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FRC

First Republic

$108.90

0.68 (0.63%)

09:03
11/26/19
11/26
09:03
11/26/19
09:03

First Republic shares 'poised to double again,' says JPMorgan

With First Republic in "full blown expansion mode" towards $250B of assets, the shares are "poised to double again," JPMorgan analyst Steven Alexopoulos tells investors in a research note. The shares are "nearly perfectly correlated" to the size of the balance sheet, and First Republic's assets should double over the next five years, argues the analyst. He sees the stock price following suit and keeps an Overweight rating on First Republic. Alexopoulos boosted his price target for the shares to $132 from $125.

FRC First Republic
$108.90

0.68 (0.63%)

10/02/19
WELS
10/02/19
DOWNGRADE
Target $100
WELS
Market Perform
Wells Fargo downgrades First Republic on 'challenging' rate environment
Wells Fargo analyst Jared Shaw downgraded First Republic Bank to Market Perform from Outperform and lowered his price target for the shares to $100 from $112. The analyst, who expects First Republic to continue trading at a premium valuation compared to peers, sees limited opportunity for near-term valuation expansion with the shares trading at nearly 19.0 times his updated fiscal 2020 earnings estimates. Further, he sees the likelihood of additional negative earnings revisions due to the "challenging" interest rate environment. In an environment with few positive catalysts, combined with the richest valuation in the group, "the bar is set pretty high" for First Republic, Shaw tells investors in a research note.
10/16/19
BMOC
10/16/19
NO CHANGE
Target $103
BMOC
Market Perform
First Republic price target raised to $103 from $97 at BMO Capital
BMO Capital analyst Lana Chan raised her price target on First Republic to $103 after its better than expected Q3 earnings yesterday, noting that the trends and "strong" loan growth in the company's quarter offset the pressure in its net interest margins. The analyst adds that the company's growth outlook is strong as she raises her implied forward earnings multiple to 19-times from 18-times. Chan keeps her Market Perform rating on First Republic however, stating that the stock's premium valuation has widened relative to peers, which may elevate the possibility of a "small" equity raise by the company in the near future.
10/16/19
RBCM
10/16/19
NO CHANGE
Target $105
RBCM
Sector Perform
First Republic price target raised to $105 from $95 at RBC Capital
RBC Capital analyst Jon Arfstrom raised his price target on First Republic to $105 after its Q3 earnings beat, saying the quarter was highlighted by the continued "strong loan growth, tight expense control, and lower credit costs" that helped offset the margin pressure coming from a more challenging interest rate environment. The analyst is keeping his Sector Perform rating on the stock however, forecasting modestly declining margins in spite of the "solid" net interest income growth and elevated expenses as the company continues to reinvest in its business.
11/05/19
JPMS
11/05/19
NO CHANGE
Target $125
JPMS
Overweight
First Republic price target raised to $125 from $118 at JPMorgan
JPMorgan analyst Steven Alexopoulos raised his price target for First Republic to $125 from $118 following the company's investor day and keeps an Overweight rating on the shares. While many continue to focus on the efficiency ratio, the single most important factor for First Republic shares is the number of years that the company is likely to continue compounding balance sheet as well as revenue growth at a pace that is six to eight times that of its peers, Alexopoulos tells investors in a research note. On this, the analyst left the investor day concluding that First Republic is still in the very early innings of its growth story.

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YEXT

Yext

$16.62

0.065 (0.39%)

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FIZZ

National Beverage

$48.28

-1.16 (-2.35%)

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AXSM

Axsome Therapeutics

$43.27

-4.17 (-8.79%)

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HTHT

Huazhu Group

$34.49

1.58 (4.80%)

17:15
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ONDS

Ondas Holdings

$0.00

(0.00%)

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GH

Guardant Health

$73.57

-1.43 (-1.91%)

17:11
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DEI

Douglas Emmett

$44.13

0.1 (0.23%)

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AXSM

Axsome Therapeutics

$43.27

-4.17 (-8.79%)

17:06
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Syndicate
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ZM

Zoom Video

$69.73

-0.22 (-0.31%)

17:06
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Periodicals
Zoom Video shares fall on moderating revenue growth, CNBC reports »

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TRIP

TripAdvisor

$29.04

0.51 (1.79%)

, EIGI

Endurance

$4.04

-0.06 (-1.46%)

17:03
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TripAdvisor acquires SinglePlatform from Endurance, terms not disclosed »

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TRIP

TripAdvisor

$29.04

0.51 (1.79%)

EIGI

Endurance

$4.04

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BP

BP

$36.63

-0.45 (-1.21%)

, COP

ConocoPhillips

$59.83

-0.8 (-1.32%)

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OPEC cancels customary press conference after meeting, CNBC reports »

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$36.63

-0.45 (-1.21%)

COP

ConocoPhillips

$59.83

-0.8 (-1.32%)

TOT

Total

$52.29

0.02 (0.04%)

XOM

Exxon Mobil

$68.41

-0.24 (-0.35%)

CVX

Chevron

$116.30

-0.66 (-0.56%)

RDS.A

Royal Dutch Shell

$56.50

-0.34 (-0.60%)

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SAGE

Sage Therapeutics

$60.11

-89.11 (-59.72%)

16:53
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16:53
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16:53
Recommendations
Sage Therapeutics analyst commentary  »

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EMN

Eastman Chemical

$75.68

0.67 (0.89%)

16:43
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Eastman Chemical raises quarterly dividend 6.5% to 66c from 62c per share »

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EVRI

Everi Holdings

$11.86

-1 (-7.78%)

16:43
12/05/19
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16:43
Syndicate
Everi Holdings 10M share Secondary priced at $11.25 »

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ZUMZ

Zumiez

$30.63

0.67 (2.24%)

16:39
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Earnings
Zumiez raises FY19 SSS growth view to 4.0%-4.5% from prior view 2.0%-4.0% »

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:38
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Earnings
Crowdstrike raises FY20 EPS view to (53c)-(52c) from (65c)-(62c) »

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FNHC

Federated National

$15.37

-0.04 (-0.26%)

16:36
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Federated National announces new $10M share repurchase program »

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:36
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Earnings
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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:35
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Earnings
Crowdstrike reports Q3 adjusted EPS (7c), consensus (11c) »

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EPZM

Epizyme

$15.32

-0.48 (-3.04%)

16:35
12/05/19
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16:35
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Epizyme rating change  »

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ESTA

Establishment Labs

$24.31

0.32 (1.33%)

16:35
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IDT

IDT Corp

$7.47

0.26 (3.61%)

16:34
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KODK

Kodak

$2.59

0.085 (3.39%)

16:33
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PAC

GAP Airports

$99.66

-1.12 (-1.11%)

16:32
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JOE

Saint Joe Co.

$19.49

0.7 (3.73%)

16:32
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