Why Berkshire Hathaway (BRK.B) Stock Is Gaining Today
NEW YORK (TheStreet) -- Berkshire Hathaway
(BRK.B) shares are up 1.6% to $127.80 on Monday after reporting second quarter earnings of $1.75 that was 9 cents better than analysts were expecting.
Total revenue for Warren Buffett's holding company were up 11.3% over the previous year's quarter to $49.8 billion, led by increases in the company's railroad, utilities, energy, finance and financial products sectors.
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TheStreet Ratings team rates BERKSHIRE HATHAWAY as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:"We rate BERKSHIRE HATHAWAY (BRK.B) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."
BRK.B data by YCharts
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