 (GHGH) Stock, Quote.Headers.trade-ideas

GuanHua Corp, formerly AuGRID Global Holdings Corp is a holding company.

GUANHUA CORPORATION by GuanHua Corporation

GuanHua Corp

Macro Economic Events

News

Politics

Economics

General

STLA

TSLA

Republican Presidential Nominee Trump Says If Elected, No State Will Be Able To Ban Gas-Powered Cars Or Trucks

WIIM

MMLP

Martin Midstream Partners shares are trading higher after the company announced it will be acquired by Martin Resource Management.

Martin Midstream Partners L.P. (&quot;MMLP&quot;) (NASDAQ:<a href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) today announced that it has entered into a definitive agreement and plan of merger (&quot;Merger Agreement&quot;) pursuant to which Martin Resource Management Corporation (&quot;MRMC&quot;) would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the &quot;Public Common Units&quot;). The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units.
The Merger Agreement provides for an all-cash transaction whereby each holder of the Public Common Units would receive&nbsp;$4.02&nbsp;per common unit owned, representing a&nbsp;34.00%&nbsp;premium to the market closing price prior to MRMC&#39;s initial proposal made on May 24, 2024 and an&nbsp;11.33%&nbsp;premium to the trailing 30-trading day volume-weighted average price.

Martin Midstream Partners L.P. To Be Acquired By Martin Resource Management Corporation; Proposed Deal For All-Cash Transaction Of $4.02 Per Common Unit

Guidance

ABBV

Abbvie SAys Q3 2024 Adj Diluted EPS Guidance Range, Including Impact Of Q3 Acquired IPR&D And Milestones Expense Is $2.88-$2.92

Biotech

AbbVie Reported GAAP & Adjusted Non-GAAP Earnings For Q3 Expected To Include Acquired IPR&D & Milestones Expense Of $82M On Pre-Tax Basis; FY Adj EPS Guidance Range, Including Impact Of Q3 2024 Acquired IPR&D And Milestones Expense, Is $10.67-$10.87; IPR&D & Milestones Expense Representing Unfavorable Impact Of $0.04 To Both GAAP Diluted Eps & Adj Non-GAAP Diluted EPS For Q3

Contracts

Parsons Selected By National Guard Bureau To Manage Operation And Maintenance Of Per-And Polyfluoroalkyl Substances Groundwater Treatment System At Burlington Air National Guard Base; Terms Not Disclosed

Phase 2b CORAL trial in idiopathic pulmonary fibrosis (IPF) chronic cough reaches 50% enrollment milestone; sample size re-estimation results expected in December 2024
Human Abuse Potential (HAP) study dosing complete; topline results expected in December 2024
NEW HAVEN, Conn., Oct. 3, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4270549-1&amp;h=2019748338&amp;u=https%3A%2F%2Fwww.trevitherapeutics.com%2F&amp;a=Trevi+Therapeutics%2C+Inc.">Trevi Therapeutics, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVI#NASDAQ">TRVI</a>), a clinical-stage biopharmaceutical company developing the investigational therapy Haduvio&#x2122; (oral nalbuphine ER) for the treatment of chronic cough in idiopathic pulmonary fibrosis (IPF) and refractory chronic cough (RCC), today provided updates on its clinical development programs.

TRVI

Trevi Therapeutics Provides Update on Haduvio's Clinical Development Program; Human Abuse Potential Study Dosing Complete; Phase 2b CORAL Trial In Idiopathic Pulmonary Fibrosis Chronic Cough Reaches 50% Enrollment Milestone; Sample Size Re-Estimation Results Expected In December 2024

Thomson Reuters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRI#NYSE">TRI</a>), a global content and technology company, today announced it has entered into a definitive agreement to sell its FindLaw business to Internet Brands. Internet Brands is a fully integrated online media and software services company that is a leading operator of digital platforms in high-value vertical categories, including Health and Legal.
Over the last 20 years, FindLaw has established itself as a premier destination for legal assistance and a key marketing platform for law firms. Internet Brands' proprietary operating model has powered best-in-class digital platforms for consumers and commercial partners since 1998 and is well-positioned to invest in and expand the FindLaw business.&nbsp;
This transaction will allow both Thomson Reuters and Internet Brands to concentrate on their strategic priorities, ensuring customers continue to receive top-tier service and support from FindLaw.
The transaction is expected to close in the fourth quarter of 2024, pending regulatory approvals.
Centerview Partners LLC served as financial advisor to Thomson Reuters.

Asset Sales

Thomson Reuters Enters Into Definitive Agreement To Sell FindLaw Business To Internet Brands Pending Regulatory Approvals; Transaction Is Expected To Close In Q4 Of 2024, Pending Regulatory Approvals; No Financial Terms Disclosed

To assist with a smooth transition, his last day with Jack in the Box will be November 20th.
Dawn Hooper, a Jack in the Box veteran of 24 years who has previously served as interim chief financial officer, will assume the role of principal financial officer on November 1st&nbsp;and interim CFO upon Scott&#39;s departure. She is expected to remain in the role until a permanent successor is appointed.

Management

JACK

Jack In The Box CFO Brian Scott Resigns As He Has Accepted New Position Outside Of Restaurant Industry; Dawn Hooper To Assume Role Of Interim CFO

IRIX

Iridex Appoints Patrick Mercer As CEO

Total Consideration of Approximately $92 Million, Resulting In a 3.4x Return on Investment1
&nbsp;
2 MW AI/HPC Proof-of-Concept Project Nearing Completion; Targeting operations for 20 MW CB-1
in Q1 2025 and 50 MW CB-2 in Q2 2025
Maintains Q1 2025 Target ~13 EH/s Operating Capacity While Upgrading Fleet Efficiency to 18.2 J/TH and Optimizing Operating Expenses
Schedules Conference Call for Third Quarter 2024 Financial Results
EASTON, Md., Oct. 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) (&quot;TeraWulf&quot; or the &quot;Company&quot;), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced it has completed the sale of its 25% equity interest in the Nautilus Cryptomine joint venture (&quot;Nautilus&quot;) to its partner, a subsidiary of Talen Energy Corporation (&quot;Talen&quot;), in a transaction valued at approximately $92 million that will help fuel expansion of HPC/AI and bitcoin mining at the Company&#39;s wholly-owned Lake Mariner facility and position TeraWulf for substantial value creation.
This transaction allows TeraWulf to achieve a 3.4x return on its investment in Nautilus1. The $92 million consideration consists of $85 million in cash and approximately 30,000 Talen-contributed miners and related equipment valued at around $7 million. TeraWulf intends to reinvest this capital into the construction of the 20 MW CB-1 facility at Lake Mariner, which is designed for hosting HPC/AI data centers.
In addition to the CB-1 facility, TeraWulf aims to complete the construction of the mining building 5, &quot;MB-5&quot;, and maintains its operational target of over 13 EH/s by Q1 2025. The Company also plans to enhance the efficiency of its mining fleet to achieve 18.2 J/TH.
This transaction underscores TeraWulf&#39;s dedication to operational efficiency, cost management, and long-term shareholder value, while also demonstrating proactive risk management. By monetizing its interest ahead of the expiration of the $0.02/kWh power contract and ground lease in June 2027, TeraWulf strategically positions itself to redeploy resources to its Lake Mariner facility in New York, where it enjoys superior cost efficiency and lower expected future power prices. Furthermore, the sale of TeraWulf&#39;s minority interest in Nautilus will streamline its consolidated financial statements, enhancing transparency and comparability for shareholders.
TeraWulf recently completed a 2 MW AI/HPC proof-of-concept project, designed to support both current and next-generation GPU technology. Additionally, the Company is constructing a 20 MW colocation building, CB-1, at Lake Mariner, engineered to handle a critical IT load of 16 MW with advanced liquid cooling and Tier 3 redundancy features. Re-investing the proceeds from this transaction keeps CB-1 on track to be operational in Q1 2025. The next building, CB-2, has a planned gross capacity of 50 MW and is targeted for completion in Q2 2025.

WULF

TeraWulf Monetizes Equity Interests In Nautilus Joint Venture To Fuel Expansion Of HPC/AI and Bitcoin Mining At Flagship Lake Mariner Facility For A Total Consideration Of ~$92M; Maintains Q1 2025 Target ~13 EH/s Operating Capacity While Upgrading Fleet Efficiency To 18.2 J/TH And Optimizing Operating Expenses

Smart Sand shares are trading higher after the company announced it declared a special cash dividend of $0.10 per share and authorized a $10 million buyback.

In the heat of the U.S. presidential campaign, Donald Trump has once again found himself at the center of a <a href="https://www.benzinga.com/general/social-media/24/08/40319389/donald-trump-returns-to-x-for-sit-down-interview-with-elon-musk-heres-what-you-need-to-know">digital blunder. </a>
This time, the Republican candidate unintentionally interacted with parody accounts of Argentine President Javier Milei on Elon Musk&#8216;s X.com (formerly Twitter).
See Also:<a href="https://www.benzinga.com/general/entertainment/24/10/41149991/lali-esp-sito-the-argentinian-taylor-swift-released-a-diss-track-against-president-javier-m"> Lali Espósito, The &#8216;Argentinian Taylor Swift,&#8217; Released A Diss Track Against President Javier Milei</a>
The incident, fueled by a bot set up by Trump's campaign, led to an awkward interaction with accounts named &#8220;Milei incestuoso&#8221; (Incestuous Milei) and "Milei Mogólico," (which translates to an offensive term Benzinga is choosing not to publish) that mock the Argentine leader.
The gaffe occurred when Trump's campaign deployed a bot designed to automatically thank users who liked his posts. 
The message read: "@Milei_Mogolico. Thanks for liking my post! I will send you important updates about the election for North Carolina. Make sure to vote for Donald J. Trump on November 5."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/milei_mogolico?ref_src=twsrc%5Etfw">@milei_mogolico</a> THANK YOU for liking my post! I'll send you IMPORTANT ELECTION UPDATES for North Carolina. Make sure you are ready to VOTE FOR DONALD J. TRUMP by November 5th. Reply <a href="https://twitter.com/hashtag/stop?src=hash&amp;ref_src=twsrc%5Etfw">#stop</a> to opt-out.
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1841675979539825085?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This error quickly went viral, and drew attention on social media not just to Trump's digital strategy, but also to the politically charged environment surrounding Milei.
<h3 class="wp-block-heading">Parody Meets Politics</h3>
It's important to highlight that Milei, considered a libertarian president, has used an offensive term for people with a disability multiple times. This has prompted backlash from various sectors of Argentine society, including the Argentine Down Syndrome Association, which has condemned his use of such an offensive term.
An identical message was directed to the &#8220;Incestuous Milei&#8221; account, which plays on accusations that Milei was involved in an inappropriate relationship with his sister, Karina Milei, an allegation that surfaced during Argentina's 2023 elections.
Milei has vehemently denied these claims, calling them part of a "campaign of defamation."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/mileincestuoso?ref_src=twsrc%5Etfw">@mileincestuoso</a> I'll send you IMPORTANT ELECTION UPDATES for North Carolina. Make sure you are ready to VOTE FOR DONALD J. TRUMP by November 5th. Reply <a href="https://twitter.com/hashtag/stop?src=hash&amp;ref_src=twsrc%5Etfw">#stop</a> to opt-out.
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1841683455463096755?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">This incident follows Trump&#8217;s recent return to X after a prolonged hiatus, which started when he was banned from the platform at the end of his mandate in 2021. As of now, Trump has not deleted his tweet and Milei has yet to respond.</figcaption></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40329146/trump-praises-pro-bitcoin-argentina-president-javier-mileis-maga-like-economic-policies-in">Trump Praises Pro-Bitcoin Argentina President Javier Milei&#8217;s MAGA-Like Economic Policies In Interview With Elon Musk</a></li>
</ul>
<ul>
<li><a href="https://www.benzinga.com/news/24/03/37868368/trump-loving-argentinian-president-picks-up-cost-cutting-leadership-haul-in-public-companies-as-priv">Trump-Loving Argentinian President Picks Up Cost Cutting, Leadership Haul In Public Companies As Privatization Plans Face Challenges</a></li>
</ul>
Image created using photos from Shutterstock.

Social Media

'Incestuous Milei': Donald Trump's Digital Slip With Javier Milei Parody Accounts Goes Viral On X

Smart Sand, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) ("Smart Sand" or the "Company") announced today that its board of directors has declared a special cash dividend on the Company's common stock of $0.10 per share, payable on October 28, 2024, to stockholders of record as of the close of business on October 15, 2024.
The Company also announced today that its board of directors approved a share repurchase program authorizing the Company to repurchase up to $10.0 million of the Company's outstanding shares of common stock through April 3, 2026. The timing, manner, price, and amount of any repurchases under the share repurchase program will be determined by the Company at its discretion. Purchases may be effected through open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or other means. The Company is not obligated to repurchase any specific number of shares and the program may be modified, suspended, or discontinued at any time.

Dividends

Buybacks

Smart Sand Declares Special Dividend Of $0.10 Per Share And Authorizes $10M Share Repurchase Program

&nbsp;Upon retirement, Price will serve as an advisor to the Company throughout 2025.&nbsp;In connection with Price&#39;s retirement, the Company will commence a search for a successor to the COO role and expects to consider both internal and external candidates.

Solaris Energy Infrastructure Says COO Kelly Price Will Be Retiring From Company, Effective December 31, 2024

Across the recent three months, 4 analysts have shared their insights on Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $41.38, a high estimate of $50.00, and a low estimate of $37.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 2.64%. 
<img src="https://www.benzinga.com/files/images/story/2024/1727985759_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Artisan Partners Asset among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$39.50</td>
<td>$40.00</td>
</tr>
<tr>
<td>Kenneth Lee</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$39.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$37.00</td>
<td>$42.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Artisan Partners Asset. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Artisan Partners Asset compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Artisan Partners Asset's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Artisan Partners Asset's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/APAM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Artisan Partners Asset analyst ratings.</a>
<h2>Get to Know Artisan Partners Asset Better</h2>
Artisan Partners Asset Management Inc is a global investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are primarily offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. In addition to its equity strategies, customers may invest in a fixed-income strategy. Strategies are often distributed to customers ranging from retail investors to institutional investors through specialized channels.
<h3>Artisan Partners Asset: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Artisan Partners Asset's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 11.49%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 19.25%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Artisan Partners Asset's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 15.76% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Artisan Partners Asset's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.45%, the company showcases efficient use of assets and strong financial health.
Debt Management: Artisan Partners Asset's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.9.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

APAM

Analyst Ratings For Artisan Partners Asset

Breakthrough validates first-time entanglement in a commercial setting of two qubits in two separate ion traps
IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), a leader in the quantum computing industry, announced it has achieved the next milestone on the path towards scaling its quantum systems – demonstrating remote ion-ion entanglement. Building off the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fionq.com%2Fposts%2Fenabling-networked-quantum-computing-with-ion-photon-entanglement&amp;esheet=54131477&amp;newsitemid=20241003150527&amp;lan=en-US&amp;anchor=ion-photon+entanglement&amp;index=1&amp;md5=a1f409a1c256a064fdd4fc9b26cee380">ion-photon entanglement</a> achievement announced in February, this demonstration announced in September showcases the second out of four significant milestones required to develop photonic interconnects – a foundational step towards quantum networking and a core component of IonQ's scaling strategy.

IONQ

IonQ Demonstrates Remote Ion-Ion Entanglement, A Significant Milestone In Developing Networked Quantum Systems At Scale

Akoya Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKYA#NASDAQ">AKYA</a>) ("Akoya"), the Spatial Biology Company&#xAE;, today announced Scott Mendel has been appointed as Chairman of its Board, effective October 2, 2024. Mr. Mendel succeeds Robert Shepler, founding Chairman, who will remain on Akoya's board. Mr. Mendel has served as a member of Akoya's board of directors since June 2021 and has over 30 years of financial and operational management experience.

AKYA

Akoya Biosciences Announces Scott Mendel Appointed As Chairman Of The Board Of Directors, Effective October 2, 2024

Abivax Announces First Patient Enrolled in ENHANCE-CD, the Phase 2b Trial of Obefazimod in Crohn's Disease

ABVX

Abivax Enrolls First Patient In ENHANCE-CD, Phase 2b Trial Of Obefazimod In Crohn's Disease

In the preceding three months, 16 analysts have released ratings for KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $138.44, a high estimate of $154.00, and a low estimate of $117.00. Surpassing the previous average price target of $126.15, the current average has increased by 9.74%.
<img src="https://www.benzinga.com/files/images/story/2024/1727985707_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of KKR by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Vikram Gandhi</td>
<td>HSBC</td>
<td>Announces</td>
<td>Buy</td>
<td>$148.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Watts</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Buy</td>
<td>$153.00</td>
<td>-</td>
</tr>
<tr>
<td>Chris Allen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Devin Ryan</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$135.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$146.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$144.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$141.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$117.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$117.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$145.00</td>
<td>$157.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to KKR. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of KKR compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for KKR's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of KKR's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/KKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on KKR analyst ratings.</a>
<h2>Delving into KKR's Background</h2>
KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
<h3>KKR: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: KKR's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 14.54%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: KKR's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 16.26%, the company may face hurdles in effective cost management.
Return on Equity (ROE): KKR's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.1%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): KKR's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.19%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: KKR's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.32, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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