Latest news with #NikModi
Business Insider
4 days ago
- Business
- Business Insider
Primo Brands (PRMB) Gets a Buy from RBC Capital
In a report released on June 16, Nik Modi from RBC Capital maintained a Buy rating on Primo Brands (PRMB – Research Report), with a price target of $40.00. The company's shares closed yesterday at $30.06. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Modi is a 2-star analyst with an average return of 0.4% and a 50.50% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Primo Brands, Procter & Gamble, and Clorox. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Primo Brands with a $42.57 average price target, representing a 41.62% upside. In a report released on June 13, Bank of America Securities also maintained a Buy rating on the stock with a $42.00 price target. The company has a one-year high of $35.85 and a one-year low of $20.16. Currently, Primo Brands has an average volume of 5.59M. Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRMB in relation to earlier this year. Last month, Tony W Lee, a Director at PRMB sold 50,657,562.00 shares for a total of $1,604,324,988.54.
Yahoo
5 days ago
- Business
- Yahoo
Fort Washington Increases Stake in The Procter & Gamble Company (PG)
The Procter & Gamble Company (NYSE:PG) is among the best bear market stocks to buy according to analysts. Fort Washington Investment Advisors Inc. OH has increased its stake in The Procter & Gamble Company (NYSE:PG) by 1% during the first quarter. As disclosed to the Securities and Exchange Commission (SEC), the institutional investor acquired an additional 4,493 shares, bringing the total to 464,529 shares of PG. The strength of The Procter & Gamble Company (NYSE:PG) was also highlighted in a recent interview of Nik Modi, Managing Director and Global Co-Head of Consumer Research at RBC Capital Markets, with BNN Bloomberg to analyse defensive stocks. As he says, 'PG stock is best in class management.' Copyright: jetcityimage / 123RF Stock Photo In a recent development, the two popular brands of The Procter & Gamble Company (NYSE:PG), Olay and Secret, are launching what these summers call for the most: the Summer Fizz Scent collection. This limited-edition range covers serum-infused body washes from Olay and clinical-strength antiperspirants from Secret. Together, they refresh and nourish, and are known to be the 'daily dose of paradise.' We are already aware that strict measures call for increasing pressure to cut costs. Amid the economic uncertainty during Trump's tenure, Procter & Gamble Company (NYSE:PG) has announced plans to lay off as many as 7,000 workers over the next two years in response to its broad cost-reduction strategy. The Procter & Gamble Company (NYSE:PG) is an Ohio-based consumer goods company with five main segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. Founded in 1837, the company has a significant market presence in around 180 countries. While we acknowledge the potential of PG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Business Insider
11-06-2025
- Business
- Business Insider
Coca-Cola Stock (KO) Could Benefit by Leaving Bottling Behind
Coca-Cola (KO) has slowly been moving away from bottling its own beverages, leaving that work to other companies that it sells syrup to. The company has been shifting toward this model for years now and has continued to do so with recent plant closures and layoffs. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The latest Coca-Cola layoffs include 135 jobs that were cut in Napa County, Calif. The soda maker has closed this 30-year-old plant as part of its strategic change away from bottling its own products. When Coca-Cola's plan is complete, 80% of its bottling will be outsourced to other companies. It makes sense that Coca-Cola would seek to reduce its bottling and outsource the process. Doing so makes the company more asset-light and allows it to focus on its syrup margins of 68%. For comparison, the margins for bottling are only 12%. Offloading those less profitable operations could help boost KO stock. KO Stock Analyst Coverage Analysts largely agree with this mentality, with continued praise for KO stock. That includes updates from two analysts earlier this week: Five-star Morgan Stanley analyst Dara Mohsenian reiterated a Buy rating and an $81 price target, suggesting a 12.17% upside. RBC Capital analyst Nik Modi maintained a Buy rating and a $76 price target, implying a 5.25% upside. KO stock was up 0.64% as of Tuesday morning. That builds on its 16.88% increase year-to-date and its 12.93% rally over the past 12 months. Is KO Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Coca-Cola is Strong Buy, based on 15 Buy ratings and a single Hold rating over the past three months. With that comes an average KO stock price target of $79.50, representing a potential 10.08% upside for the shares.
Globe and Mail
11-06-2025
- Business
- Globe and Mail
RBC Capital Reaffirms Their Buy Rating on Constellation Brands (STZ)
In a report released on June 6, Nik Modi from RBC Capital maintained a Buy rating on Constellation Brands (STZ – Research Report), with a price target of $233.00. The company's shares closed yesterday at $171.13. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Modi is a 3-star analyst with an average return of 1.7% and a 53.19% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Procter & Gamble, Clorox, and Coca-Cola. Currently, the analyst consensus on Constellation Brands is a Moderate Buy with an average price target of $207.29. See Insiders' Hot Stocks on TipRanks >> The company has a one-year high of $265.70 and a one-year low of $160.46. Currently, Constellation Brands has an average volume of 2.09M. Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STZ in relation to earlier this year. Last month, Samuel J Glaetzer, the EVP & Pres. Wine and Spirits of STZ sold 3,150.00 shares for a total of $593,901.00.
Business Insider
10-06-2025
- Business
- Business Insider
RBC Capital Keeps Their Buy Rating on Spectrum Brands Holdings (SPB)
RBC Capital analyst Nik Modi maintained a Buy rating on Spectrum Brands Holdings (SPB – Research Report) on June 6 and set a price target of $80.00. The company's shares closed yesterday at $56.12. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Modi is a 3-star analyst with an average return of 1.7% and a 53.19% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Procter & Gamble, Clorox, and Coca-Cola. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spectrum Brands Holdings with a $89.50 average price target. Based on Spectrum Brands Holdings' latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $675.7 million and a net profit of $900 thousand. In comparison, last year the company earned a revenue of $718.5 million and had a net profit of $61.1 million
