Yahoo Finance The Zacks Analyst Blog Highlights Comcast, Aon, Trane Technologies, Huntington Bancshares and Teleflex
For Immediate Release
Chicago, IL – January 26, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Comcast Corp. CMCSA, Aon plc AON, Trane Technologies plc TT, Huntington Bancshares Inc. HBAN and Teleflex Inc. TFX.
Here are highlights from Wednesday’s Analyst Blog:
Top Analyst Reports for Comcast, AON and Trane Technologies
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Comcast Corp., Aon plc and Trane Technologies plc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today's research reports here >>>
Shares of Comcast have declined -17.4% over the past year against the Zacks Cable Television industry's decline of -23.1% and the S&P 500 index's -8.9% pullback. The company persistently suffers from video-subscriber attrition due to cord cutting. Moreover, broadband prospects are suffering from increased competition from fixed wireless as well as fiber. Additionally, a leveraged balance sheet is a major concern.
On the positive side, Comcast should continue to benefit from a growing wireless subscriber base as witnessed in the third quarter. Broadband user base increased in the last reported quarter on October 27th (the company is scheduled to report Q4 results on Thursday, January 26th). Comcast's plan to transition to DOCSIS 4.0 is noteworthy. The technology will help it in expanding much faster and at a lower cost compared to competitors.
Recovery in park and movie business bodes well for Comcast's profitability. Its streaming service Peacock is a key catalyst in driving broadband sales. Strong free cash flow generation ability is noteworthy.
(You can read the full research report on Comcast here >>>)
Aon shares have outperformed the Zacks Insurance - Brokerage industry over the past year (+21.2% vs. +14.4%). The company's top line has been growing on buyouts and alliances, which have enhanced its capabilities and made it one of the largest insurance brokers. Solid Reinsurance Solutions and Commercial Risk Solutions segments continue to drive the top line.
Aon has been divesting non-core operations to streamline its business. It expects that focusing on more profitable operations will generate a higher return on equity. Its pooled employer plan has reached the milestone of $1 billion in U.S. assets and commitments.
The company engages in prudent capital deployment. It had around $6.7 billion fund left under its share buyback program as of Sep 30, 2022. Yet, elevated operating costs can put pressure on margins. A debt-laden balance sheet compared with a lower cash balance raises a concern.
(You can read the full research report on Aon here >>>)
Trane Technologies shares have outperformed the Zacks Technology Services industry over the past year (+1.3% vs. -30.4%). The company remains focused on improving the quality of its products and services and operating efficiencies to achieve sustained improvement in earnings and cash flow. It prioritizes improving its business operating system and innovation through business transformation initiatives and prudent investments.
Trane has a track record of repurchasing shares and paying dividends consistently. Such moves instil investor confidence and positively impact the company's bottom line.
However, product and service diversity put's Trane in the face of fierce competition in terms of price, quantity, delivery, service, support, technology and innovation. The company's business experiences seasonal fluctuations in revenues. Lower liquidity remains a concern. Partly due to these headwinds, the stock has declined in the past year.
(You can read the full research report on Trane Technologies here >>>)
Other noteworthy reports we are featuring today include Huntington Bancshares Inc. and Teleflex Inc..
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Comcast Corporation (CMCSA) : Free Stock Analysis Report
Huntington Bancshares Incorporated (HBAN) : Free Stock Analysis Report
Aon plc (AON) : Free Stock Analysis Report
Teleflex Incorporated (TFX) : Free Stock Analysis Report
Trane Technologies plc (TT) : Free Stock Analysis Report
