Printer Friendly
The Free Library
14,559,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Zacks Analyst Blog Highlights: Toyota Motor Corp., Jacobs Engineering Group, Saxon Capital and Morgan Stanley.


CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day, the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Toyota Motor Corp. (NYSE NYSE

See: New York Stock Exchange
: TM), Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple  (NYSE: JEC), Saxon Capital (NYSE: SAX) and Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  (NYSE: MS).

See the latest posts to the Analyst Blog by visiting: http://at.zacks.com/?id=2673

Here are highlights from Wednesday's Analyst Blog:

Toyota Keeps Racing Forward

Toyota Motor Corp. (NYSE: TM) continues to expand its production capacity in a manner that increases efficiency and meets local demand while placing it on the way to becoming the world's financially strongest automaker. It has a strong presence in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  and has been successful in grabbing market share from the Big Three automakers.

Moreover, the company also has a strong cash flow position and balance sheet. All the above factors lead us to take a positive view on the stock, and thus we reiterate re·it·er·ate  
tr.v. re·it·er·at·ed, re·it·er·at·ing, re·it·er·ates
To say or do again or repeatedly. See Synonyms at repeat.



re·it
 our Buy rating with a six-month target price of $116.25.

Raising Estimates at JEC

Jacobs Engineering Group (NYSE: JEC) reported third quarter EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format.  of $0.84, well above our expectations of $0.76, on account of strong growth in the oil and gas segment and continued contract wins in the federal and other businesses. The Babtie acquisition is on pace to deliver about $0.05 earnings accretion for the full year.

On account of strong cash flow generation, growing backlog position, and strong third quarter bookings (over $2.2 billion), we are raising our FY06 EPS estimate to $3.23 from $3.05. We recommend investors to continue adding shares of JEC to their portfolio.

Morgan Stanley to Buy Saxon

Saxon Capital (NYSE: SAX) announced today that they have signed an agreement to be acquired by Morgan Stanley (NYSE: MS) for $14.10 per share in cash. Saxon Capital is a residential mortgage lender that purchases and securitizes residential mortgages.

We see this as beneficial to shareholders, as the buyout price represents a 28% premium to yesterday's closing price. Increased competition and shrinking margins are causing consolidation in the mortgage industry. More and smaller companies are partnering with large players that provide scale and access to cheaper capital.

See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2645

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis Qualitative Analysis

Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations.
 to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
 this free newsletter today by visiting http://at.zacks.com/?id=2674.

About Zacks

Zacks.com is a property of Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform Outperform

An analyst recommendation meaning a stock is expected to do slightly better than the market return.

Notes:
Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy.
 the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:9JAPA
Date:Aug 10, 2006
Words:621
Previous Article:Dacogen(TM) (Decitabine) for Injection Receives U.S. Orphan Drug Designation for Patients with AML.
Next Article:Zacks Analyst Interview Highlights: D. R. Horton.
Topics:



Related Articles
Zacks Analyst Blog Highlights: Alcoa, Rohm & Hass, CONMED Corp., Stryker and Saxon Capital.
Zacks Analyst Blog Highlights: Mittal Steel, Con-way Inc., General Motors Corporation and Halliburton.
Zacks Analyst Blog Highlights: General Motors, Ford, DaimlerChrysler and Toyota.
Zacks Analyst Blog Highlights: General Motors, Nissan, Tower Semiconductor and Stryker Corp.
Zacks Analyst Blog Highlights: Caliper, Xenogen, Digitas, General Motors and Best Buy.
Zacks Analyst Blog Highlights: General Motors, Ness Technologies and Endesa S.A.
Morgan Stanley in $706m deal to buy mortgage firm.(FINANCE)
Zacks Analyst Blog Highlights: Digitas, American Express, General Motors and Double Eagle.
Zacks Analyst Blog Highlights: Digitas, American Express, General Motors, VeriSign and Ingersoll Rand.
Zacks Analyst Blog Highlights: Palm, Inc., Research in Motion, Motorola and Morgan Stanley.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles