Geode Capital Management Cut Its Ddr (DDR) Holding; 4 Bullish Analysts Covering Corus Entertainment Inc. (TSE:CJR.B)

February 21, 2018 - By Clifton Ray

Among 6 analysts covering Corus Entertainment Inc. (TSE:CJR.B), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Corus Entertainment Inc. had 29 analyst reports since August 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, January 12 by Scotia Capital. As per Thursday, January 5, the company rating was maintained by TD Securities. On Friday, April 7 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Sector Perform” rating given on Tuesday, June 27 by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, March 30 by Scotia Capital. The rating was maintained by RBC Capital Markets on Thursday, October 20 with “Sector Perform”. As per Friday, October 20, the company rating was upgraded by National Bank Canada. Scotia Capital maintained Corus Entertainment Inc. (TSE:CJR.B) rating on Friday, April 7. Scotia Capital has “Outperform” rating and $15.50 target. The rating was downgraded by National Bank Canada to “Sector Perform” on Friday, June 24. RBC Capital Markets maintained Corus Entertainment Inc. (TSE:CJR.B) rating on Tuesday, April 4. RBC Capital Markets has “Sector Perform” rating and $13 target. See Corus Entertainment Inc. (TSE:CJR.B) latest ratings:

20/10/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $13.50 New Target: $12.50 Target Down
20/10/2017 Broker: IBC Rating: Old Target: $13.50 New Target: $13.00 Target Down
20/10/2017 Broker: National Bank Canada Old Rating: Sector Perform New Rating: Outperform Old Target: $12.50 New Target: $13.00 Upgrade
20/10/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $13.00 New Target: $12.00 Target Down
20/10/2017 Broker: Scotia Capital Rating: Outperform Old Target: $15.00 New Target: $14.00 Target Down
20/10/2017 Broker: TD Securities Rating: Buy Old Target: $17.00 New Target: $16.00 Target Down
06/10/2017 Broker: Desjardins Securities Rating: Buy New Target: $15.00 Maintain

Geode Capital Management Llc decreased Ddr Corp (DDR) stake by 1.42% reported in 2017Q3 SEC filing. Geode Capital Management Llc sold 44,491 shares as Ddr Corp (DDR)’s stock declined 35.61%. The Geode Capital Management Llc holds 3.08M shares with $28.24 million value, down from 3.13M last quarter. Ddr Corp now has $2.71 billion valuation. The stock decreased 2.58% or $0.2 during the last trading session, reaching $7.38. About 4.44M shares traded. DDR Corp. (NYSE:DDR) has declined 44.53% since February 21, 2017 and is downtrending. It has underperformed by 61.23% the S&P500.

Analysts await DDR Corp. (NYSE:DDR) to report earnings on April, 24. They expect $0.15 earnings per share, down 50.00% or $0.15 from last year’s $0.3 per share. DDR’s profit will be $55.08M for 12.30 P/E if the $0.15 EPS becomes a reality. After $0.28 actual earnings per share reported by DDR Corp. for the previous quarter, Wall Street now forecasts -46.43% negative EPS growth.

Geode Capital Management Llc increased Balchem Corp (NASDAQ:BCPC) stake by 9,805 shares to 281,824 valued at $22.91M in 2017Q3. It also upped Verizon Communications Inc (NYSE:VZ) stake by 878,719 shares and now owns 39.85M shares. Intl Flavors & Fragrances (NYSE:IFF) was raised too.

Among 23 analysts covering Developers Diversified Realty (NYSE:DDR), 4 have Buy rating, 2 Sell and 17 Hold. Therefore 17% are positive. Developers Diversified Realty had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Evercore on Tuesday, September 8. The stock has “Hold” rating by Jefferies on Tuesday, January 12. The stock has “Underperform” rating by Mizuho on Monday, July 11. As per Monday, July 24, the company rating was maintained by Jefferies. The stock of DDR Corp. (NYSE:DDR) has “Hold” rating given on Monday, December 18 by Mizuho. As per Friday, January 22, the company rating was downgraded by Suntrust Robinson. The rating was maintained by Boenning & Scattergood with “Hold” on Thursday, July 27. Sandler O’Neill downgraded the shares of DDR in report on Monday, March 13 to “Hold” rating. The rating was upgraded by UBS on Thursday, March 23 to “Neutral”. Jefferies maintained DDR Corp. (NYSE:DDR) rating on Monday, May 29. Jefferies has “Hold” rating and $13 target.

Investors sentiment increased to 1.34 in Q3 2017. Its up 0.18, from 1.16 in 2017Q2. It is positive, as 18 investors sold DDR shares while 74 reduced holdings. 42 funds opened positions while 81 raised stakes. 284.96 million shares or 0.36% more from 283.95 million shares in 2017Q2 were reported. Employees Retirement Of Texas owns 406,400 shares. California State Teachers Retirement Systems has invested 0.01% of its portfolio in DDR Corp. (NYSE:DDR). Strs Ohio has invested 0.02% of its portfolio in DDR Corp. (NYSE:DDR). Goodwin Daniel L holds 53,750 shares. Jacobs Levy Equity Mngmt Incorporated holds 658,876 shares or 0.12% of its portfolio. Moreover, Great West Life Assurance Can has 0% invested in DDR Corp. (NYSE:DDR). Vanguard Gru has 49.09 million shares for 0.02% of their portfolio. The Texas-based Qcm Cayman Limited has invested 0.44% in DDR Corp. (NYSE:DDR). Waterfront Ptnrs Limited Liability Com reported 619,356 shares stake. Cutter & Brokerage holds 0.04% of its portfolio in DDR Corp. (NYSE:DDR) for 11,500 shares. Bessemer Gp holds 1,678 shares or 0% of its portfolio. 42,100 were accumulated by Eii Mngmt Inc. Wetherby Asset Mgmt Inc holds 0.02% of its portfolio in DDR Corp. (NYSE:DDR) for 13,808 shares. Pacad Investment Ltd holds 38,216 shares or 0.08% of its portfolio. Stratos Wealth Partners Ltd reported 14,333 shares stake.

Corus Entertainment Inc., a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. The company has market cap of $1.69 billion. It operates through two divisions, Television and Radio. It has a 8.35 P/E ratio. The Television segment operates 45 specialty television networks and 15 conventional television stations.

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