Analyst Update: Transocean LTD, Dreamworks Animation Skg Inc, and Amazon.com, Inc.

Analysts adjusted their ratings and price targets on Transocean LTD (NYSE:RIG), Dreamworks Animation Skg Inc (NASDAQ:DWA), and Amazon.com, Inc. (NASDAQ:AMZN)

by Josh Selway

Published on Jan 12, 2016 at 1:33 PM

Analysts are weighing in today on offshore driller Transocean LTD (NYSE:RIG), entertainment stock Dreamworks Animation Skg Inc (NASDAQ:DWA), and e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN). Here's a quick roundup of today's brokerage notes on RIG, DWA, and AMZN.

  • It's no secret commodity stocks have been hurting, and RIG has been no exception. The shares have been consistently knocking out new lows recently, notching a new all-time bottom of $9.78 earlier. On top of sliding oil futures, Transocean LTD is being weighed down by a price-target cut to $11 from $13 at UBS. The stock was last seen down 4.2% at $9.91, and short sellers couldn't be happier. Almost 35% of RIG's float is sold short, which is the equivalent of nearly 12 days' worth of buying power, at normal daily volumes. 

  • DWA is going the other direction, with the shares picking up 4.6% at $25.55, following an upgrade to "outperform" at FBR. The stock is now trying to re-take its 20-day moving average, a level that guided the shares higher throughout December. Option traders are set to cash in if Dreamworks Animation Skg Inc does extend its rally. DWA's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at an astonishing 16.63 -- just 8 percentage points from an annual high

  • AMZN is also edging higher today, last seen up 0.3% at $619.95. The Street is apparently responding to a price-target hike at UBS to $750 from $700 -- representing all-time-high territory for the stock. After a brilliant 2015, Amazon.com, Inc. has swooned with the broader market this year, but option traders don't expect the losses to last. The stock's 10-day call/put volume ratio at the ISE, CBOE, and PHLX still shows call buying has an edge, coming in at 1.19 -- higher than nearly 70% of all other readings from the past 12 months.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Apple Inc., Intel Corporation, and The Coca-Cola Co and Analyst Downgrades: Twitter Inc, Eldorado Gold Corp (USA), and Alcoa Inc.

A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.
Silver Lining for Struggling Ulta Beauty Stock
Historically, ULTA is one of the best stocks to own in the second quarter
3M Ramps Up Face Mask Production on White House Order, Stock Slips
President Trump said he would invoke the Defense Production Act against 3M in a tweet late on Thursday
Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.