Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.
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For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall research.
The following ratings changes were generated on May 14.
(AVX - Get Report)
, which manufactures passive electronic components and related products, has been upgraded to buy. For the fourth quarter, revenue grew 7% year over year to $405.9 million, while earnings per share declined to 21 cents from 25 cents. For 2008, the market is expecting a contraction in full-year EPS to 86 cents from 88 cents in 2007. Gross profit margin is rather low at 18%. At 8.8%, net profit margin exceeds the industry average. Shares have fallen 28% in the past year, netting the stock a price-to-earnings ratio of 14.95, which places it at a discount to others in its industry. AVX Corp. had been rated hold since March 18.