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Alberto Abaterusso
Alberto Abaterusso
Articles (1434) 

Analysts Commence Coverage on Large Caps

Walgreens Boots Alliance and Adobe amid the top initiations

These analysts started coverage of the following large-cap stocks on Thursday.

Morgan Stanley initiated coverage on Ball Corp. (NYSE:BLL) with an overweight rating and on Sealed Air Corp (NYSE:SEE) with an equal-weight rating. UBS started to cover shares of Walgreens Boots Alliance Inc. (NASDAQ:WBA) with a sell rating and of AmerisourceBergen Corp. (NYSE:ABC) with a buy rating. Stephens & Co. started covering Salesforce.com Inc. (NYSE:CRM) with an overweight rating and Adobe Inc. (NASDAQ:ADBE) with an equal-weight rating. JPMorgan initiated coverage on shares of Tencent Music Entertainment Group (NYSE:TME) with an overweight rating.

The table below shows the price target that the analysts have issued for each stock, the percentage of upside/downside that the target price represents from the share price at close on Thursday, the average target price and the mean recommendation rating as of Thursday.

The chart below illustrates the share price at close Thursday and the change in the market value of each stock so far this year.

Chart: GuruFocus.com

For each stock, the table below illustrates the market capitalization as of Jan. 17, the 52-week range, the price-book ratio, the price-sales ratio and the price-earnings ratio. Blank cells may mean negative values.

The charts below, which are powered by GuruFocus, compare the share price at close Thursday with the Peter Lynch Earnings Line (P/E = 15) and the Price at Med P/E without NRI. For Tencent Music Entertainment Group the chart of Peter Lynch is not available.

Ball Corp., Sealed Air Corp. and Adobe Inc. appear overpriced. Walgreens Boots Alliance and AmerisourceBergen Corp. seem to be priced fairly. Instead, Salesforce.com’s share price at close Thursday is above the Peter Lynch Earnings Line (P/E = 15) but below the Price at Med P/E without NRI.

In addition, Ball Corp. has a forward dividend yield of 0.83%, Sealed Air Corp. has a forward dividend yield of 1.74%, Walgreens Boots Alliance has a forward dividend yield of 2.44% and AmerisourceBergen Corp. has a forward dividend yield of 2.07%.

Adobe, Salesforce.com and Tencent Music Entertainment Group do not pay a dividend.

Disclosure: I have no positions in any security mentioned.

About the author:

Alberto Abaterusso
If somebody asks what being a value investor means, Alberto Abaterusso would answer, “The value investor is not just the possessor of the security that represents the company, but he is the owner of that company. As an owner of the company the value investor is actively involved in the dynamics of that company and his first concern is how to have sales progressively growing. Also, the value investor is probably one of the most demanding persons in the world concerning sales.”

Abaterusso is a freelance writer based in The Netherlands. He primarily writes about gold, silver and precious metals mining stocks. His articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. Alberto holds an MBA from Università degli Studi di Bari (Italy), Aldo Moro.

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