El Paso Electric Company (EE) Reaches $58.95 52-Week High; Shorts at Fox Factory Holding (FOXF) Raised By 5.23%

November 14, 2017 - By Dolores Ford

The stock of El Paso Electric Company (NYSE:EE) hit a new 52-week high and has $60.72 target or 3.00% above today’s $58.95 share price. The 8 months bullish chart indicates low risk for the $2.39 billion

company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $60.72 price target is reached, the company will be worth $71.70M more. About 82,221 shares traded. El Paso Electric Company (NYSE:EE) has risen 21.05% since November 14, 2016 and is uptrending. It has outperformed by 4.35% the S&P500.

Fox Factory Holding Corporation (NASDAQ:FOXF) had an increase of 5.23% in short interest. FOXF’s SI was 1.92M shares in November as released by FINRA. Its up 5.23% from 1.82M shares previously. With 261,300 avg volume, 7 days are for Fox Factory Holding Corporation (NASDAQ:FOXF)’s short sellers to cover FOXF’s short positions. The SI to Fox Factory Holding Corporation’s float is 5.38%. About 72,015 shares traded. Fox Factory Holding Corp (NASDAQ:FOXF) has risen 109.03% since November 14, 2016 and is uptrending. It has outperformed by 92.33% the S&P500.

Analysts await El Paso Electric Company (NYSE:EE) to report earnings on February, 22. They expect $0.20 earnings per share, up 42.86% or $0.06 from last year’s $0.14 per share. EE’s profit will be $8.11 million for 73.69 P/E if the $0.20 EPS becomes a reality. After $1.47 actual earnings per share reported by El Paso Electric Company for the previous quarter, Wall Street now forecasts -86.39% negative EPS growth.

El Paso Electric Company is a public utility company. The company has market cap of $2.39 billion. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. It has a 24.63 P/E ratio. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts .

Investors sentiment increased to 1.49 in Q2 2017. Its up 0.07, from 1.42 in 2017Q1. It improved, as 13 investors sold El Paso Electric Company shares while 54 reduced holdings. 33 funds opened positions while 67 raised stakes. 39.15 million shares or 1.44% more from 38.59 million shares in 2017Q1 were reported. Piedmont Invest Advsrs Ltd Liability Com invested 0.01% of its portfolio in El Paso Electric Company (NYSE:EE). Voya accumulated 0.01% or 45,543 shares. Ajo L P has 0.03% invested in El Paso Electric Company (NYSE:EE) for 129,996 shares. Wedge Mngmt L L P Nc reported 629,394 shares or 0.31% of all its holdings. Mason Street Advsrs Limited Liability Company holds 0.01% or 10,002 shares. Nordea Invest Management reported 0% in El Paso Electric Company (NYSE:EE). Amp Cap Invsts Ltd has 0% invested in El Paso Electric Company (NYSE:EE) for 10,200 shares. The Massachusetts-based American Inv Service Inc has invested 0.38% in El Paso Electric Company (NYSE:EE). Cornercap Inv Counsel holds 0.2% or 22,900 shares in its portfolio. Lord Abbett And Company Ltd Liability Corporation holds 0.05% or 349,309 shares. Great West Life Assurance Can holds 0.01% of its portfolio in El Paso Electric Company (NYSE:EE) for 58,320 shares. Royal Natl Bank Of Canada reported 18,308 shares. Proshare Advsrs Limited Liability Corp holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 4,802 shares. Thrivent Financial For Lutherans reported 0.01% of its portfolio in El Paso Electric Company (NYSE:EE). Geode Management Limited Liability Corp reported 339,341 shares.

Among 3 analysts covering El Paso Electric Company (NYSE:EE), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. El Paso Electric Company had 16 analyst reports since November 20, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 3 by Jefferies. Mizuho maintained the shares of EE in report on Thursday, October 26 with “Hold” rating. On Thursday, March 24 the stock rating was upgraded by Jefferies to “Hold”. Jefferies maintained El Paso Electric Company (NYSE:EE) on Friday, July 21 with “Hold” rating. The company was maintained on Tuesday, September 12 by Jefferies. On Friday, October 6 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Buy” rating on Thursday, July 14 by Jefferies. The firm has “Hold” rating given on Tuesday, October 3 by Mizuho. The stock of El Paso Electric Company (NYSE:EE) has “Underperform” rating given on Monday, October 16 by Jefferies. Jefferies maintained the shares of EE in report on Tuesday, June 13 with “Hold” rating.

Among 10 analysts covering Fox Factory Holding Corp. (NASDAQ:FOXF), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. Fox Factory Holding Corp. had 15 analyst reports since August 4, 2016 according to SRatingsIntel. On Tuesday, October 24 the stock rating was maintained by Bank of America with “Neutral”. Bank of America downgraded the stock to “Neutral” rating in Wednesday, July 12 report. The company was downgraded on Thursday, June 1 by CL King. The firm earned “Buy” rating on Thursday, August 4 by SunTrust. Suntrust Robinson downgraded the shares of FOXF in report on Tuesday, January 3 to “Hold” rating. The stock has “Hold” rating by Robert W. Baird on Thursday, September 28. The rating was maintained by DA Davidson on Thursday, June 29 with “Hold”. The rating was downgraded by DA Davidson to “Neutral” on Wednesday, May 17. The stock has “Hold” rating by SunTrust on Tuesday, January 3. The firm has “Hold” rating by William Blair given on Friday, October 13.

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The company has market cap of $1.44 billion. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles , snowmobiles, specialty vehicles and applications, and motorcycles. It has a 29.58 P/E ratio. The Company’s brands include FOX, FOX RACING SHOX and RACE FACE.

Investors sentiment increased to 2.13 in 2017 Q2. Its up 0.15, from 1.98 in 2017Q1. It improved, as 10 investors sold Fox Factory Holding Corp shares while 35 reduced holdings. 34 funds opened positions while 62 raised stakes. 35.40 million shares or 0.76% more from 35.13 million shares in 2017Q1 were reported. Northern Trust stated it has 467,560 shares or 0% of all its holdings. Hartford Invest Mngmt owns 5,760 shares for 0% of their portfolio. Timpani Capital Mgmt Limited Liability Corporation reported 0.75% stake. U S Global Invsts stated it has 0.27% in Fox Factory Holding Corp (NASDAQ:FOXF). Parametric Port Ltd Liability Company reported 0% stake. Nbw Llc has 100,035 shares. Rice Hall James Assocs Limited Liability invested in 0.15% or 94,083 shares. Redmond Asset Mngmt Ltd Liability Com has 0.53% invested in Fox Factory Holding Corp (NASDAQ:FOXF). Michigan-based Comerica Natl Bank has invested 0.01% in Fox Factory Holding Corp (NASDAQ:FOXF). Virginia Retirement Sys Et Al holds 0% of its portfolio in Fox Factory Holding Corp (NASDAQ:FOXF) for 6,000 shares. Sei Invs has invested 0% in Fox Factory Holding Corp (NASDAQ:FOXF). Alps Advsr Incorporated reported 18,036 shares stake. Wells Fargo & Mn owns 0.01% invested in Fox Factory Holding Corp (NASDAQ:FOXF) for 1.09M shares. 37,500 are held by New York State Common Retirement Fund. Alliancebernstein L P invested in 43,500 shares or 0% of the stock.

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