Dallas, TX -- (SBWIRE) -- 03/18/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Foster Wheeler AG (NASDAQ:FWLT) stock climbed 1.49% to $22.49. Canaccord Genuity reiterated its Buy rating on FWLT on Mar. 4, but lowered its price target from $34.50 to $30.00.
Additionally, the company, on Mar. 1, reported fourth quarter net income of $6.30 million or $0.06 per share, sharply lower than $39.25 million or $0.34 per share in the prior-year quarter. Adjusted net income for the quarter was $28.94 million or $0.27 per share, compared to $44.78 million or $0.39 per share in the year-ago quarter. Analysts expected the company to report earnings of $0.46 per share for the quarter. Operating revenues for the quarter declined to $735.28 million from $1.13 billion in the same quarter last year, and missed analysts' consensus estimate of $976.55 million.
How Should Investors Trade FWLT After The Recent Price movement? Find out Here
Hecla Mining Company (NYSE:HL) shares jumped 1.44% to $4.23. Global Hunter Securities upgraded shares of HL from a neutral rating to a buy rating in a research note issued to investors on Mar. 12. The firm currently has $6.25 target price on the stock, up from their previous target price of $5.25.
Additionally, the company will begin trading ex-dividend on March 14, 2013. A cash dividend payment of $0.0125 per share is scheduled to be paid on March 25, 2013. Shareholders who purchased HL stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -44.44% decrease from the prior quarter.
Is HL a Strong Buying Opportunity After The Recent Slump? Find out Here
AK Steel Holding Corporation(NYSE:AKS) shares jumped 1.40% to $3.61. The company, on Mar. 12, said that it plans to release its first quarter 2013 financial results before the opening of trading on the New York Stock Exchange on Tuesday, April 23, 2013.
Additionally, the company, on Mar. 14, said that Stephanie S. Bisselberg has been named Vice President, Human Resources, effective April 1, 2013. She succeeds Lawrence F. Zizzo, who is retiring on March 31, 2013 following a 35 year career in the steel industry, including serving the last nine years as AK Steel's Vice President, Human Resources.
Is AKS a Buy After The Latest Price Action? Find Out Here
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