Analyst Update: Angie's List, Healthcare Realty, ONEOK

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

Dec 31, 2015 at 9:29 AM
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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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