El Paso Electric Company (EE) Reaches $59.60 After 9.00% Up Move; Cray (CRAY) Sentiment Is 1.31

November 14, 2017 - By Migdalia James

Cray Inc. is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing market, primarily categories of systems known as supercomputers. The company has market

cap of $732.94 million. The Company’s divisions include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other. It has a 71.7 P/E ratio. The Supercomputing segment includes a suite of supercomputer systems, which are used by engineering centers in universities, government laboratories, and commercial institutions.

The stock of El Paso Electric Company (NYSE:EE) is a huge mover today! About 130,216 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.The move comes after 9 months positive chart setup for the $2.42B company. It was reported on Nov, 14 by Barchart.com. We have $64.96 PT which if reached, will make NYSE:EE worth $217.80M more.

Analysts await Cray Inc. (NASDAQ:CRAY) to report earnings on February, 14. They expect $0.26 EPS, down 80.15% or $1.05 from last year’s $1.31 per share. CRAY’s profit will be $10.52 million for 17.42 P/E if the $0.26 EPS becomes a reality. After $-0.33 actual EPS reported by Cray Inc. for the previous quarter, Wall Street now forecasts -178.79% EPS growth.

About 111,533 shares traded. Cray Inc. (CRAY) has declined 43.00% since November 14, 2016 and is downtrending. It has underperformed by 59.70% the S&P500.

Ratings analysis reveals 100% of Cray’s analysts are positive. Out of 2 Wall Street analysts rating Cray, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $25.0 while the high is $30.0. The stock’s average target of $27.50 is 51.77% above today’s ($18.12) share price. CRAY was included in 2 notes of analysts from November 8, 2016. The stock of Cray Inc. (NASDAQ:CRAY) earned “Buy” rating by Stifel Nicolaus on Tuesday, November 8. The firm has “Buy” rating given on Wednesday, November 9 by Needham.

First Washington Corp holds 2.1% of its portfolio in Cray Inc. for 228,650 shares. Horrell Capital Management Inc. owns 160,000 shares or 1.73% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 1.64% invested in the company for 990,900 shares. The Minnesota-based Mairs & Power Inc has invested 0.73% in the stock. Dorsey & Whitney Trust Co Llc, a South Dakota-based fund reported 92,740 shares.

El Paso Electric Company is a public utility company. The company has market cap of $2.42 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 24.91 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 .

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. Williams Capital Group initiated the stock with “Hold” rating in Wednesday, January 11 report. The stock has “Hold” rating by Jefferies on Tuesday, September 12. Jefferies maintained it with “Hold” rating and $57.0 target in Friday, October 6 report. The stock of El Paso Electric Company (NYSE:EE) has “Underperform” rating given on Monday, October 16 by Jefferies. The stock has “Hold” rating by Mizuho on Tuesday, October 3. The company was maintained on Tuesday, June 13 by Jefferies. Jefferies maintained the shares of EE in report on Friday, July 21 with “Hold” rating. The rating was upgraded by Jefferies on Thursday, March 24 to “Hold”. Jefferies upgraded the shares of EE in report on Thursday, July 14 to “Buy” rating. The stock of El Paso Electric Company (NYSE:EE) earned “Hold” rating by Jefferies on Thursday, August 3.

Analysts await El Paso Electric Company (NYSE:EE) to report earnings on February, 22. They expect $0.20 EPS, up 42.86% or $0.06 from last year’s $0.14 per share. EE’s profit will be $8.12 million for 74.50 P/E if the $0.20 EPS becomes a reality. After $1.47 actual EPS reported by El Paso Electric Company for the previous quarter, Wall Street now forecasts -86.39% negative EPS growth.

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