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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about e.l.f. Beauty ELF.

e.l.f. Beauty currently has an average brokerage recommendation of 1.38, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 1.38 approximates between Strong Buy and Buy.

Of the 16 recommendations that derive the current ABR, 13 are Strong Buy, representing 81.3% of all recommendations.

Brokerage Recommendation Trends for ELF

While the ABR calls for buying e.l.f. Beauty, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every “Strong Sell” recommendation, brokerage firms assign five “Strong Buy” recommendations.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock’s future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock’s near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

ABR Should Not Be Confused With Zacks Rank

Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers — 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company’s changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Should You Invest in ELF?

Looking at the earnings estimate revisions for e.l.f. Beauty, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.53.

Analysts’ steady views regarding the company’s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for e.l.f. Beauty.

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for e.l.f. Beauty.

To read this article on Zacks.com click here.

• The stock market is the most expensive it’s been in decades, the billionaire David Einhorn says.

• His firm, Greenlight Capital, said Warren Buffett’s stock sales show now isn’t the time for high equity exposure.

• Greenlight said even non-tech stocks were trading 30 to 50 times earnings.

Investors are fueling what looks like the most expensive stock market in decades, the billionaire investor David Einhorn wrote in his hedge fund’s quarterly letter. Just consider the fact that Warren Buffett is cashing out of the bull run, it said.

The Greenlight Capital letter said equities were the most overvalued since the firm’s founding in 1996.

Now is probably not a good time for high equity exposure, the fund added, citing Buffett’s stock sales to make this point.

“While Mr. Buffett routinely points out that it is impossible to time the market, we can’t help but observe that he has been one of the best market timers we have ever seen,” Greenlight said.

The famed Berkshire Hathaway investor has been slashing equity positions and electing to hold cash on the sidelines. By mid-August, Buffett had garnered a record cash pile of $189 billion, and he has since continued to take profits on successful stocks.

Though Greenlight didn’t interpret Buffett’s actions as a prediction of a coming crash, it noted that the “Oracle of Omaha” has a talent for reducing exposure at the right time. For instance, the letter said, Buffett closed his fund before the market became too frothy in the 1960s and sold off his holdings ahead of the 1987 crash.

“One could argue that sitting out bear markets has been the underappreciated reason for his outstanding long-term returns,” the letter said. “It is therefore noteworthy to observe that Mr. Buffett is again selling large swaths of his stock portfolio and building enormous cash reserves.”

Greenlight said these sales signaled it might be best for high equity exposure to be held off until a better opportunity emerges in the not-so-distant future.

That’s not to say the market is in a bubble, the firm said. It did note, however, that elevated price-to-earnings ratios are concerning despite cyclical highs in corporate earnings and that dividend yields are also low.

While other market observers have also noted the market’s expensiveness, Greenlight said the problem went beyond the “nosebleed valuations” of high-profile tech stocks. The letter said that even mature, industrial names exposed to cyclical and growth opportunities were trading 30 to 50 times earnings.

Story continues

Greenlight is trading based on these concerns — it disclosed that it was conservatively positioned with “very low exposure to equity beta.” The fund reported a third-quarter return of 1.1%, compared with the S&P 500‘s 5.9% gains.

But the firm said it wasn’t an outright bear. Though it said it expected to continue underperforming the rising market for now, its investments in gold and Green Brick Partners were cited as its significant winners this quarter.

Read the original article on Business Insider

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Gondia, India, Oct. 17, 2024 (GLOBE NEWSWIRE) — Latest research report published by IMIR Market Research, the market is majorly driven by rising demand for sustainable packaging solutions. Global Molded Pulp Packaging Market Size, Share & Trends Analysis Report by Molded Type (Thick Wall, Transfer Molded, Thermoformed Fiber, Processed Pulp), by Source (Wood pulp, Non wood pulp), by Product (Food, Trays, Clamshells, Cups, Plates, Bowls, Others), by End Use (Food Packaging, Food Service Disposables, Electronics, Healthcare, Industrial, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD Billion) for the above segments.

Key Players and Competitor

A number of local and international players are making the market more competitive. There are over 8,000 large scale manufacturer for the molded pulp packaging across the globe. Some of the well-known international players are Molpack Corporation Ltd, YFY Jupiter, Pacific Pulp Molding, Best Plus Pulp Co, Enviropak, Hartmann, Smurfit Kappa, Western Pulp Products Company, Alta Global Inc, CMPC, Huhtamaki Ltd, Stora Enso, DS Smith,Sonoco Products Company. These companies are focused on product innovation and sustainability to capture larger market shares and meet evolving consumer preferences.

To get the Detailed Data and Market Buy Full Report Now: https://www.intellectualmarketinsights.com/checkout/IMI-001345?currency=2

Being produced from recycled paper and other natural fibers the global molded pulp packaging market is expected to gain huge demand in near future. Rising concern about the plastic waste products, led to gaining the momentum for the preferred alternative to plastic and other non- biodegradable materials will drive the market growth. Government regulations and increasing awareness will fuel the molded pulp packaging market growth.

Innovation is the key to success, thus a number of manufacturers are involved in enhancing the flexibility, durability, and water resistant property of the material creating a new opportunity for other sectors apart from food. Customized packaging solution for the premium products especially in industries such as cosmetics and personal care will open new opportunities. Continuous expansion of the e-commerce, need for sustainable, protective, and recyclable packaging solutions is surging across the developing countries in Asia Pacific and Latin America will attract the investments owing to the presence of huge untapped market.

The global molded pulp packaging market is segmented on the basis of raw material, molded type, source, product and application.

On the basis of application, the global molded pulp packaging market is segmented into food & beverages, healthcare, electronics, and others. Food & beverages accounts for the major share in the market and is expected to remain largest segment by 2032. Companies are increasingly adopting molded pulp for packaging eggs, fruits, trays, and beverage carriers due to its biodegradability and protective characteristics.

Get a Sample PDF Brochure: https://www.intellectualmarketinsights.com/download-sample/IMI-001345

As per the findings of IMIR Market Research, Asia Pacific dominates the global molded pulp packaging market coupled with the fastest growth during the forecast period of 2024-2032. Presence of Developing economies like India, China, and South East Asian countries have boosted the demand for the molded pulp packaging solutions. According to the China National Resources Recycling Association, Europe and North America product 19% and 18% of the plastic waste respectively. Whereas, in 2020, China alone product over 60 million tonnes plastic waste where, only 16 million tonnes are recycled which has led to increase the concern regarding the waste management. Continuously rising population, rising plastic waste concern and increasing demand from food sector has driven the molded pulp packaging market in Asia Pacific.

 North America and Europe are focusing on investments in order to minimize the manufacturing cost of the products. High awareness, stringent regulations, spending capacity, and adoption of the products will drive the market in this region.

 To understand the Detailed Country and Regional Market Trend, Visit: https://www.intellectualmarketinsights.com/methodologies/IMI-001345

Market Segmentations

• By Raw Material
  • Recycled Paper
  • Virgin Pulp
  • Hybrid Pulp
• By Molded Type
  • Thick Wall
  • Transfer Molded
  • Thermoformed Fiber
  • Processed Pulp
• By Source
• By Product
  • Food Trays
  • Clamshells
  • Cups and Plates
  • Bowls
  • Others
• By Application
  • Food & Beverages
  • Healthcare
  • Electronics
  • Others

What is included in the report? 

• Our in-depth market research study on global molded pulp packaging market includes: 
• Data for over 20 country covering current and historical supply-demand assessment wherein market value and volume will be represented in USD Mn and Tonnes respectively
• Market Opportunities, Drivers, Restraint, and Trends across different regions
• Raw Material Analysis, Value Chain Analysis, Pricing Analysis, and Untapped Revenue Opportunity Analysis
• Competitive Landscape including Market Share Analysis, Company Profiling, Product Heat Map Analysis, Key Winning Strategies and others
• List of Buyers for Each Application Segments (Including Name, Email Address, Contact Details, Website)
• List of Raw Material Suppliers (Including Name, Email Address, Contact Details, Website)
• Detailed Data on Manufacturing Technology and Cost Structure Analysis along with the list of the regional machinery suppliers
• Macroeconomic Indicators, Microeconomic Indicators, Future Growth Prospects, Supply Chain Analysis, and many more

North America

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Access the Full Report: https://www.intellectualmarketinsights.com/report/molded-pulp-packaging-market-size-and-trends/imi-001345

About Us IMIR Market Research Pvt Ltd.

Website: https://www.intellectualmarketinsights.com/ 

IMIR Market Research is a market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including, Semiconductor, aerospace, Automation, Agriculture, Food & Beverages, Automotive, Chemicals and Materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports.
IMIR has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact us:
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Managing Director: Digvijay Chakravarty |
Email: digvijay.c@intellectualmarketinsights.com
Call us: +1 (814) 487 8486, +919764079503

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Westford, US, Oct. 17, 2024 (GLOBE NEWSWIRE) — The global asset performance management market size was valued at $2.90 Billion in 2023 and expected to reach $6.17 Billion by 2031, growing at a CAGR of 9.9%  from 2024 to 2031. The market is expected to grow significantly during the forecast period due to the rising demand for digital solutions across industries, such as oil & gas, manufacturing and chemicals, and others to curb operational expenses. APM system helps collect all forms of data from all forms of assets, such as machinery, heavy equipment and so on using sensors. The APM system, with the help of its data analysis software, interchanges between any facilities data.

An analytics platform is created for customers to best demonstrate all operational assets. They help by keeping all this information out to users, allowing them to streamline asset management processes and analyze which assets require priority maintenance. The APM system uses mobile solutions and geographic information system solutions among others, which are enabling few efficient use cases of the APM systems that drive the market. Another biggest driver is that APM systems in the market leverage industrial internet of things which provide equipment reliability as the fundamental capabilities of the APM systems. This is increasingly attracting the industrial sectors.

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Browse in-depth TOC on the “Asset Performance Management Market”      Pages – 197, Tables – 95, Figures – 76      

Asset Performance Management Market Overview:      

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Increasing Adoption of Asset Management Software to Improve Performance of Company Assets

It should be noted that the market is driven by the rapid uptake of asset management software and the increasing importance of asset tracking. Infrastructure support is essential for asset-intensive industries to ensure optimal performance of their asset base. Old tracking methods such as manual handling or incurring excel sheets are not capable of tracking the asset of a vast company. Besides, the asset tracking field is becoming more complex with the availability of higher industrial sensors, digital twin, and complex OT. In addition, with the growth of asset systems, such as mechanical and neural networks are being utilized for their automation. The systems use machine learning, statistical modeling tools, and algorithms to provide a comprehensive analysis of asset behavior, estimate labor safety and environment risks, and provide real-time insight. Furthermore, the hosted systems segment, especially public cloud offers huge benefits, such as the availability of abundant computing resources and the ability to scale up or down.

Growing Usage of Cloud-Based Asset Performance Management Services to Reduce Expenses of Asset Management

The market observes the increasing adoption of cloud-based asset performance management services. The use of cloud computing solutions to support the infrastructure has also become more popular among asset-intensive industries because of their flexibility and the reduction of costs. One of the applications of these solutions is the deployment of the digital twin technology. A digital twin is a 3D image of an asset that demonstrates its behavior, which is imitated through combined use of the asset’s sensors and industrial neural networks. Using machine learning algorithms and statistical modeling systems, risk-based inspection technologies may leverage efficiency of operational technology to decrease human labor safety and environmental risks. Furthermore, the hosted clouds systems segment provided by public clouds offer adequate computational resources to monitor asset performance and employ predictive maintenance in real-time. Cloud-based asset performance management systems guarantee immediate access to crucial data, which allows to track assets and the liquidity of reserves and make informed decisions.

Increasing Demand for Digital Transformation to Boost Market Growth in North America

Growing adoption of Industrial Internet of Things and rise in the use of Artificial Intelligence and other smart connected devices are the two factors driving the growth of North America asset performance management market. Additionally, the region increased its IT budget as there has been a rising demand for digital transformation from a lot of end users and developers in the convergence of different technologies, such as cloud computing and artificial intelligence. Also, the IT budget increased due to an increasing need to control heavy machinery because higher production has been happening in the industry.

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Asset Performance Management Market Insights

Driver

• Increasing popularity of asset management to monitor assets of companies
• Growing investments in asset management software by market leaders
• Increasing necessity to increase the economic returns on assets

Restraints

• Lack of understanding while choosing appropriate asset solutions
• Lack of skill among employees
• Increasing concern over data security and confidentiality

Key Players Operating in Asset Performance Management Market

• AVEVA (UK)
• SAP (Germany)
• GE Digital (US)
• IBM (US)
• ABB (Switzerland)
• Emerson (US)
• Bentley Systems (US)
• Rockwell Automation (US)
• Fluke (US)
• DNV (Norway)
• Siemens Energy (Germany)

Key Questions Answered in Asset Performance Management Market

• Which is the main factor driving the market?
• Who are the key players in the market?
• Which is the dominating region in the market?

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