Santander Consumer USA Holdings Inc (NYSE:SC), was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, AnalystRatingsNetwork.comreports. The firm currently has a $28.00 target price on the stock. Bank of America’s target price points to a potential upside of 24.44% from the company’s current price. Santander Consumer USA Holdings Inc (NYSE:SC), net profit margin is 17.10% and weekly performance is -8.60%. On last trading day company shares ended up $19.76. Analysts mean target price for the company is $28.33. Santander Consumer USA Holdings Inc (NYSE:SC), distance from 50-day simple moving average (SMA50) is -12.25%.
Astrotech Corp (NASDAQ:ASTC), announced a major step in its strategic evolution with the signing of a definitive agreement to sell the assets constituting its Astrotech Space Operations business (ASO) to Lockheed Martin Corporation, including the assets of its wholly owned subsidiary, Astrotech Space Operations, for $61 million. Astrotech Corp (NASDAQ:ASTC), advanced 41.07% in last trading session and ended the day on $3.16. ASTC, Gross Margin is 47.70% and its return on assets is 1.50%. Astrotech Corp (NASDAQ:ASTC), quarterly performance is 19.70%.
Rexnord Corp (NYSE:RXN)’s stock fell 3.09% to $25.37. The company on May 28 announced public offering of its common stock held by certain funds affiliated with Apollo Global Management, LLC (collectively with its subsidiaries, “Apollo”) (APO). Pursuant to the terms of the offering, the Apollo funds, which are the sole selling stockholders, will sell 15,000,000 shares of Rexnord common stock at a price to the public of $25.50 per share. Rexnord Corp (NYSE:RXN), shares moved up 2.98% in last trading session and was closed at $25.40, while trading in range of $25.08 – 25.60. Rexnord Corp (NYSE:RXN),year to date (YTD) performance is -5.96%
On May 28, 2014, Michael Kors Holdings Ltd (NYSE:KORS), announced its financial results for the fourth quarter and fiscal year ended March 29, 2014. Net income was $161.0 million, or $0.78 per diluted share, based on 207.0 million weighted average diluted shares outstanding. Net income for the fourth quarter of fiscal 2013 was $101.1 million, or $0.50 per diluted share, based on 203.8 million weighted average diluted shares outstanding.Michael Kors Holdings Ltd (NYSE:KORS), ended the last trading day at $92.28. Company weekly volatility is calculated as 4.27% and price to cash ratio as 22.72. Michael Kors Holdings Ltd (NYSE:KORS), showed a negative weekly performance of 1.10%.
On May 28, 2014, Swisscom AG (ADR) (OTCMKTS:SCMWY), and Tamedia have agreed to set up a directories joint venture. Following Swisscom’s takeover bid for PubliGroupe, it and Tamedia bring the companies local.ch and search.ch into venture of which Swisscom will own 69 percent while Tamedia AG will hold the remaining 31 percent. They want to work together to develop their directory business into a strong Swiss alternative to Google. Swisscom AG (ADR) (OTCMKTS:SCMWY), on last trading day company shares ended up $59.51.