders have favored calls over puts, as SEAS' 10-day ISE/CBOE/PHLX call/put volume ratio of 29.37 is higher than 93% of all other readings from the past year. 

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