Dallas, TX -- (SBWIRE) -- 03/22/2013 -- 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:-
Ocwen Financial Corporation (NYSE:OCN) shares fell 2.81% to $35.63. OCN‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Mar. 19. They currently have a $41.00 target price on the stock.
Additionally, the company, on Feb. 28, reported fourth quarter net income of $65.2 million, or $0.47 per share, as compared to net income of $9.7 million, or $0.08 per share, in the same quarter last year. The Company produced record revenue of $236.4 million, up 51% from the fourth quarter of 2011. Income from operations grew in excess of 100% to $137.3 million for the fourth quarter of 2012 as compared to $66.1 million in the same period of 2011.
Is OCN a Strong Buy After The Recent Gain? Let’s Find out Here
Navistar International Corp (NYSE:NAV) shares decreased 2.80% to $35.03. The company on Mar. 21, announced that its International truck dealer network has invested nearly $60 million in the past year to renovate or add more than 250 additional service bays. The company and its dealers continue to take important actions in the quest to provide industry-leading customer service and support.
Is NAV a Strong Buying Opportunity After The Recent Slump? Find out Here
Tripadvisor Inc (NASDAQ:TRIP) shares decreased 2.80% to $51.75. TRIP‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Mar. 6. They currently have a $52.00 price target on the stock, up from their previous price target of $50.00.
Additionally, the company, on Feb. 13, said its net income for the fourth quarter increased to $33.58 million or $0.23 per share from $22.02 million or $0.16 per share in the year-ago period. Adjusted net income was $41.31 million or $0.29 per share. Total revenues for the quarter grew 23 percent to $169.39 million from $137.80 million in the year-ago quarter.
Should Investors Consider TRIP After The Recent price Action? Get Free Trend Analysis Here
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares dropped 2.80% to $4.17. The company’s stock was downgraded to Neutral from Buy at Nomura on Mar. 11.
Additionally, the company, on Feb. 7, announced that for first quarter of 2013, it expects revenue to decline by high single digit to low teens in percentage, GAAP earnings per share to be between $0.065-$0.075 per diluted ADS and Non-GAAP EPS to be in between $0.07-$0.08 per diluted ADS. Analysts were expecting the Company to report revenue of $177 million and EPS of $0.07 for first quarter of 2013.
Should Investors Consider HIMX After The Recent price Action? Get Free Trend Analysis Here
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