Guggenheim Reconfirms $72.0000 Price Target On Merck & Company (MRK), Reconfirms Buy Rating; Last Week Telenav, Inc. (TNAV) Coverage

April 17, 2018 - By Adrian Mccoy

Telenav, Inc. (NASDAQ:TNAV) Logo

Among 5 analysts covering Telenav (NASDAQ:TNAV), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Telenav had 7 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Telenav, Inc. (NASDAQ:TNAV) has “Outperform” rating given on Monday, October 17 by FBR Capital. The rating was maintained by Northland Capital on Monday, July 10 with “Buy”. B. Riley & Co initiated the shares of TNAV in report on Monday, August 24 with “Buy” rating. On Thursday, December 21 the stock rating was maintained by Craig Hallum with “Buy”. Sidoti downgraded the stock to “Neutral” rating in Friday, January 20 report. See Telenav, Inc. (NASDAQ:TNAV) latest ratings:

21/12/2017 Broker: Craig Hallum Rating: Buy New Target: $9.0 Maintain
20/12/2017 Broker: FBR Capital Rating: Buy New Target: $9.5
30/10/2017 Broker: B. Riley & Co Rating: Buy New Target: $11.0

Guggenheim currently has a $72.0000 PT on the $160.03B market cap company or 21.15% upside potential. In a research report revealed to investors on 17 April, Merck & Company (NYSE:MRK) stock had its Buy Rating reconfirmed by stock research analysts at Guggenheim.

It closed at $5.25 lastly. It is down 37.95% since April 17, 2017 and is downtrending. It has underperformed by 49.50% the S&P500.

Telenav, Inc., together with its subsidiaries provides connected car and location platform services in the United States and internationally. The company has market cap of $233.90 million. The firm operates through three divisions: Automotive, Advertising, and Mobile Navigation. It currently has negative earnings. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and mobile phone wireless connectivity and brought-in navigation services.

Investors sentiment increased to 1.56 in 2017 Q4. Its up 0.75, from 0.81 in 2017Q3. It improved, as 9 investors sold Telenav, Inc. shares while 16 reduced holdings. 16 funds opened positions while 23 raised stakes. 17.70 million shares or 1.84% more from 17.38 million shares in 2017Q3 were reported. National Bank & Trust Of Montreal Can invested in 748 shares or 0% of the stock. Moreover, Vanguard Grp has 0% invested in Telenav, Inc. (NASDAQ:TNAV). Dimensional Fund Limited Partnership reported 0% stake. Citadel Limited Liability Co invested 0% of its portfolio in Telenav, Inc. (NASDAQ:TNAV). Mufg Americas Hldg has invested 0% in Telenav, Inc. (NASDAQ:TNAV). Jacobs Levy Equity Mngmt owns 99,324 shares for 0.01% of their portfolio. Nokomis Ltd Liability holds 4.50 million shares or 5.6% of its portfolio. Geode Capital Mngmt Limited Liability Company has invested 0% in Telenav, Inc. (NASDAQ:TNAV). 22,179 are owned by Ameriprise Financial. Tiaa Cref Invest Mngmt Limited Liability, a New York-based fund reported 103,361 shares. Manufacturers Life Insur The invested 0% in Telenav, Inc. (NASDAQ:TNAV). Renaissance Technology Ltd Llc invested in 429,400 shares or 0% of the stock. Grp One Trading Ltd Partnership stated it has 0% in Telenav, Inc. (NASDAQ:TNAV). Deutsche Bankshares Ag accumulated 82,258 shares. Ny State Common Retirement Fund holds 0% in Telenav, Inc. (NASDAQ:TNAV) or 377,405 shares.

Since February 6, 2018, it had 2 buys, and 0 selling transactions for $163,827 activity. $50,650 worth of Telenav, Inc. (NASDAQ:TNAV) was bought by Jin H.P. on Tuesday, February 6.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 20 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Merck & Co. Inc. has $7400 highest and $50 lowest target. $65.28’s average target is 9.84% above currents $59.43 stock price. Merck & Co. Inc. had 85 analyst reports since August 13, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $51 target in Tuesday, March 15 report. The stock of Merck & Co., Inc. (NYSE:MRK) earned “Overweight” rating by Barclays Capital on Thursday, April 5. The rating was maintained by Jefferies on Thursday, November 16 with “Hold”. The stock of Merck & Co., Inc. (NYSE:MRK) has “Hold” rating given on Monday, February 26 by Jefferies. Piper Jaffray upgraded Merck & Co., Inc. (NYSE:MRK) on Thursday, January 12 to “Overweight” rating. The rating was upgraded by BNP Paribas to “Outperform” on Tuesday, August 18. Jefferies maintained Merck & Co., Inc. (NYSE:MRK) on Friday, October 20 with “Sell” rating. The firm has “Buy” rating by Bank of America given on Thursday, October 13. The firm has “Buy” rating given on Wednesday, April 6 by Societe Generale. BMO Capital Markets maintained Merck & Co., Inc. (NYSE:MRK) on Friday, July 28 with “Buy” rating.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on May, 1 before the open. They expect $0.99 EPS, up 12.50% or $0.11 from last year’s $0.88 per share. MRK’s profit will be $2.67 billion for 15.01 P/E if the $0.99 EPS becomes a reality. After $0.98 actual EPS reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts 1.02% EPS growth.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.12, from 1.06 in 2017Q3. It dived, as 94 investors sold Merck & Co., Inc. shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Johnson Finance Group Incorporated Inc owns 39,070 shares. Bollard Gru Lc holds 0.25% in Merck & Co., Inc. (NYSE:MRK) or 91,651 shares. Osterweis Capital Mngmt Inc reported 0.05% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Carnegie Capital Asset Mngmt Ltd Liability Corporation accumulated 0.14% or 29,177 shares. Inverness Counsel Ltd Liability holds 55,121 shares. North Star Corp holds 0.34% or 49,548 shares. Lord Abbett & Ltd holds 0.23% or 1.45 million shares in its portfolio. Linscomb And Williams owns 81,082 shares for 0.37% of their portfolio. Morgan Stanley stated it has 14.38 million shares. Bancorp holds 0.59% or 97,311 shares in its portfolio. 31,729 were accumulated by Altfest L J And. The Michigan-based Aspen has invested 0.29% in Merck & Co., Inc. (NYSE:MRK). Lsv Asset Management reported 9.61 million shares or 0.85% of all its holdings. Mendel Money Mngmt has invested 0.2% in Merck & Co., Inc. (NYSE:MRK). First Washington has invested 0.01% in Merck & Co., Inc. (NYSE:MRK).

The stock increased 1.33% or $0.78 during the last trading session, reaching $59.43. About 8.22M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since April 17, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Telenav, Inc. (NASDAQ:TNAV) Institutional Positions Chart

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