Citigroup Seems to Have Gained Confidence In Stagecoach Group, Upgraded The Stock

Stagecoach Group Was Upgraded By Citigroup

Stagecoach Group (SGC), the firm that provides transportation services was just upgraded by the analysts at the UK’s branch of Citigroup to the solid “Buy” rating in today’s report disclosed to customers. The firm’s analysts currently have a GBX 155.00 target on the stock. Citigroup’s target translates into a potential 20% upside for the UK listed company.

The investment sentiment of the firm increased to 1.58 in Q4 2018 based on all institutional investors that released regulatory fillings. Its up by 0.26, from the 1.32 in the Q3 of 2018. The increase is as a result of 7 new funds opening a position as well as 23 funds that raised stakes in Stagecoach Group. Just only 12 reduced the stake. Over 5 million shares were owned and reported by these institutional investors.

64,091 shares are owned by Perritt. Geode Capital reduced the stake 83,063 shares  invested in Stagecoach Group plc (LON:SGC). Millennium Limited Liability has invested 0.2% in Stagecoach Group plc (LON:SGC). New York State Common Retirement Fund holds 10,200 shares in its portfolio. Employees Retirement Of Ohio stated it has 56,700 shares or 0.01%. Royal State Bank Of Canada has under 0.1% stake in Stagecoach Group (LON:SGC). First Manhattan holds 0.01% in Stagecoach Group or 118,265 shares. Menta Capital owns 0.18% or 27,397 shares in its portfolio. Pnc Financial Services Gru holds also a very small stake of 5,732 shares in its portfolio. Blackrock, New York-based fund reported 542,623 shares.

Since December 15, 2018, the stock had 0 insider buys, and 2 insider sales for $89,827 activity. $36,500 worth of Stagecoach Group plc (LON:SGC) was sold by Alpert Jordan M. The insider activity is too little to draw any conclusions yet. Investors are waiting to see what the next insider trades will be.

Wall Street investors expect Stagecoach to release its earnings on May, 1. Analyst expectations are for $0.24 EPS, up 50.00 % or $0.08 from 2018’s $0.16 per share. Stagecoach income will be $1.37 million giving it the super high 134.69 P/E if the $0.24 EPS is correct. After $0.30 actual earnings per share reported by Stagecoach Group plc for the previous quarter, Wall Street now forecasts 20% EPS decline.

Stagecoach Group plc (LON:SGC) Ratings Coverage

Out of six analysts having rating on Stagecoach Group PLC (LON:SGC), just two have Buy rating, one Sell and three Hold. That means just 33% are positive the company’s prospects. Stagecoach Group has GBX 190 as highest target and GBX 125 for lowest target. GBX 153.67’s average target is 18.85% above the current GBX 129.3 stock price. Stagecoach Group’s rating was reviewed in a total of 20 analyst reports since December 2018 according to our ratings database.

The stock price of Stagecoach went up by 6.24% or GBX 7.6 during the last trading session, reaching GBX 129.3. About 435k shares traded hands. It has under-performed the FTSE.

Stagecoach Group plc, together with its subsidiaries, provides public transportation services in the United Kingdom, mainland Europe, the United States, and Canada. The company has market cap of 740.24 million GBP. It operates through four divisions: UK Bus , UK Bus (London), North America, and UK Rail. It currently has negative earnings. The firm offers bus, coach, train, and tram services.

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