Analyst Update: Angie's List Inc, Healthcare Realty Trust Inc, and ONEOK, Inc.

Analysts adjusted their ratings and price targets on Angie's List Inc (ANGI), Healthcare Realty Trust Inc (HR), and ONEOK, Inc. (OKE)

by Kirra Fedyszyn

Published on Dec 31, 2015 at 9:29 AM
Updated on Dec 31, 2015 at 9:30 AM

Analysts are weighing in today on service review website Angie's List Inc (NASDAQ:ANGI), real estate investment trust (REIT) Healthcare Realty Trust Inc (NYSE:HR), and natural gas interest ONEOK, Inc. (NYSE:OKE). Here's a quick roundup of today's brokerage notes on ANGI, HR, and OKE.

  • ANGI is set to open 2.2% higher over its Wednesday close of $9.45, after MKM Partners raised its price target on the stock to $9.50. Angie's List Inc has put in a strong performance this year, adding nearly 52% on the charts, and touched an annual high of $11.24 in late November, after rejecting a buyout bid. Nine out of 10 brokerages providing coverage call ANGI a "hold," and more than 8% of the stock's available float is sold short -- accounting for about seven days of trading, at the equity's average daily volume. Still, short interest has fallen by an impressive 53% during the last two reporting periods. 

  • HR scored a price-target hike to $31 from $29 at Stifel -- just a chip-shot from the stock's close of $28.27 on Wednesday. Healthcare Realty Trust Inc has been trending higher since September, and is within striking distance of its annual high of $31.20, tagged in late January. Still, of the nine analysts following HR, only three give it better than a "hold" rating. And the 3.1% of the security's total float currently sold short would take more than a week to buy back, at HR's average daily pace. Should more analysts follow Stifel, or should short sellers hit the bricks, HR could extend its recent rally.

  • Credit Suisse just handed OKE an upgrade to "outperform" from "neutral," and upped its price target to $40 from $36 -- a 70.8% premium to ONEOK, Inc.'s close of $23.44 on Wednesday. The stock has lost more than half of its value in 2015, underperforming the S&P 500 Index (SPX) by nearly 40 percentage points over the last three months, in particular. And the shares hit a new five-year low of $18.84 less than two weeks ago, before rising on upbeat 2016 guidance. Option buyers have been understandably wary; on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), OKE has a 50-day put/call volume ratio of 1.30 -- higher than 88% of readings from the past 12 months.

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