The shares of Infinera Corporation (NASDAQ:INFN) has been pegged with a rating of Buy by MKM Partners in its latest research note that was published on March 11th, 2019. The research company has also assigned a $6 price target. MKM Partners wasnâ€™t the only research firm that published a report of Infinera Corporation, with other equities research analysts also giving their opinion on the stock. MKM Partners advised investors in its research note published on February 25th, 2019, to Neutral the INFN stock while also putting a $6 price target. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on November 13th, 2018. The stock was given Hold rating by Jefferies in its report released on November 9th, 2018. Needham was of a view that INFN is Strong Buy in its latest report on November 7th, 2018 while giving it a price target of $9. B. Riley FBR thinks that INFN is worth Neutral rating. This was contained in the firmâ€™s report on November 7th, 2018 in which the stockâ€™s price target was also moved to $5.50.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $6.46. The price of the stock the last time has raised by 38.70% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 61.14.
The shares of the company added by 4.25% during the trading session on Friday, reaching a low of $4.53 while ending the day at $4.91. During the trading session, a total of 3.58 million shares were traded which represents a -38.38% decline from the average session volume which is 2.59M shares. INFN had ended its last session trading at 4.71. Infinera Corporation currently has a market cap of $876.68M while its P/E earnings growth sits at 0.93, with a beta of 0.63. Infinera Corporation debt-to-equity ratio currently stands at 0.66, while its quick ratio hovers at 1.30. INFN 52-week low price stands at $3.54 while its 52-week high price is $12.39.
The company in its last quarterly report recorded -$0.25 earnings per share which is above the -$0.27 predicted by most analysts. The Infinera Corporation generated $336.64 million in revenue during the last quarter, which is slightly higher than the $324.86 million predicted by analysts. In the second quarter last year, the firm recorded -$0.04 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 84%. Infinera Corporation has the potential to record -1.29 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on April 9th, 2019 where it informed investors and clients that Western Midstream Partners, LP (NYSE:WES) is now rated as Buy. Their price target on the stock stands at $35. MKM Partners also rated WES as Upgrade on February 25th, 2019, with its price target of $18 suggesting that WES could surge by 16.83% from its current share price. Even though the stock has been trading at $32.22/share, analysts expect it to surge higher by 8.41% to reach $42.00/share. It started the day trading at $35.75 and traded between $34.00 and $34.93 throughout the trading session.
A look at its technical shows that WESâ€™s 50-day SMA is 32.29 while its 200-day SMA stands at 32.33. The stock has a high of $38.62 for the year while the low is $25.89. The companyâ€™s P/E ratio currently sits at 20.71, while the P/B ratio is 8.03. At the moment, only of Western Midstream Partners, LP shares were sold short. The companyâ€™s average trading volume currently stands at 912.72K shares, which means that the short-interest ratio is just 7.45 days. Over the past seven days, the company moved, with its shift of 7.84%. Looking further, the stock has raised 14.00% over the past 90 days while it gained 5.72% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. Tortoise Capital Advisors LLC bought more WES shares, increasing its portfolio by +4.34% during the last quarter. This move now sees Tortoise Capital Advisors LLC purchasing 787,562 shares in the last quarter, thus it now holds 18,943,235 shares of WES, with a total valuation of $594,059,850. Neuberger Berman Investment Advis meanwhile sold more WES shares in the recently filed quarter, changing its stake to $427,510,276 worth of shares. ALPS Advisors Inc followed the path by increasing its WES portfolio by +12.58% in the quarter. This means that ALPS Advisors Inc bought 1,118,816 shares in the last quarter and now controls 10,012,005 shares of the WES stock, with the valuation hitting $313,976,477.
Similarly, Kayne Anderson Capital Advisors L decreased its Western Midstream Partners, LP shares by -2.01% during the recently filed quarter. After selling -181,060 shares in the last quarter, the firm now controls 8,835,417 shares of Western Midstream Partners, LP which are valued at $277,078,677. In the same vein, OFI Steelpath Inc increased its Western Midstream Partners, LP shares by during the most recent reported quarter. The firm bought 2,828,844 shares during the quarter which increased its stakes to 6,161,745 shares and is now valued at $193,232,323. Following these latest developments, around 0.10% of Western Midstream Partners, LP stocks are owned by institutional investors and hedge funds.