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UBER

Uber

$27.01

-0.33 (-1.21%)

10:22
11/09/19
11/09
10:22
11/09/19
10:22

Uber's huge losses testing investor patience, Barron's says

Earlier this week, Uber (UBER) reported better-than-expected Q3 sales and EBITDA, but still fell 10% due to a quarterly net loss of $1.2B, Barron's Tae Kim wrote, adding that this earnings came just ahead of Uber's IPO lockup period expiration, which allows insiders to sell their stock in the company. The market wants more discipline from Uber, but Uber is hoping for more patience, as it targets 2021 for break-even. Kim suggested that Uber's "heavy investment mode with excessive promotions needs to stop. The company should focus on its core ride-hailing business, either spinning out, divesting, or shutting down its money-losing e-bike, e-scooter, and autonomous-driving bets." He added that Uber Eats is only EBITDA positive in 100 of 500 cities where it operates, and "should just shut down those money-losing areas today." Kim concluded that "by putting the focus on its solid core business, Uber can turn around its plunging stock price." Reference Link

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    Nov

UBER Uber
$27.01

-0.33 (-1.21%)

11/05/19
OPCO
11/05/19
NO CHANGE
Target $45
OPCO
Outperform
Uber price target lowered to $45 from $55 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for Uber to $45 from $55, citing a decline in peer multiples and a more competitive food delivery environment, but maintains an Outperform rating as Rides economics are improving and management expects EBITDA break-even in 2021 vs. his prior 2022 assumption.
11/05/19
MSCO
11/05/19
NO CHANGE
Target $55
MSCO
Overweight
After Uber earnings, Morgan Stanley sees four reasons to be bullish in 2020
After Uber reported Q3 results and gave new segment disclosures, Morgan Stanley analyst Brian Nowak highlighted four reasons he sees to be bullish. Namely, the company is targeting being breakeven for 2021, which is a year earlier than expected; Rides segment bookings and adjusted net revenue were 1% and 5%, respectively, better than expected; ...Eats segment bookings were 4% lighter than he expected, but its adjusted EBITDA losses were 10% below what he forecast; and messaging about the future of online food delivery industry was "more rational," according to Nowak. Following the quarterly report, Nowak raised his 20/21 EBITDA estimates, increased his price target on Uber shares to $55 from $53 and suggested the shares be bought on weakness through the upcoming lock-up period. Nowak keeps an Overweight rating on Uber shares.
11/05/19
DADA
11/05/19
NO CHANGE
Target $35
DADA
Neutral
Uber price target lowered to $35 from $44 at DA Davidson
DA Davidson analyst Tom White lowered his price target on Uber to $35 and kept his Neutral rating after its Q3 results. The analyst says the quarter was "solid but somewhat mixed", with Gross Bookings, monthly active platform consumers, and trips all a bit light of consensus and revenue/EBITDA loss metrics "generally better". White boosts his 2020 EBITDA estimate by $1.29B to ($1.17B), but lowers his assumed enterprise value to expected 2020 sales multiple to 3.3-times from 4.1-times.
11/07/19
BOFA
11/07/19
NO CHANGE
Target $44
BOFA
Buy
Uber trading at discount to peers amid lock-up pressure, says BofA/Merrill
BofA Merrill Lynch analyst Justin Post noted that 134M shares of Uber stock traded yesterday, which compares to average daily volume of about 12M shares since its IPO and represents around 9% of the 1.4B shares unlocked by the expiration of the IPO lock-up provisions. The stock's roughly 4% decline was consistent with the recent basket of Internet IPOs he compares it to, which declined 2.3% on average on the day of lock-up expiration, Post added. He thinks lock-up related selling will likely remain a headwind in November, but he also notes that the company's current adjusted market cap of $30.4B implies a valuation discount to GrubHub (GRUB) and Lyft (LYFT). The analyst, who sees support coming from new segment disclosures and sum-of-the-parts valuation despite the lock-up overhang, keeps a Buy rating on Uber shares with a $44 price target.

TODAY'S FREE FLY STORIES

20:20
11/21/19
11/21
20:20
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20:20
General news
Treasury Market Summary »

Treasury Market Summary:…

LYV

Live Nation

$66.17

-1.55 (-2.29%)

20:08
11/21/19
11/21
20:08
11/21/19
20:08
Periodicals
Live Nation 'looking forward' to taking part in Congress review of ticket market 

Report from Bloomberg.

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DRH

DiamondRock

$9.86

-0.085 (-0.86%)

19:53
11/21/19
11/21
19:53
11/21/19
19:53
Upgrade
DiamondRock rating change  »

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OOMA

Ooma

$11.18

-0.01 (-0.09%)

, IIIV

i3 Verticals

$22.29

-0.52 (-2.28%)

19:18
11/21/19
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19:18
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19:18
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Ooma…

OOMA

Ooma

$11.18

-0.01 (-0.09%)

IIIV

i3 Verticals

$22.29

-0.52 (-2.28%)

JWN

Nordstrom

$34.29

0.35 (1.03%)

SCVL

Shoe Carnival

$37.18

1.36 (3.80%)

SPLK

Splunk

$126.80

-0.04 (-0.03%)

GPS

Gap

$16.22

-0.05 (-0.31%)

ROST

Ross Stores

$111.81

1.39 (1.26%)

PSTG

Pure Storage

$19.84

-0.22 (-1.10%)

WSM

Williams-Sonoma

$68.76

0.195 (0.28%)

PNNT

PennantPark

$5.95

0.01 (0.17%)

ENTA

Enanta

$63.27

1.55 (2.51%)

INTU

Intuit

$270.01

-3.38 (-1.24%)

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  • 02

    Dec

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    Dec

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    Dec

  • 09

    Dec

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    Dec

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    Dec

  • 10

    Mar

  • 11

    Mar

AES

AES Corp.

$18.50

-0.115 (-0.62%)

19:08
11/21/19
11/21
19:08
11/21/19
19:08
Earnings
AES backs FY19 adjusted EPS view $1.30-$1.38, consensus $1.33 »

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  • 04

    Dec

WM

Waste Management

$111.23

-1.305 (-1.16%)

, RSG

Republic Services

$86.78

-0.91 (-1.04%)

19:07
11/21/19
11/21
19:07
11/21/19
19:07
Initiation
Waste Management, Republic Services, Waste Connections, Clean Harbors, Stericycle, Casella Waste, Covanta initiated  »

Jefferies initiates…

WM

Waste Management

$111.23

-1.305 (-1.16%)

RSG

Republic Services

$86.78

-0.91 (-1.04%)

WCN

Waste Connections

$89.54

-0.28 (-0.31%)

CLH

Clean Harbors

$84.70

-0.75 (-0.88%)

SRCL

Stericycle

$62.49

0.76 (1.23%)

CWST

Casella Waste

$43.70

-0.39 (-0.88%)

CVA

Covanta

$14.43

-0.14 (-0.96%)

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AES

AES Corp.

$18.50

-0.115 (-0.62%)

19:07
11/21/19
11/21
19:07
11/21/19
19:07
Hot Stocks
AES Corp. says PUCO has modified DP&L rates »

The AES Corporation…

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  • 04

    Dec

ICE

IntercontinentalExchange

$93.89

-0.58 (-0.61%)

, BTC

Bitcoin

$0.00

(0.00%)

19:02
11/21/19
11/21
19:02
11/21/19
19:02
Hot Stocks
ICE announces launch of Bakkt Bitcoin Cash Settled Monthly Futures contract »

Intercontinental Exchange…

ICE

IntercontinentalExchange

$93.89

-0.58 (-0.61%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

03/08/13
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MAN

ManpowerGroup

$92.05

-0.355 (-0.38%)

18:51
11/21/19
11/21
18:51
11/21/19
18:51
Initiation
ManpowerGroup initiated at Jefferies »

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RHI

Robert Half

$58.01

-0.38 (-0.65%)

18:48
11/21/19
11/21
18:48
11/21/19
18:48
Initiation
Robert Half initiated at Jefferies »

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HTZ

Hertz

$15.37

0.265 (1.76%)

18:46
11/21/19
11/21
18:46
11/21/19
18:46
Initiation
Hertz initiated at Jefferies »

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CAR

Avis Budget

$28.71

0.16 (0.56%)

18:44
11/21/19
11/21
18:44
11/21/19
18:44
Initiation
Avis Budget initiated at Jefferies »

Avis Budget initiated…

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AMD

AMD

$39.52

-1.45 (-3.54%)

18:42
11/21/19
11/21
18:42
11/21/19
18:42
Hot Stocks
AMD CEO: The key for us is product generation »

In an interview on…

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  • 09

    Dec

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    Dec

CTAS

Cintas

$253.61

-5.78 (-2.23%)

, BFAM

Bright Horizons

$148.62

-3.92 (-2.57%)

18:42
11/21/19
11/21
18:42
11/21/19
18:42
Initiation
Cintas, Bright Horizons, Aramark, H&R Block, BrightView, Rollins, ServiceMaster initiated at Jefferies »

Jefferies initiates…

CTAS

Cintas

$253.61

-5.78 (-2.23%)

BFAM

Bright Horizons

$148.62

-3.92 (-2.57%)

ARMK

Aramark

$42.42

-1.37 (-3.13%)

HRB

H&R Block

$24.34

-0.15 (-0.61%)

BV

BrightView

$16.79

-2.525 (-13.08%)

ROL

Rollins

$35.77

-0.8 (-2.19%)

SERV

ServiceMaster

$36.16

-0.42 (-1.15%)

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  • 21

    Nov

  • 04

    Dec

PINE

Alpine Income Properties

$0.00

(0.00%)

18:34
11/21/19
11/21
18:34
11/21/19
18:34
Syndicate
Alpine Income Properties 7.5M share IPO priced at $19.00 »

The deal priced at low…

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  • 22

    Nov

OTTW

Ottawa Bancorp

$13.39

-0.39 (-2.83%)

18:28
11/21/19
11/21
18:28
11/21/19
18:28
Hot Stocks
Ottawa Bancorp approves stock buyback of 317,307 shares »

Ottawa Bancorp announced…

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MSFT

Microsoft

$149.46

-0.14 (-0.09%)

18:27
11/21/19
11/21
18:27
11/21/19
18:27
Periodicals
Microsoft says granted U.S. license to do business with Huawei, Bloomberg says »

Microsoft said it has…

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  • 02

    Dec

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    Dec

  • 09

    Dec

SITC

Site Centers

$14.28

-0.275 (-1.89%)

18:24
11/21/19
11/21
18:24
11/21/19
18:24
Upgrade
Site Centers rating change at Stifel »

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UAL

United Airlines

$90.96

-0.72 (-0.79%)

, BA

Boeing

$366.47

-4.275 (-1.15%)

18:23
11/21/19
11/21
18:23
11/21/19
18:23
Hot Stocks
United Airlines CEO: We don't think we are near a recession »

In an interview on…

UAL

United Airlines

$90.96

-0.72 (-0.79%)

BA

Boeing

$366.47

-4.275 (-1.15%)

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  • 03

    Dec

FAST

Fastenal

$35.15

-0.1 (-0.28%)

, GWW

Grainger

$312.66

0.305 (0.10%)

18:20
11/21/19
11/21
18:20
11/21/19
18:20
Initiation
Fastenal, Grainger, HD Supply, MSC Industrial, Wesco initiated at Jefferies »

Jefferies initiates…

FAST

Fastenal

$35.15

-0.1 (-0.28%)

GWW

Grainger

$312.66

0.305 (0.10%)

HDS

HD Supply

$39.10

-0.21 (-0.53%)

MSM

MSC Industrial

$73.66

-0.125 (-0.17%)

WCC

Wesco

$53.09

-0.02 (-0.04%)

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  • 10

    Dec

  • 30

    Jan

SPGI

S&P Global

$264.34

-3.6 (-1.34%)

, INFO

IHS Markit

$71.62

-0.38 (-0.53%)

18:06
11/21/19
11/21
18:06
11/21/19
18:06
Initiation
S&P Global, IHS Markit, Verisk Analytics, Gartner, FactSet, Equifax, TransUnion, CoStar Group initiated at Jefferies »

Jefferies initiates…

SPGI

S&P Global

$264.34

-3.6 (-1.34%)

INFO

IHS Markit

$71.62

-0.38 (-0.53%)

VRSK

Verisk Analytics

$144.45

0.12 (0.08%)

IT

Gartner

$158.00

0.06 (0.04%)

FDS

FactSet

$258.20

-3.65 (-1.39%)

EFX

Equifax

$137.97

-1.15 (-0.83%)

TRU

TransUnion

$84.90

-1.34 (-1.55%)

CSGP

CoStar Group

$587.66

-7.45 (-1.25%)

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  • 02

    Dec

  • 19

    Dec

  • 19

    Dec

  • 07

    Jan

GPS

Gap

$16.22

-0.05 (-0.31%)

17:59
11/21/19
11/21
17:59
11/21/19
17:59
Periodicals
Gap to pull Old Navy brand from China in early 2020, Reuters reports »

Gap said it does not…

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  • 21

    Nov

  • 05

    Dec

LB

L Brands

$17.18

1.78 (11.56%)

17:50
11/21/19
11/21
17:50
11/21/19
17:50
Hot Stocks
L Brands cancels Victoria's Secret Fashion Show for 'more current platforms' »

The CFO of L Brands,…

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  • 21

    Nov

  • 05

    Dec

  • 27

    Feb

WCC

Wesco

$53.09

-0.02 (-0.04%)

17:47
11/21/19
11/21
17:47
11/21/19
17:47
Initiation
Wesco initiated at Jefferies »

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03/08/13
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MAN

ManpowerGroup

$92.05

-0.355 (-0.38%)

17:47
11/21/19
11/21
17:47
11/21/19
17:47
Initiation
ManpowerGroup initiated at Jefferies »

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