Shares of Allahabad Bank and Canara Bank rose 2-3 percent intraday Thursday on the bank of capital raising plan.
The Allahabad Bank at its annual general meeting held on June 27 2018 approved raising of Rs 1,900 crore equity capital of the bank through QIP, FPO, rights issue or in combination thereof.
Canara Bank at it board meeting approved to raise about Rs 1,000 crore through employee stock purchase scheme.
Out of total capital raising plan of Rs 7,000 crore for the year 2018-19, the board has decided to raise equity share capital upto Rs 60 crore ( upto 6 crore equity shares with face value of Rs10 each), through Canara Bank Employee Share Purchase Scheme amounting to a maximum of Rs 1000 crore (including premium).
The capital is to be raised in one or more tranches subject to mandatory/regulatory approvals from the GoI/SEBI/Other regulatory agencies.
Top 5 High Tech Stocks For 2019: Intersil Corporation(ISIL)
Advisors' Opinion:- [By Logan Wallace]
Media stories about Intersil (NASDAQ:ISIL) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intersil earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.0713234548749 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Top 5 High Tech Stocks For 2019: CrossAmerica Partners LP(CAPL)
Advisors' Opinion:- [By Shane Hupp]
B. Riley set a $25.00 target price on Crossamerica Partners (NYSE:CAPL) in a research note published on Wednesday. The firm currently has a buy rating on the oil and gas company’s stock.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on CrossAmerica Partners (CAPL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
CrossAmerica Partners (NYSE:CAPL) – Research analysts at Jefferies Group reduced their FY2018 earnings estimates for CrossAmerica Partners in a research note issued to investors on Wednesday, May 9th. Jefferies Group analyst C. Mandeville now forecasts that the oil and gas company will earn $0.24 per share for the year, down from their previous forecast of $0.32. Jefferies Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Group also issued estimates for CrossAmerica Partners’ Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.14 EPS and FY2020 earnings at $0.42 EPS.
- [By Joseph Griffin]
CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. CrossAmerica Partners had a return on equity of 4.73% and a net margin of 0.84%. The company had revenue of $552.66 million during the quarter, compared to the consensus estimate of $572.48 million. sell-side analysts anticipate that CrossAmerica Partners will post 0.24 EPS for the current year.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Crossamerica Partners (CAPL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 High Tech Stocks For 2019: Transcontinental Realty Investors, Inc.(TCI)
Advisors' Opinion:- [By Stephan Byrd]
News stories about Transcontinental Realty Investors (NYSE:TCI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Transcontinental Realty Investors earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 48.5554072096128 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Top 5 High Tech Stocks For 2019: The Kraft Heinz Company(KHC)
Advisors' Opinion:- [By Paul Ausick]
Excluding the company’s stake in Kraft Heinz Co. (NYSE: KHC), its top five holdings at the end of last year were as follows:
American Express Co. (NYSE: AXP): a 17.6% stake valued at $15 billion with a cost basis of $1.3 billion Phillips 66 Co. (NYSE: PSX): a 14.9% stake valued at $7.5 billion and a cost basis of $5.8 billion Moody’s Corp. (NYSE: MCO): a 12.9% stake valued at $3.6 billion with a cost basis of $248 million Wells Fargo & Co. (NYSE: WFC): a 9.9% stake valued at $29.3 billion and a cost basis of $11.8 billion Coca-Cola Co. (NYSE: KO): a 9.4% stake valued at $18.4 billion with a cost basis of $1.2 billionThe following are a few of Buffett’s comments from the letter.
- [By Demitrios Kalogeropoulos]
It hasn't been a good year so far for Kraft Heinz (NASDAQ:KHC) shareholders. The stock shed 19% through the first six months of 2018 compared to a 2% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence.
- [By Shane Hupp]
Gamco Investors INC. ET AL decreased its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,395 shares of the company’s stock after selling 7,807 shares during the period. Gamco Investors INC. ET AL’s holdings in Kraft Heinz were worth $24,507,000 as of its most recent SEC filing.
- [By Money Morning Staff Reports]
Finally, J.M. Smucker Co. (NYSE: SJM) has hiked its dividend from $0.78 to $0.85 per share. That's a 9% bump and represents the 17th year in a row that the company has hiked its dividend. The company is also starting to look like a potential takeover target for firms like Kraft-Heinz Co. (NYSE: KHC). SJM is also in our "Buy Zone."
Top 5 High Tech Stocks For 2019: Dawson Geophysical Company(DWSN)
Advisors' Opinion:- [By Max Byerly]
Dawson Geophysical (NASDAQ:DWSN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday.
- [By Logan Wallace]
Dawson Geophysical (NASDAQ:DWSN) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Monday.
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