General Electric Company (NYSE:GE) has submitted a binding offer worth $16.9bn for Alstom’s energy arm, which is based on an enterprise value of $13.5bn for the company and its $3.4bn cash pile. Its bid is for the Thermal Power, Renewable Power and Grid sectors of Alstom, as well as its corporate and shared services arms. Between them, the divisions employ around 65,000 people and had sales of $20.5bn in its last financial year. General Electric Company (NYSE:GE) shares after opening at $26.80 moved to $26.90 on last trade day and at the end of the day closed at $26.89. Company price to sales ratio in past twelve months was calculated as 1.86 and price to cash ratio as 2.03. General Electric Company (NYSE:GE) showed a positive weekly performance of 1.78%.
Bank of America (NYSE:BAC) is continuing to reduce its branch footprint in Kansas, but this time around it’s selling, rather than closing, nearly half a dozen branches scattered throughout the state. Bank of America Corp (NYSE:BAC) shares fell -0.66% in last trading session and ended the day on $15.14. BAC return on equity ratio is recorded as 3.90% and its return on assets is 0.40%. Bank of America Corp (NYSE:BAC) yearly performance is 23.29%.
An Alpha Natural Resources Inc. (NYSE:ANR) coal slurry impoundment in Raleigh County has violated the state’s water quality standard for selenium, a federal judge ruled in a lawsuit filed against the coal company by environmental groups. U.S. District Judge Robert C. Chambers also found that discharges from Alpha subsidiary Marfork Coal’s Brushy Fork impoundment violated the company’s state pollution permit. Alpha Natural Resources, Inc. (NYSE:ANR) shares moved down -1.38% in last trading session and was closed at $4.30, while trading in range of $4.25 – $4.44. Alpha Natural Resources, Inc. (NYSE:ANR) year to date (YTD) performance is -39.78%.
Rite Aid Corporation (NYSE:RAD) is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2014 annual revenues of $25.5 billion.
Rite Aid Corporation (NYSE:RAD) weekly performance is 2.38%. On last trading day company shares ended up $7.30. Rite Aid Corporation (NYSE:RAD) distance from 50-day simple moving average (SMA50) is 9.10%. Analysts mean target price for the company is $7.95.
Janney Montgomery Scott upgraded Under Armour, Inc. (NYSE:UA) from Neutral to Buy with a price target of $55.00. Analyst Eric Tracy comments, “On broader market pullback and company-specific multiple compression, we upgrade our rating on UA to Buy. Under Armour Inc. (NYSE:UA) shares after opening at $47.17 moved to $49.89 on last trade day and at the end of the day closed at $48.89. Company price to sales ratio in past twelve months was calculated as 4.16 and price to cash ratio as 57.87. Under Armour Inc. (NYSE:UA) showed a negative weekly performance of -10.19%.
Leave a Reply