This stock looks very over-sold to me. Share price has fallen to where it was back in February '14, while consensus estimates predict 14% eps growth for '15 and 23.0% for '16. The p/e on the 2015 consensus is just 10.9. This year, we have two new price targets, both of $ 65 (FBR and Sidoti), plus another analyst's target of $75. And on May 20, Moody's upgraded PKOH's debt, citing improved operating performance and continued strong growth in end demand.
PKOH has always been quite volatile in terms on share price swings, and I've made good returns by buying shares during these periodic share price pullbacks and then taking profits when the price bounces back up. With the share price now near 18-month lows, this looks like another of those periodic buying opportunities.
Sentiment: Strong Buy
How much lower? They reduced rev. guidance from $6.0-6.2b to $6.0-6.1b. Consensus estimate is $6.07b. If you are saying that this totally minute guidance cut has any significance, I say "baloney!"
Good question. There seems to be a bunch of shorts who want to grind this thing down no matter how strong their earnings reports. Frustrating as hell, ain't it!?
I'm trying to follow KEP, but news is impossible to come by. The stock was up 5% in Korea this morning, so naturally the ADR is following along.
Received a note from my broker (Interactive Brokers) that TM will pay a dividend of 2.00/share, with ex-div date of 3/27, pay date unknown. Can't find anything about this at the Toyota website. Anyone have more info?