Vornado, Goldman Sachs: S&P Gainers

NEW YORK ( TheStreet) -- Vornado Realty Trust ( VNO) and Goldman Sachs ( GS) were among the best-performing stocks in the S&P 500 on Monday.

The S&P ticked down 0.69 points, or 0.05%, to 1,369.57 on a mixed day of trading.

Shares of Vornado rose 2.76% to $82.15 on Monday. The real estate investment trust's chairman, Steven Roth, wrote in an annual investor letter that Vornado intends to decrease its enclosed-mall holdings and sell any non-core assets, according to Bloomberg. One of these non-core assets is a stake in Toys R Us.

Roth also noted in that letter that "everything is on the table."

Vornado has an estimated price-to-earnings ratio for next year of 49.64X; the average for industrial and office REITs is 50.07X. For comparison, Boston Properties ( BXP) has a higher forward P/E of 62.32X.

Ten of the 14 analysts who cover Vornado rate it at hold. Three analysts give the stock a buy rating and one rates it sell.

TheStreet Ratings gives Vornado a B- grade with a buy rating and $93.59 price target. The stock has risen 6.88% year to date.

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Goldman Sachs shares increased 2.29% to $117.73. The bank reports its first-quarter results on Tuesday. Analysts, on average, expect earnings of $3.55 a share on revenue of $9.45 billion.

Goldman's forward P/E is 8.77X; the average for its peers is 8.48X. For comparison, both JPMorgan Chase ( JPM) and Morgan Stanley ( MS) have lower forward P/Es of 7.76X and 7.62X, respectively.

Sixteen of the 32 analysts who cover Goldman rate it at hold. Fourteen analysts give the stock a buy rating and two rate it at a sell.

TheStreet Ratings gives Goldman a B- grade with a buy rating and $139.05 price target. The stock has risen 30.2% year to date.


Other top-performing S&P 500 stocks on Monday included:
  • Simon Property Group (SPG): The stock increased 2.69% Monday to $148.64. The stock has risen 15.28% year to date. TheStreet Ratings gives Simon Property Group an A+ grade with a buy rating and $191.27 price target.
  • Kohl's (KSS): The stock rose 2.34% Monday to $50.75. The stock has increased 2.84% year to date. TheStreet Ratings gives Kohl's a B grade with a buy rating and $57.66 price target.
  • GameStop (GME): The stock increased 2.21% Monday to $21.70. The stock has fallen 10.07% year to date. TheStreet Ratings gives GameStop a B grade with a buy rating and $27.34 price target.
  • Micron Technology (MU): The stock rose 2.23% Monday to $7.11. The stock has increased 13.12% year to date. TheStreet Ratings gives Micron Technology a C- grade and hold rating.
  • Owens-Illinois (OI): The stock increased 2.15% Monday to $24.21. The stock has risen 24.92% year to date. TheStreet Ratings gives Owens-Illinois a D+ grade and sell rating.
  • Edison International (EIX): The stock rose 2.09% to $42.44. The stock has increased 2.51% year to date. TheStreet Ratings gives Edison International a B grade with a buy rating and $48.18 price target.
  • Safeway (SWY): The stock increased 2.08% Monday to $21.63. The stock has risen 2.8% year to date. TheStreet Ratings gives Safeway a B grade with a buy rating and $23.87 price target.
  • XL Group (XL): The stock rose 1.97% Monday to $21.22. The stock has increased 7.33% year to date. TheStreet Ratings gives XL Group a C grade and hold rating.

-- Written by Alexandra Zendrian

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