Both J.P. Morgan and Barclays reduced their target prices on Bed Bath & Beyond Inc. (NASDAQ:BBBY) which reported its fourth-quarter earnings on Wednesday. J.P. Morgan reduced its target price to $75, decreased its estimates and set a “neutral” rating given margin pressure. Barclays reduced its target price to $80 due to lower-than-expected fourth-quarter numbers and ongoing deterioration of gross margins. Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares after opening at $63.56 on last trade day and at the end of the day closed at $63.72. Company price to sales ratio in past twelve months was calculated as 1.16 and price to cash ratio as 19.54. Bed Bath & Beyond Inc. (NASDAQ:BBBY) showed a negative weekly performance of -8.71%.
Moody’s Japan K.K. has assigned a Baa2 (hyb) rating to the subordinated bonds with contractual point of non-viability (PONV) loss absorption features issued by Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) The rating outlook is stable. This is the first time Moody’s has assigned a rating to a Basel III-compliant subordinated debt instrument issued by a Japanese bank. The specific bond issuance is: – USD1.75 billion subordinated bonds, due on April 2, 2024. Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) shares fell -2.79% in last trading session and ended the day on $8.01. SMFG return on equity ratio is recorded as 13.90% and its return on assets is 0.60%. Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) yearly performance is -15.95%.
On Mar 31, 2014 Tenaris S.A. (ADR) (NYSE:TS) announces that it has filed its annual report for the year ended December 31, 2013, with the Luxembourg Stock Exchange and has submitted such report to the other securities regulators of the markets where its securities are listed. Tenaris also published the convening notice to the Annual General Meeting of Shareholders that will be held on May 7, 2014, at 9:30 a.m. (Luxembourg time) at Tenaris’s registered office located at 29, avenue de la Porte-Neuve, 3rd Floor, L-2227 Luxembourg. Tenaris S.A. (ADR) (NYSE:TS) shares moved down -1.38% in last trading session and was closed at $44.21, while trading in range of $44.14 – $44.73. Tenaris S.A. (ADR) (NYSE:TS) year to date (YTD) performance is 1.19%.
On Mar 28 2014, Aviva Plc (ADR) (NYSE:AV):To sell US equity manager River Road Asset Management, LLC to Affiliated Managers Group Inc. Aviva Plc (ADR) (NYSE:AV) weekly performance is 2.89%. On last trading day company shares ended up $16.75. Aviva Plc (ADR) (NYSE:AV) distance from 50-day simple moving average (SMA50) is 6.97%.