This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TSC Ratings' Updates: Celgene

Stock quotes in this article: CELG, HOTT, ADPT

We've initiated coverage of Shinhan Financial Group (SHG), which offers various financial products and services to corporations, governments, institutions and individuals, at sell. This rating is driven by the generally disappointing historical performance in the stock itself.

Net income decreased by 12.7% since the year-ago quarter, from $184.9 million to $161.3 million. ROE slightly decreased, implying a minor weakness in the organization. EPS improved by 15.5% year over year, and though the company has reported volatile earnings recently, we feel it is poised for EPS growth in the coming year.

Shares are down 71.2% over the past year, underperforming the S&P 500. Naturally, the overall market trend is bound to be a significant factor, and in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.

Other ratings changes included Forest Oil (FST), downgraded from hold to sell; FBL Financial Group (FFG), downgraded from hold to sell; and Cephalon (CEPH), downgraded from buy to hold.

All ratings changes generated on Feb. 24 are listed below.

Ticker
Company
Current
Change
Previous
ADG
Allied Defense Group
HOLD
Upgrade
SELL
ADPT
Adaptec
SELL
Downgrade
HOLD
AHC
A. H. Belo
SELL
Initiated
AVSO
Avatech Solutions
SELL
Downgrade
HOLD
CELG
Celgene
SELL
Downgrade
HOLD
CEPH
Cephalon
HOLD
Downgrade
BUY
DDR
Developers Diversified Realty
SELL
Downgrade
HOLD
EBSB
Meridian Interstate Bancorp
SELL
Initiated
FFG
FBL Financial Group
SELL
Downgrade
HOLD
FMER
FirstMerit
HOLD
Downgrade
BUY
FST
Forest Oil
SELL
Downgrade
HOLD
HOTT
Hot Topic
BUY
Upgrade
HOLD
HS
HealthSpring
HOLD
Downgrade
BUY
LQDT
Liquidity Services
HOLD
Upgrade
SELL
PNFP
Pinnacle Financial Partners
HOLD
Downgrade
BUY
SDTH
Shengdatech
SELL
Downgrade
HOLD
SHG
Shinhan Financial Group
SELL
Initiated
VIV
Vivo Participacoes
HOLD
Upgrade
SELL
WEYS
Weyco Group
HOLD
Downgrade
BUY

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.

While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective elements include volatility of past operating revenue, financial strength and company cash flows.

However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments and competitive dynamics that may affect the company.

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.

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,810.10 -232.80 -1.37%
S&P 500 1,949.57 -22.72 -1.15%
NASDAQ 4,426.4710 -66.9190 -1.49%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs