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STON

StoneMor Partners

$9.00

-0.07 (-0.77%)

10:01
07/17/17
07/17
10:01
07/17/17
10:01

Follow-up: StoneMor Partners downgraded on lack of clarity at Raymond James

As previously reported, Raymond James downgraded StoneMor Partners to Market Perform from Outperform citing lack of clarity. Analyst John Ransom said management keeps missing deadlines as it now expects to file its 2016 10K within the next two to four weeks, following a previous July 15 target date, and does not expect to be able to file the June quarter 10Q by August 14. Further, the analyst said the lender credit agreement is under default and it is unclear under the conditions that lenders would consider granting a waiver.

STON StoneMor Partners
$9.00

-0.07 (-0.77%)

11/10/16
11/10/16
UPGRADE
Target $13

Outperform
StoneMor Partners upgraded to Outperform on cash flow, yield at Raymond James
As previously reported, Raymond James upgraded StoneMor to Outperform from Market Perform and established a $13 price target on shares. Analyst John Ransom said management's conference call was very constructive and said the main catalysts for the upgrade was new emphasis on cash flow from operations and distribution sustainability, visibility into increasing free cash flow, and 15% yield.
02/27/17
RAJA
02/27/17
NO CHANGE
RAJA
Outperform
StoneMor Partners 10-K delayed but cash flows appear better, says Raymond James
Raymond James analyst John Ransom said StoneMor Partners announced a delay in the filing of its 2016 10-K and Q4 earnings release as the partnership discovered previously issued consolidated financial statements it had underreported cemetery revenues, net of associated direct costs, and over-reported net deferred revenues. Management believes the historical revision will have an immaterial impact on historical distributable cash flows and will actually have a positive effect on future cash flows. Ransom said his Outperform thesis is based on sustainability of the dividend based on recurring cash flows, not GAAP financials, and believes cash flows appear better, not worse, with the new accounting.
03/28/17
RAJA
03/28/17
NO CHANGE
Target $8
RAJA
Outperform
StoneMor Partners shares undervalued, says Raymond James
Raymond James analyst John Ransom said the retirement of CEO Lawrence Miller is not a surprise given his age, 68, and the company's underperformance over the past 18 months. The analyst told investors the company is still on a path to approximately $45M in cash flow from operations, but his conviction would be higher with 2016 audited financials. Ransom said if the current distribution is sustainable, shares are undervalued and reiterates his Outperform rating and $8 price target on shares.
07/17/17
RAJA
07/17/17
DOWNGRADE
RAJA
Market Perform
StoneMor Partners downgraded to Market Perform from Outperform at Raymond James

TODAY'S FREE FLY STORIES

CLVS

Clovis

$87.43

1.46 (1.70%)

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Tesaro

$130.06

1.11 (0.86%)

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MRK

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AZN

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$28.99

-4.95 (-14.58%)

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FB

Facebook

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Verizon

$47.37

2.965 (6.68%)

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Verizon

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AZN

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GNC

GNC Holdings

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TSCO

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TWTR

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BWLD

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LUV

Southwest

$57.56

-1.96 (-3.29%)

12:37
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LUV

Southwest

$57.60

-1.925 (-3.23%)

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LUV

Southwest

$57.60

-1.925 (-3.23%)

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AAPL

Apple

$153.46

0.72 (0.47%)

12:34
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Periodicals
Apple confirms discontinuation of iPod nano, shuffle, The Verge reports »

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  • 01

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HOG

Harley-Davidson

$49.96

1.32 (2.71%)

12:30
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Options
Heavy call activity in Harley Davidson as shares rally »

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  • 02

    Oct

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Atlanta Fed's final Q2 GDPNow estimate was boosted to 2.8% »

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VBIV

VBI Vaccines

$4.61

-0.03 (-0.65%)

12:25
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Conference/Events
VBI Vaccines to host conference call »

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DAL

Delta Air Lines

$50.74

-0.395 (-0.77%)

, AFLYY

Air France-KLM

$14.14

0.18 (1.29%)

12:22
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Hot Stocks
Delta Air Lines to acquire 10% equity stake in Air France-KLM for EUR375M »

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DAL

Delta Air Lines

$50.74

-0.395 (-0.77%)

AFLYY

Air France-KLM

$14.14

0.18 (1.29%)

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GG

Goldcorp

$12.88

-0.91 (-6.60%)

12:20
07/27/17
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Options
Repeat activity in GoldCorp after earnings »

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Treasury Option Action: heavy put activity »

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$NSD

NASDAQ Market Internals

12:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

12:16
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NYSE market internals summary »

Volume is average for…

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W

Wayfair

$78.91

-0.4533 (-0.57%)

12:15
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Options
Wayfair put volume heavy and directionally bearish »

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TDOC

Teladoc

$31.78

-2.575 (-7.50%)

, AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

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TDOC

Teladoc

$31.78

-2.575 (-7.50%)

AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

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SBUX

Starbucks

$57.94

-0.61 (-1.04%)

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AAPL

Apple

$153.46

0.72 (0.47%)

12:06
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Breaking Periodicals news story on Apple »

Apple to discontinue iPod…

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  • 01

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NTES

NetEase

$312.15

3.26 (1.06%)

12:05
07/27/17
07/27
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Options
NetEase call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

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WABC

Westamerica

$54.57

-1.82 (-3.23%)

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Westamerica announces announces stock repurchase plan »

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12:00
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Treasury's $20 B 14-day cash management bill saw pretty good demand »

Treasury's $20 B…

INTC

Intel

$34.75

0.08 (0.23%)

12:00
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Periodicals
Intel sells four offices buildings, development center in Alameda, SVBJ says »

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HOG

Harley-Davidson

$49.03

0.39 (0.80%)

, TSLA

Tesla

$343.85

4.25 (1.25%)

11:58
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Harley-Davidson jumps amid chatter of Tesla partnership »

The move higher in shares…

HOG

Harley-Davidson

$49.03

0.39 (0.80%)

TSLA

Tesla

$343.85

4.25 (1.25%)

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  • 02

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RYAM

Rayonier Advanced Materials

$15.72

-0.11 (-0.69%)

11:56
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Tembec shareholders approve deal with Rayonier Advanced Materials »

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  • 03

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TKC

Turkcell

$9.29

0.29 (3.22%)

11:55
07/27/17
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Hot Stocks
Breaking Hot Stocks news story on Turkcell 

Turkcell trading resumes

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