Vale (VALE), Corn Products International, Inc. (CPO), Kinder Morgan (KMI), Tasman Metals Ltd (TAS), NYSE Euronext (NYX) and US Bancorp (USB) had ratings and price targets on them adjusted by analysts.
Morgan Stanley upgraded Vale (VALE) from an "Equal Weight" rating to an "Overweight" rating.
DA Davidson initiated coverage on Corn Products International, Inc. (CPO). They have a "Buy" rating on the company.
Morgan Stanley initiated coverage on Kinder Morgan (KMI). They placed an "Equal Weight" rating.
Global Hunter Securities upgraded Tasman Metals Ltd (TAS) from an "Accumulate" rating to a "Buy" rating. They have a price target of $7.00 on the company.
Stifel Nicolaus downgraded NYSE Euronext (NYX) from a "Hold" rating to a "Sell" rating.
ISI Group downgraded US Bancorp (USB) from a "Buy" rating to a "Hold" rating.
Showing posts with label Corn Products International. Show all posts
Showing posts with label Corn Products International. Show all posts
Wednesday, March 28, 2012
Wednesday, June 8, 2011
Ratings on (CVE) (CPO) (XLNX) (CRH) (PLD) Upgraded
Ratings on Cenovus Energy Inc (NYSE: CVE), Corn Products International, Inc. (NYSE: CPO), Xilinx, Inc. (NASDAQ: XLNX), CRH PLC (NYSE: CRH) and ProLogis (NYSE: PLD) were upgraded by analysts.
Macquarie upgraded Cenovus Energy Inc (CVE) from a “neutral” rating to an “outperform” rating.
Deutsche Bank (NYSE:DB) upgraded Corn Products International, Inc. (CPO) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Xilinx, Inc. (XLNX) from a “sell” rating to a “neutral” rating. They have a price target of $33.00 on the company.
Credit Suisse (NYSE:CS) upgraded CRH PLC (CRH) from a “neutral” rating to an “outperform” rating.
Bank of America (NYSE:BAC) upgraded ProLogis (PLD) from a “neutral” rating to a “buy” rating. They have a price target of $39.00 on the company, up from $37.00.
Macquarie upgraded Cenovus Energy Inc (CVE) from a “neutral” rating to an “outperform” rating.
Deutsche Bank (NYSE:DB) upgraded Corn Products International, Inc. (CPO) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Xilinx, Inc. (XLNX) from a “sell” rating to a “neutral” rating. They have a price target of $33.00 on the company.
Credit Suisse (NYSE:CS) upgraded CRH PLC (CRH) from a “neutral” rating to an “outperform” rating.
Bank of America (NYSE:BAC) upgraded ProLogis (PLD) from a “neutral” rating to a “buy” rating. They have a price target of $39.00 on the company, up from $37.00.
Monday, November 1, 2010
Citigroup (NYSE:C) Sees Corn Products (NYSE:CPO) Soaring on Higher Prices
With corn prices expected to find continual support over the next year, Corn Product International (NYSE:CPO) was upgraded by Citigroup Inc. (NYSE:C) from "Hold" to "Buy."
Higher corn prices should mean higher margins, and ultimately, higher earnings for the next several quarters for Corn Products.
Since plunging to $28.94 on July 2, Corn Products International has soared to $42.55 a share as of close on Friday.
Citi has a price target of $51 on Corn Products, increasing it from $44.
Higher corn prices should mean higher margins, and ultimately, higher earnings for the next several quarters for Corn Products.
Since plunging to $28.94 on July 2, Corn Products International has soared to $42.55 a share as of close on Friday.
Citi has a price target of $51 on Corn Products, increasing it from $44.
Thursday, September 16, 2010
Corn Products (NYSE:CPO) Board Declares Quarterly Dividend
The board of directors of Corn Products International (NYSE:CPO) have declared a quarterly dividend of $0.14, with a yield of 1.5 percent.
Stockholders of record at the close of business on September 30, 2010 will have the dividend payable to them on October 25, 2010. Date for the ex-dividend is September 28, 2010.
Corn Products closed up Wednesday at $37.41, gaining $0.68, or 1.85 percent.
Stockholders of record at the close of business on September 30, 2010 will have the dividend payable to them on October 25, 2010. Date for the ex-dividend is September 28, 2010.
Corn Products closed up Wednesday at $37.41, gaining $0.68, or 1.85 percent.
Citigroup (NYSE:C), JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC) Bookrunners on Corn Products (NYSE:CPO) Senior Notes
Citigroup Global Markets Inc. (NYSE:C), J.P. Morgan Securities LLC (NYSE:JPM) and Banc of America Securities LLC (NYSE:BAC) were joint bookrunners on the issuance of $900 million in senior notes by Corn Products International (NYSE:CPO).
Included in the issuance are $350 million in 3.2 percent notes due November 1, 2015; $400 million in 4.625 percent notes due November 1, 2020;, and $150 million in 6.625 percent notes due April 15, 2037.
Most of the offering will be used to raise capital to acquire National Starch. The deal is expected to close on September 17.
Fitch Ratings assigned a "BBB" to the $900 million senior note issuance of Corn Products, as well as to the bank credit facility, long-term Issuer Default Rating and senior unsecured debt ratings of the company.
Fitch maintained a stable outlook on Corn Products.
Included in the issuance are $350 million in 3.2 percent notes due November 1, 2015; $400 million in 4.625 percent notes due November 1, 2020;, and $150 million in 6.625 percent notes due April 15, 2037.
Most of the offering will be used to raise capital to acquire National Starch. The deal is expected to close on September 17.
Fitch Ratings assigned a "BBB" to the $900 million senior note issuance of Corn Products, as well as to the bank credit facility, long-term Issuer Default Rating and senior unsecured debt ratings of the company.
Fitch maintained a stable outlook on Corn Products.
Tuesday, July 27, 2010
Corn Products International (NYSE:CPO) Beats Estimates, Raises Guidance
Corn Products International (NYSE:CPO) is among a large number of companies posting earnings today, and the company has reason to celebrate, as they exceeded expectations while raising earnings guidance for the full year.
Earnings in the second quarter rose to 75 cents a share, far above the 60 cent average analysts were looking for, on net income of $36.8 million. That compares to losses last year of $84.8 million, on sales of $1.07 billion.
Guidance for the full year was raised from a range of $2.25 to $2.60 a share, to $2.55 to 2.75 a share. Expectations were at $2.57 a share for the year.
Earnings for the second half the year are projected to be from $1.17 a share to $1.37 a share.
The company said all regions experienced double-digit growth in the quarter.
Earnings in the second quarter rose to 75 cents a share, far above the 60 cent average analysts were looking for, on net income of $36.8 million. That compares to losses last year of $84.8 million, on sales of $1.07 billion.
Guidance for the full year was raised from a range of $2.25 to $2.60 a share, to $2.55 to 2.75 a share. Expectations were at $2.57 a share for the year.
Earnings for the second half the year are projected to be from $1.17 a share to $1.37 a share.
The company said all regions experienced double-digit growth in the quarter.
Wednesday, May 5, 2010
Corn Products International (NYSE:CPO) Profits Up
Corn Products International (NYSE:CPO) reported earnings were up for the first quarter, increasing to $43.4 million, or 57 cents a share, up from $16.8 million, or 22 cents a share during the same quarter last year.
Revenue in North America grew to $541 million, up from $531 million last year, a 2 percent gain.
All regions the company serves grew sales in the first quarter.
Overall sales grew 12 percent, although the price/product mix dropped 13 percent. Currency exchange rates helped offset the decline, increasing three percent.
Revenue in North America grew to $541 million, up from $531 million last year, a 2 percent gain.
All regions the company serves grew sales in the first quarter.
Overall sales grew 12 percent, although the price/product mix dropped 13 percent. Currency exchange rates helped offset the decline, increasing three percent.
Monday, November 10, 2008
Commodities: Bunge Ltd Drops Bid
Bunge Ltd drops bid for commodity company Corn Products International
Just a few days after the board of Corn Products International (CPO) withdrew its support to be acquired by Bunge Ltd. (BG), the board of Bunge decided to end their pursuit of the deal.
With the shares of both companies dropping significantly, especially Bunge's, the deal no longer was as attractive as when the offer was originally made.
Per the agreement, Corn Products will now have to pay $10 million to Bunge because of the failure of the deal to go forward.
Corn Products was desirable to Bunge because they were looking to become a key player in finished corn products. Bunge is primarily a food processor.
In the case of this deal, the weak credit market didn't play any part, as it was based totally on using stock. It was the precipitous drop of Bunge's stock which caused Corn Products board members to withdraw support.
Bunge Chairman and CEO Alberto Weisser said the deal no longer made sense to Bunge and its shareholders without the support of the Corn Products board, and while the commodity price couldn't support the deal.
Just a few days after the board of Corn Products International (CPO) withdrew its support to be acquired by Bunge Ltd. (BG), the board of Bunge decided to end their pursuit of the deal.
With the shares of both companies dropping significantly, especially Bunge's, the deal no longer was as attractive as when the offer was originally made.
Per the agreement, Corn Products will now have to pay $10 million to Bunge because of the failure of the deal to go forward.
Corn Products was desirable to Bunge because they were looking to become a key player in finished corn products. Bunge is primarily a food processor.
In the case of this deal, the weak credit market didn't play any part, as it was based totally on using stock. It was the precipitous drop of Bunge's stock which caused Corn Products board members to withdraw support.
Bunge Chairman and CEO Alberto Weisser said the deal no longer made sense to Bunge and its shareholders without the support of the Corn Products board, and while the commodity price couldn't support the deal.
Tuesday, November 4, 2008
Commodities: Corn Products International Guidance
Corn Products International Inc. (CPO), a company which refines the commodity corn for use in a number of industrial and food products, revised its yearly guidance upward today, based on a strong third quarter performance.
Original guidance was at $3.15 t $3.25 a share, now its upwardly revised to $3.40 to $3.60 a share. Analysts' expectations were for about $3.29 a share.
Corn Products International is poised to be taken over by industry giant Bunge LTD (BG) late in 2008, in response to the devastated commodities market which has driven down the share prices of the two companies. The target month was originally for November.
Corn Products International has had its share price fall by close to 50 percent, while Bunge has plunged by 69 percent, as they have a high exposure to currency-exchange rate flucuations.
Profits for the quarter increased to $88.1 million, or $1.15 a share, from last year's $51.1 million, or 66 cents a share. That growth of 72 percent.
Revenue for the quarter came in at $1.16 billion, up from $938.7 million during the same period last year; a 23 percent increase.
Similar to Archer Daniels Midland (ADM), less international commodity exposure helped them in relationship to currency exchange rates.
Original guidance was at $3.15 t $3.25 a share, now its upwardly revised to $3.40 to $3.60 a share. Analysts' expectations were for about $3.29 a share.
Corn Products International is poised to be taken over by industry giant Bunge LTD (BG) late in 2008, in response to the devastated commodities market which has driven down the share prices of the two companies. The target month was originally for November.
Corn Products International has had its share price fall by close to 50 percent, while Bunge has plunged by 69 percent, as they have a high exposure to currency-exchange rate flucuations.
Profits for the quarter increased to $88.1 million, or $1.15 a share, from last year's $51.1 million, or 66 cents a share. That growth of 72 percent.
Revenue for the quarter came in at $1.16 billion, up from $938.7 million during the same period last year; a 23 percent increase.
Similar to Archer Daniels Midland (ADM), less international commodity exposure helped them in relationship to currency exchange rates.
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