Disney, Texas Instruments: Ratings Changes

Disney, Texas Instruments, Anadarko Petroleum and Analog Devices had their ratings changed at TheStreet.
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BOSTON (TheStreet) -- Disney (DIS) - Get Report, Texas Instruments (TXN) - Get Report, Anadarko Petroleum (APC) - Get Report and Analog Devices (ADI) - Get Report were upgraded by TheStreet's stock model.

The model upgraded semiconductor maker Analog Devices to "buy."

Quarter

: Fiscal first-quarter profit nearly quintupled to $120 million, or 39 cents a share, as revenue grew 27%. The operating margin widened from 13% to 27%. Analog Devices has $2.2 billion of cash, equal to a quick ratio of 5.5, and $381 million of debt.

Stock

: Analog Devices has risen 32% during the past year, beating the

S&P 500 Index

. It trades at a PEG ratio, a measure of value relative to expected long-term growth, of 0.2, an 80% discount to its estimated fair value. It's expensive based on sales.

Consensus

: Of analysts covering Analog Devices, 18, or 69%, advise purchasing its shares, seven recommend holding and one suggests selling them.

Citigroup

(C) - Get Report

expects the stock to gain 37% to $40.

Raymond James

(RJF) - Get Report

believes it will hit $28.50.

The model upgraded oil-and-gas explorer Anadarko Petroleum to "buy."

Quarter

: Anadarko swung to a first-quarter profit of $716 million, or $1.43, from a loss of $338 million, or 73 cents, a year earlier. Revenue doubled. The operating margin turned positive. Anadarko has $3.7 billion of cash and $13 billion of long-term debt.

Stock

: Anadarko has advanced 34% during the past 12 months, more than the

Dow Jones Industrial Average

and S&P 500. It sells for a price-to-book ratio of 1.5, a 99% discount to its peer average. It's expensive based on projected earnings and sales.

Consensus

: Of researchers following Anadarko, 19, or 66%, rate its stock "buy," nine rate it "hold" and one ranks it "sell."

Sanford Bernstein

offers a price target of $100, leaving a potential 55% return.

Bank of America

(BAC) - Get Report

foresees the shares at $90.

The model upgraded semiconductor maker Texas Instruments to "buy."

Quarter

: First-quarter profit rose to $658 million, or 52 cents, from $17 million, or 1 cent, a year earlier. Revenue soared 53%. The operating margin expanded from 5.5% to 30%. Texas Instruments has $2.8 billion of cash, equal to a quick ratio of 2.5, and no debt.

Stock

: Texas Instruments has appreciated 39% during the past year, outperforming U.S. indices. It trades at a price-to-projected-earnings ratio of 11 and a price-to-cash-flow ratio of 11, 32% and 57% discounts to industry averages. It's also cheap based on sales.

Consensus

: Of firms rating Texas Instruments, 24, or 59%, advocate purchasing its shares, 15 recommend holding and two suggest selling them.

Jefferies

(JEF) - Get Report

predicts that the stock will climb 45% to $37.

Thomas Weisel

(TWPG)

expects it to touch $36.

The model upgraded entertainment company Disney to "buy."

Quarter

: Fiscal first-quarter profit declined marginally to $844 million, or 44 cents, as revenue inched up to $9.7 billion. The operating margin stretched from 13% to 15%. Disney has $3.2 billion of cash and $14 billion of debt, equal to a debt-to-equity ratio of 0.4.

Stock

: Disney has surged 60% during the past 12 months, outpacing U.S. benchmarks. It sells for a price-to-book ratio of 2 and a price-to-cash-flow ratio of 12, 50% and 26% discounts to peer averages. It's also cheap based on projected earnings and sales.

Consensus

: Of analysts covering Disney, 16, or 46%, advise purchasing its shares, 13 suggest holding and three say to sell them.

Oppenheimer & Co.

offers a target of $46, leaving 26% of potential upside.

Morgan Stanley

(MS) - Get Report

projects a price of $42.

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Ratings Upgrades Portfolio

and

Ratings Downgrades Portfolio

-- Reported by Jake Lynch in Boston.