Ping An Healthcare Stock (OTC:PANHF), Trade Ideas

Ping An Healthcare and Technology is the parent of Ping An Good Doctor, or PAGD, an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD offers online consultations and prescription e-commerce online to individuals. The platform has 978 corporate clients and 43 million paying users. PAGD is 38.43% owned by its parent company.

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Key takeaways:


	111’s revenue grew 87% in second quarter, generally outpacing its peers, as it aims to more than double its fulfillment capacity this year
	Company’s shares now trade around $6.50, well off a $23 high reached in February, as investors worry about regulatory wave for broader tech sector


By Mia Shanley

Solid Earnings, Modest Buyback Fail to Boost Drug Seller 111 Inc.

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Stocks That Hit 52-Week Highs On Friday

PING AN HLTHCRE &TECH CO by Ping An Healthcare & Technology Co Ltd.

Ping An Healthcare And Technology Co Ltd

BMO Capital analyst Rufus Hone maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Outperform and raises the price target from $163 to $168.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Fiserv, Raises Price Target to $168

Legal

GOOG

GOOGL

German Email Service Tuta Mail Files Google Complaint Under EU Tech Rules

On April 23, 2024 (the "Signing Date"), Masonite International Corporation, a British Columbia corporation ("Masonite" or the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") providing for the disposition (the "Disposition") of the Company's Architectural reporting segment (the "Architectural Business") for a total transaction value of approximately $75 million subject to customary post-closing adjustments. The Disposition is expected to be completed in the second quarter of 2024.

Asset Sales

Masonite Sells Architectural Reporting Segment For $75M

Hasbro Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) shares are trading higher after the company reported a first-quarter FY24 sales decline of 24.4% year-on-year to $757.30 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38398974/hasbro-reports-first-quarter-2024-financial-results" rel="noreferrer noopener">beating the consensus estimate of $738.61 million</a>.
The revenue decline was driven primarily by the eOne film and television divestiture; excluding the divestiture, revenue declined by 9%.
Segment Revenue:&nbsp;Consumer Products declined 21%, Wizards of the Coast and Digital Gaming increased 7%. Entertainment segment revenues plunged 85%, impacted by the sale of eOne Film and TV in December 2023.
Selling, distribution, and administration costs fell 25.9%. The operating margin expanded Y/Y from 1.8% to 15.3%, and operating income for the quarter was $116.2 million compared to $17.9 million last year.
The company held $570.2 million in cash and equivalents as of March-end. The operating cash flow totaled $177.8 million.
Adjusted EBITDA for the quarter rose 75% to $172.8 million. Adjusted EPS of $0.61 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the analyst consensus of $0.27.</a>
&#8220;Performance from our licensing portfolio shows the strength of our brands and we continue to fuel innovation in games and toys as we expand our reach across play patterns to fans of all ages,&#8221; said CEO Chris Cocks.
The company&#8217;s next dividend will be payable on May&nbsp;15,&nbsp;to shareholders of record at the close of business on May 1, 2024.
Outlook,&nbsp;maintained: Hasbro&nbsp;continues to expect&nbsp;FY24 Consumer Products Segment revenue to be down 7% to 12%.
The company sees FY24 adjusted EBITDA of $925 million &#8211; $1 billion. Hasbro targets gross savings of $750 million by 2025 end.
Price Action: HAS shares are trading higher by 7.98% at $62.78 in premarket at the last check Wednesday.
Photo via Wikimedia Commons

Earnings

Equities

Guidance

General

Why Toy Maker Hasbro's Shares Are Shooting Higher Today

General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported better-than-expected earnings for its fiscal first quarter on Tuesday.
The company posted quarterly sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion. Adjusted EPS of $2.62 beat the consensus estimate of $2.14, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
GM&#8217;s market share reached 8.1% for the quarter, compared to 8.7% a year ago. In the U.S., the share changed to 15.4%, down from 16.4%. Its share in China reached 7.9%, down from 9.1% a year earlier.
Adjusted EBIT for the quarter improved by 1.8% to $3.87 billion, with an adjusted EBIT margin of 9.0%, down by 50 bps. Net income margin was 6.9% versus 6.0% a year ago.
General Motors projects adjusted EPS of $9.00 – $10.00 (prior $8.50 – $9.50) versus consensus of $9.08. The company projects adjusted automotive free cash flow of $8.5 billion—$10.5 billion (prior $8.0 billion—$10.0 billion) and reiterated capital spending of $10.5 billion—$11.5 billion.
General Motors shares gained 4.4% to close at $45.10 on Tuesday.
These analysts made changes to their price targets on General Motors following earnings announcement.
<ul>
<li>Mizuho raised the price target on General Motors from $48 to $52. Mizuho analyst Vijay Rakesh maintained a Buy rating.</li>
<li>Wedbush boosted the price target on General Motors from $45 to $55. Wedbush analyst Daniel Ives maintained an Outperform rating.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>

General Motors Analysts Raise Their Forecasts After Better-Than-Expected Earnings

WIIM

MANH

Manhattan Associates shares are trading lower. The company reported Q1 financial results.

DA Davidson analyst Linda Bolton Weiser maintains Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) with a Buy and raises the price target from $26 to $27.

DA Davidson Maintains Buy on Mattel, Raises Price Target to $27

Teledyne Technologies shares are trading lower after the company reported worse-than-expected Q1 financial results, issued Q2 adjusted EPS guidance below estimates and cut FY24 adjusted EPS guidance below estimates.

Wedbush analyst Seth Basham maintains Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) with a Neutral and lowers the price target from $80 to $70.

ETSY

Wedbush Maintains Neutral on Etsy, Lowers Price Target to $70

Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.21) by 38.1 percent. The company reported quarterly sales of $9.868 million which beat the analyst consensus estimate of $9.168 million by 7.63 percent. This is a 20.58 percent decrease over sales of $12.425 million the same period last year.

Earnings Beats

BLFY

Blue Foundry Q1 2024 GAAP EPS $(0.13) Beats $(0.21) Estimate, Sales $9.868M Beat $9.168M Estimate

Wedbush analyst Daniel Ives maintains Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Outperform and lowers the price target from $300 to $275.

TSLA

Wedbush Maintains Outperform on Tesla, Lowers Price Target to $275

AUBN

Auburn National Bancorporation Q1 2024 EPS $0.39 Down From $0.56 YoY; Revenue $7.544M Down From $7.901M YoY

Amphenol shares are trading higher after the company reported better-than-expected Q1 financial results, issued guidance and announced a new stock repurchase program.

Northann Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCL#NYSE">NCL</a>), a leading innovator in 3D-printed home improvement solutions, is pleased to announce the signing of a strategic relationship with Golden Gate&nbsp; BCE B.V., a subsidiary of &nbsp;Rexil Group of Companies Netherlands, a prominent distributor in the Netherlands. This collaboration aims to enhance the presence of sustainable technology and products throughout Rexil Group of Companies Netherlands and its subsidiaries distribution channels. &nbsp;
Under this agreement, Rexil Group of Companies Netherlands will promote Northann Corp's environmentally friendly products, Blue11 and SuperOak, to its extensive network of customers in the Netherlands. This partnership aligns with Northann Corp's commitment to sustainability and innovation, furthering its mission to transform spaces through cutting-edge solutions.
"We are thrilled to partner with Rexil Group of Companies Netherlands to bring our sustainable technology and products to a wider audience in the Netherlands," said Lin Li, CEO and President of Northann Corp. "This collaboration underscores our dedication to environmental stewardship and showcases our commitment to providing innovative solutions to our customers."
Northann Corp's partnership with Rexil Group of Companies Netherlands represents a significant step forward for the Company in its efforts to expand its global presence and promote sustainable practices within the industry. Both companies share a common vision for driving positive change through innovation and sustainability, making this a synergistic collaboration for both parties.

Global

Nuveen Insured California Premium Fund Ii

Northann Corp Enters Strategic Relationship With Rexil Group Of Companies Netherlands To Promote Sustainable Technology And Products

In the latest development, families of victims from the 2018 and 2019 Boeing 737 MAX crashes are calling on the U.S. Justice Department to prosecute Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) over ongoing safety concerns.
What Happened: The families are set to meet with Justice Department officials, arguing that Boeing breached a 2021 deal with prosecutors, Reuters reported on Wednesday. This deal, known as a deferred prosecution agreement (DPA), mandated Boeing to revamp its compliance program in the aftermath of the crashes, which claimed 346 lives.
Justice Department officials have a six-month window post the DPA&#8217;s expiration to decide whether to prosecute Boeing on charges of defrauding the Federal Aviation Administration or to explore other alternatives.
The victims&#8217; families are pushing for an independent monitor to ensure Boeing&#8217;s adherence to the agreement, a stipulation not included in Boeing&#8217;s original deal.
Boeing had agreed in January 2021 to pay $2.5 billion to settle a criminal investigation into the company&#8217;s conduct surrounding the crashes. The agreement included compensating the victims&#8217; families and overhauling its compliance practices.
&#8220;What we&#8217;re saying to DOJ is, throw out the DPA,&#8221; stated a relative of one of the victims.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38350014/elon-musk-reacts-to-teslas-pricing-debate-only-a-fool-thinks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tesla&#8217;s Pricing Debate: &#8216;Only A Fool Thinks ….&#8217;</a>
On Jan. 5, a panel detached from a new Boeing 737 MAX 9 jet during an Alaska Airlines flight, just two days prior to the expiration of the DPA. This incident is now under investigation as part of a wider probe into whether Boeing violated the DPA.
Why It Matters: Recent events have put Boeing under intense scrutiny. In March, U.S. Transportation Secretary Pete Buttigieg stated that the Federal Aviation Administration would <a href="https://www.benzinga.com/news/24/03/37580235/boeing-faces-enormous-scrutiny-after-recent-mishaps-report">rigorously assess Boeing </a>following a fuselage blowout on an Alaska Air flight. 
Furthermore, Boeing&#8217;s public image has been <a href="https://www.benzinga.com/markets/equities/24/04/38268829/boeing-severes-ties-with-lobbying-firm-involved-in-737-max-crisis-management-report">tarnished by scandals</a>, including severing ties with a lobbying firm involved in the 737 Max crisis management and facing<a href="https://www.benzinga.com/markets/equities/24/04/38369584/boeing-foresees-slower-787-production-ramp-up-due-to-supplier-shortages-report"> supplier shortages affecting its 787 production</a>.
Price Action: On Tuesday, Boeing stock closed 0.76% lower at $169.18 as per <a href="https://pro.benzinga.com">Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38348232/tesla-aggressively-cuts-prices-ahead-of-q1-report-ev-maker-lowers-model-3-y-prices-in-china-by-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Aggressively Cuts Prices Ahead Of Q1 Report: EV Maker Lowers Model 3, Y Prices In China By Up To 6%, Cuts US FSD Price By $4K</a>
Image via Shutterstock
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Boeing Faces Potential Criminal Prosecution As Crash Victims' Families Demand Justice: 'Throw Out The DPA'

Masonite Enters Agreement For Sale Of Architectural Business Segment; Transaction Expected To Close In Q2

Wedbush analyst Moshe Katri maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $280 to $300.

Wedbush Maintains Outperform on Visa, Raises Price Target to $300

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>)</h3>
<ul>
<li>On April 9, Goldman Sachs analyst Mark Delaney downgraded ChargePoint Hldgs from Neutral to Sell and lowered the price target from $2 to $1.5. The company's stock fell around 11% over the past five days and has a <a href="https://www.benzinga.com/quote/CHPT">52-week low of $1.21</a>.</li>
<li>RSI Value: 29.03</li>
<li>CHPT Price Action: Shares of ChargePoint fell 1.5% to close at $1.34 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On April 18, Deutsche Bank analyst Chris Woronka maintained Hertz Global with a Hold and lowered the price target from $10 to $6. The company's stock fell around 17% over the past five days. It <a href="https://www.benzinga.com/quote/HTZ">has a 52-week low</a> of $5.45.</li>
<li>RSI Value: 25.48</li>
<li>HTZ Price Action: Shares of Hertz Global fell 7.5% to close at $5.46 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">SP Plus Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SP#NASDAQ">SP</a>)</h3>
<ul>
<li>On Feb. 27, SP Plus posted downbeat quarterly earnings. Marc Baumann, Chairman and Chief Executive Officer, said, &#8220;Fourth quarter results capped a record year for SP+ in 2023. Full-year reported gross profit increased 15%, adjusted gross profit increased 13% and adjusted EBITDA increased 10%, reflecting excellent execution of our growth strategy by our SP+ team members who strengthened our industry leadership position by bringing both innovative technology solutions and superior operations to existing and new clients.&#8221; The company's stock fell around 1% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/SP">low of $32.78.</a></li>
<li>RSI Value: 27.93</li>
<li>SP Price Action: Shares of SP Plus rose 1.1% to close at $50.78 on Tuesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38396305/tesla-boeing-and-3-stocks-to-watch-heading-into-wednesday">Tesla, Boeing And 3 Stocks To Watch Heading Into Wednesday</a>

Long Ideas

Pre-Market Outlook

CHPT

Top 3 Industrials Stocks That Are Set To Fly In April

Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.21) by 38.1 percent. This is a 160 percent decrease over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $9.87 million which beat the analyst consensus estimate of $9.17 million by 7.61 percent. This is a 20.58 percent decrease over sales of $12.43 million the same period last year.

Blue Foundry Q1 EPS $(0.13) Beats $(0.21) Estimate, Sales $9.87M Beat $9.17M Estimate

Susquehanna analyst Bascome Majors maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and raises the price target from $150 to $160.

Susquehanna Maintains Neutral on United Parcel Service, Raises Price Target to $160

Ping An Health Pins Recovery Hopes On New Leadership

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Ping An Healthcare and Technology Company (PANHF –...

Analysts Offer Insights on Healthcare Companies: Ping An Healthcare and Technology Company (OtherPANHF), Healthequity (HQY) and Johnson & Johnson (JNJ)

Jefferies analyst Chris Lui maintained a Buy rating on Ping An Healthcare and Technology Company (PANHF – Research Report) yesterday and set a pric...

Jefferies Remains a Buy on Ping An Healthcare and Technology Company (PANHF)

Jefferies Reaffirms Their Buy Rating on Ping An Healthcare and Technology Company (PANHF)

Ping An Healthcare: Watch User And Profitability Metrics

Ping An Healthcare and Technology Company (PANHF – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst on April...

Strategic Shift and Margin Enhancement Bolster Buy Rating for Financial Services Firm

PIAHY

Ping An Healthcare