B. Riley FBR Analyzed ChannelAdvisor (ECOM) with $17.5 Target; M Holdings Securities Has Cut Freeport (FCX) Stake

June 27, 2018 - By Jerrie Dane

Freeport-McMoRan Inc. (NYSE:FCX) Logo

Analysts at B. Riley FBR began coverage on shares of ChannelAdvisor (NYSE:ECOM) in a an analyst note revealed to investors and clients on Tuesday, 26 June. The financial firm set a “Buy” rating on the $393.07M market cap company.

M Holdings Securities Inc decreased Freeport (FCX) stake by 27.45% reported in 2018Q1 SEC filing. M Holdings Securities Inc sold 25,544 shares as Freeport (FCX)’s stock declined 12.54%. The M Holdings Securities Inc holds 67,528 shares with $1.19 million value, down from 93,072 last quarter. Freeport now has $23.54B valuation. The stock increased 3.24% or $0.51 during the last trading session, reaching $16.25. About 14.89M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 45.98% since June 27, 2017 and is uptrending. It has outperformed by 33.41% the S&P500. Some Historical FCX News: 15/05/2018 – Newmont, Freeport Pace Declines in Miners as Dollar Sinks Metals; 21/03/2018 – Buyer of Freeport Indonesia Stake Flooded With Bank Loan Offers; 05/03/2018 – FREEPORT LNG COULD OPEN AS LATE AS MAY 2019: CEO SMITH; 24/04/2018 – FREEPORT: INDONESIA IS IN TALKS WITH RIO ON GRASBERG DIVESTMENT; 19/04/2018 – Freeport LNG delays start of Texas export terminal to September 2019; 15/05/2018 – FREEPORT SAYS RIO IS DISCUSSING VALUE IN TALKS WITH INDONESIA; 22/05/2018 – RIO IS SAID READY TO ACCEPT $3.5 BILLION DEAL TO EXIT GRASBERG; 24/04/2018 – FREEPORT SEES FY COPPER SALES VOLUME 3.8B LBS; 02/04/2018 – Fidelity Select Gold Adds Freeport, Exits Beadell; 22/05/2018 – RIO TINTO LTD RIO.AX – RIO TINTO CONFIRMS THAT DISCUSSIONS BETWEEN RIO TINTO, INALUM AND FREEPORT ARE ONGOING, INCLUDING AS TO PRICE

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on July, 24. They expect $0.58 EPS, up 241.18% or $0.41 from last year’s $0.17 per share. FCX’s profit will be $840.30M for 7.00 P/E if the $0.58 EPS becomes a reality. After $0.46 actual EPS reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts 26.09% EPS growth.

Investors sentiment increased to 1.07 in Q1 2018. Its up 0.15, from 0.92 in 2017Q4. It is positive, as 36 investors sold FCX shares while 222 reduced holdings. 95 funds opened positions while 180 raised stakes. 1.00 billion shares or 1.38% more from 989.88 million shares in 2017Q4 were reported. Parsons Ri holds 0.09% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 42,659 shares. Holderness Invests has 0.11% invested in Freeport-McMoRan Inc. (NYSE:FCX). Beach Invest Mngmt Lc reported 41,330 shares. Citadel Ltd holds 0.05% or 4.95M shares in its portfolio. Moreover, Beach Counsel Pa has 0.86% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 470,144 shares. Meiji Yasuda Asset Company Limited reported 0.04% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Wesbanco Savings Bank invested in 0.02% or 17,755 shares. Alps Advsr holds 11,747 shares or 0% of its portfolio. Tide Point Capital Mgmt Limited Partnership accumulated 2.15% or 1.60 million shares. 15,327 are held by Waters Parkerson Llc. Usca Ria Ltd invested in 20,571 shares. Art Advisors Limited Liability owns 0.5% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 705,600 shares. Suntrust Banks holds 47,594 shares. Fny Managed Accounts Limited Company has 594 shares for 0.01% of their portfolio. The Connecticut-based Massmutual Com Fsb Adv has invested 0% in Freeport-McMoRan Inc. (NYSE:FCX).

Since January 31, 2018, it had 0 insider purchases, and 1 sale for $419,125 activity. 21,500 shares were sold by WHITMIRE C DONALD JR, worth $419,125 on Wednesday, January 31.

Among 24 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 6 have Buy rating, 5 Sell and 13 Hold. Therefore 25% are positive. Freeport-McMoran Copper & Gold has $29 highest and $5 lowest target. $17.57’s average target is 8.12% above currents $16.25 stock price. Freeport-McMoran Copper & Gold had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by B. Riley & Co on Thursday, April 26 with “Neutral”. The stock has “Buy” rating by Deutsche Bank on Saturday, August 29. The rating was downgraded by Argus Research on Wednesday, February 3 to “Hold”. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, May 2 report. The rating was maintained by RBC Capital Markets on Tuesday, October 27 with “Sector Perform”. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Mkt Perform” rating by FBR Capital on Monday, May 1. The rating was downgraded by CLSA to “Sell” on Tuesday, April 19. FBR Capital maintained Freeport-McMoRan Inc. (NYSE:FCX) on Wednesday, July 20 with “Mkt Perform” rating. The rating was upgraded by Berenberg on Wednesday, March 22 to “Hold”. The firm earned “Underweight” rating on Wednesday, September 14 by Morgan Stanley.

M Holdings Securities Inc increased Northern Lts Fd Tr Iv Inspire Corporate Bd Impact Etf stake by 23,672 shares to 39,853 valued at $974,000 in 2018Q1. It also upped United Parcel Svc Inc Cl B (NYSE:UPS) stake by 5,986 shares and now owns 10,416 shares. Spdr S&P 500 Etf Tr Tr Unit (SPY) was raised too.

More notable recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Seekingalpha.com which released: “Freeport-McMoRan: Copper, Copper, Copper” on June 26, 2018, also Seekingalpha.com with their article: “The Curious Case Of Freeport-McMoRan” published on June 11, 2018, Seekingalpha.com published: “Freeport-McMoRan: Strong Potential” on June 05, 2018. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) were released by: Fool.com and their article: “Is Freeport-McMoRan, Inc. a Buy?” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “Freeport-McMoRan: Update On Bullish Thesis” with publication date: June 07, 2018.

More recent ChannelAdvisor Corporation (NYSE:ECOM) news were published by: Globenewswire.com which released: “ChannelAdvisor to Present at the Stifel Cross Sector Insight Conference” on June 05, 2018. Also Globenewswire.com published the news titled: “Recent Analysis Shows ChannelAdvisor, Brookline, Canadian Natural Resources, Suncor Energy, Gerdau SA, and …” on June 08, 2018. Prnewswire.com‘s news article titled: “ChannelAdvisor Joins Amazon Marketplace Developer Council” with publication date: June 11, 2018 was also an interesting one.

ChannelAdvisor Corporation provides software-as-a-service solutions worldwide. The company has market cap of $393.07 million. The Company’s solutions enable its retailer and branded maker clients to integrate, manage, and optimize their merchandise sales on various online channels. It currently has negative earnings. The companyÂ’s suite of solutions include various modules, including Marketplaces module that connects clients to third-party marketplaces; and Digital Marketing module, which connects clients to compare shopping Websites that allow clients to advertise products on search engines.

Analysts await ChannelAdvisor Corporation (NYSE:ECOM) to report earnings on August, 2. They expect $-0.19 EPS, down 26.67% or $0.04 from last year’s $-0.15 per share. After $-0.12 actual EPS reported by ChannelAdvisor Corporation for the previous quarter, Wall Street now forecasts 58.33% negative EPS growth.

The stock increased 1.40% or $0.2 during the last trading session, reaching $14.5. About 89,855 shares traded. ChannelAdvisor Corporation (NYSE:ECOM) has risen 26.09% since June 27, 2017 and is uptrending. It has outperformed by 13.52% the S&P500. Some Historical ECOM News: 19/04/2018 – ChannelAdvisor Partners with Pitney Bowes to Power New Shipping Management Suite; 12/04/2018 – ChannelAdvisor to Webcast Analyst and Investor Meeting on April 19, 2018; 07/03/2018 ChannelAdvisor at Non-Deal Roadshow Hosted By First Analysis; 10/05/2018 – ChannelAdvisor Sees FY18 Rev $129.5M-$131.5M; 19/04/2018 – CHANNELADVISOR 1Q PRELIM TOTAL REV. $31.2M, EST. $29.6M; 10/05/2018 – ChannelAdvisor 1Q Loss/Shr 12c; 10/05/2018 – ChannelAdvisor 1Q Rev $31.4M; 21/04/2018 – DJ Channeladvisor Corporation, Inst Holders, 1Q 2018 (ECOM); 18/04/2018 – ChannelAdvisor Announces New Enhancements Designed to Improve Growth, Profitability and Business Performance; 13/03/2018 – Payoneer Announced as Diamond Sponsor of Catalyst Europe 2018

Among 8 analysts covering ChannelAdvisor (NYSE:ECOM), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. ChannelAdvisor has $18.0 highest and $9.0 lowest target. $14.25’s average target is -1.72% below currents $14.5 stock price. ChannelAdvisor had 26 analyst reports since November 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 2 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, September 15 by Needham. Stifel Nicolaus maintained it with “Buy” rating and $12.0 target in Wednesday, February 14 report. As per Tuesday, February 6, the company rating was upgraded by DA Davidson. The stock has “Buy” rating by Needham on Friday, September 23. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, November 20. The firm earned “Buy” rating on Wednesday, February 14 by Needham. The rating was upgraded by First Analysis to “Buy” on Thursday, August 31. The firm has “Buy” rating given on Monday, April 23 by DA Davidson. The stock of ChannelAdvisor Corporation (NYSE:ECOM) has “Hold” rating given on Monday, October 16 by KeyBanc Capital Markets.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Positions Chart