TheStreet Ratings Top 10 Rating Changes

NEW YORK ( TheStreet Ratings) -- Every trading day TheStreet Ratings' stock model reviews the investment ratings on around 4,300 U.S. traded stocks for potential upgrades or downgrades based on the latest available financial results and trading activity.

TheStreet Ratings released rating changes on 52 U.S. common stocks for week ending April 19, 2013. 18 stocks were upgraded and 34 stocks were downgraded by our stock model.

Rating Change #10

Deutsche Bank AG ( DB) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Capital Markets industry. The net income has significantly decreased by 320541.4% when compared to the same quarter one year ago, falling from $1.02 million to -$3,258.89 million.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Capital Markets industry and the overall market on the basis of return on equity, DEUTSCHE BANK AG underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • Net operating cash flow has significantly decreased to -$12,030.04 million or 163.51% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • This stock's share value has moved by only 14.71% over the past year. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
  • DEUTSCHE BANK AG's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, DEUTSCHE BANK AG reported lower earnings of $0.23 versus $5.55 in the prior year. This year, the market expects an improvement in earnings ($5.24 versus $0.23).
.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services. The company has a P/E ratio of 124.9, above the S&P 500 P/E ratio of 17.7. Deutsche has a market cap of $38.29 billion and is part of the financial sector and banking industry. Shares are down 10.8% year to date as of the close of trading on Thursday.

You can view the full Deutsche Ratings Report or get investment ideas from our investment research center.

Rating Change #9

Joy Global Inc ( JOY) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 12.5%. Since the same quarter one year prior, revenues slightly increased by 1.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • The current debt-to-equity ratio, 0.50, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.82 is somewhat weak and could be cause for future problems.
  • JOY's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 29.96%, which is also worse than the performance of the S&P 500 Index. Naturally, the overall market trend is bound to be a significant factor. However, 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.
  • The gross profit margin for JOY GLOBAL INC is currently lower than what is desirable, coming in at 34.50%. It has decreased from the same quarter the previous year. Regardless of the weak results of the gross profit margin, the net profit margin of 12.36% is above that of the industry average.
.

Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The company has a P/E ratio of 40.8, above the S&P 500 P/E ratio of 17.7. Joy Global has a market cap of $5.77 billion and is part of the industrial goods sector and industrial industry. Shares are down 16.2% year to date as of the close of trading on Thursday.

You can view the full Joy Global Ratings Report or get investment ideas from our investment research center.

Rating Change #8

Coeur D'Alene Mines Corporation ( CDE) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Metals & Mining industry. The net income increased by 230.4% when compared to the same quarter one year prior, rising from $11.36 million to $37.55 million.
  • 48.00% is the gross profit margin for COEUR D'ALENE MINES CORP which we consider to be strong. Regardless of CDE's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CDE's net profit margin of 18.23% significantly outperformed against the industry.
  • CDE's debt-to-equity ratio is very low at 0.03 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.79 is somewhat weak and could be cause for future problems.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, COEUR D'ALENE MINES CORP underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • CDE's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 36.01%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Although its share price is down sharply from a year ago, do not assume that it can now be tagged as cheap and attractive. The reality is that, based on its current price in relation to its earnings, CDE is still more expensive than most of the other companies in its industry.
.

Coeur d'Alene Mines Corporation, through its subsidiaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in South America, Mexico, the United States, and Australia. The company has a P/E ratio of 25, above the S&P 500 P/E ratio of 17.7. Coeur D'Alene Mines has a market cap of $1.22 billion and is part of the basic materials sector and metals & mining industry. Shares are down 43.6% year to date as of the close of trading on Friday.

You can view the full Coeur D'Alene Mines Ratings Report or get investment ideas from our investment research center.

Rating Change #7

Pharmerica Corporation ( PMC) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • The debt-to-equity ratio is somewhat low, currently at 0.71, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. To add to this, PMC has a quick ratio of 2.05, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Looking ahead, our view is that this company's fundamentals will not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Health Care Providers & Services industry. The net income has significantly decreased by 53.2% when compared to the same quarter one year ago, falling from $7.90 million to $3.70 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Health Care Providers & Services industry and the overall market, PHARMERICA CORP's return on equity is below that of both the industry average and the S&P 500.
.

PharMerica Corporation operates as an institutional pharmacy services company in the United States. It offers services to healthcare facilities; management pharmacy services to hospitals; and specialty infusion services to patients outside hospitals. Pharmerica has a market cap of $391.7 million and is part of the services sector and retail industry. Shares are down 9.1% year to date as of the close of trading on Friday.

You can view the full Pharmerica Ratings Report or get investment ideas from our investment research center.

Rating Change #6

Concha Y Toro Winery Inc ( VCO) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 14.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The current debt-to-equity ratio, 0.40, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.90 is somewhat weak and could be cause for future problems.
  • 36.20% is the gross profit margin for VINA CONCHA Y TORO SA which we consider to be strong. Regardless of VCO's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, VCO's net profit margin of 6.31% is significantly lower than the industry average.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. In comparison to the other companies in the Beverages industry and the overall market, VINA CONCHA Y TORO SA's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • The share price of VINA CONCHA Y TORO SA has not done very well: it is down 6.40% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
.

Vina Concha y Toro S.A., together with its subsidiaries, produces and markets wine products. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7. Concha y Toro Winery has a market cap of $1.46 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 0.1% year to date as of the close of trading on Friday.

You can view the full Concha y Toro Winery Ratings Report or get investment ideas from our investment research center.

Rating Change #5

Titan Machinery Inc ( TITN) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 4.3%. Since the same quarter one year prior, revenues rose by 29.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Net operating cash flow has significantly increased by 1173.32% to $57.35 million when compared to the same quarter last year. In addition, TITAN MACHINERY INC has also vastly surpassed the industry average cash flow growth rate of 49.68%.
  • TITAN MACHINERY INC's earnings per share declined by 13.1% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, TITAN MACHINERY INC reported lower earnings of $2.00 versus $2.15 in the prior year. This year, the market expects an improvement in earnings ($2.15 versus $2.00).
  • Looking at the price performance of TITN's shares over the past 12 months, there is not much good news to report: the stock is down 39.00%, and it has underformed the S&P 500 Index. In addition, the company's earnings per share are lower today than the year-earlier quarter. Looking ahead, the stock's sharp decline over the past year may have been what was needed in order to bring its value into alignment with its fundamentals and others in its industry.
.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. It engages in the sale of new and used equipment. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Titan Machinery has a market cap of $447.4 million and is part of the services sector and specialty retail industry. Shares are down 14.1% year to date as of the close of trading on Wednesday.

You can view the full Titan Machinery Ratings Report or get investment ideas from our investment research center.

Rating Change #4

FirstEnergy Corp ( FE) has been upgraded by TheStreet Ratings from hold to buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • Net operating cash flow has increased to $1,044.00 million or 25.17% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 5.00%.
  • FIRSTENERGY CORP has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, FIRSTENERGY CORP reported lower earnings of $1.84 versus $2.13 in the prior year. This year, the market expects an improvement in earnings ($3.00 versus $1.84).
  • FE, with its decline in revenue, underperformed when compared the industry average of 13.2%. Since the same quarter one year prior, revenues fell by 10.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The gross profit margin for FIRSTENERGY CORP is currently extremely low, coming in at 12.40%. Regardless of FE's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, FE's net profit margin of -4.23% significantly underperformed when compared to the industry average.
  • In its most recent trading session, FE has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Despite the decline in its share price over the last year, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry. We feel, however, that other strengths this company displays compensate for this.
.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. FirstEnergy has a market cap of $19.15 billion and is part of the utilities sector and utilities industry. Shares are up 8.4% year to date as of the close of trading on Thursday.

You can view the full FirstEnergy Ratings Report or get investment ideas from our investment research center.

Rating Change #3

Stanley Furniture Company Inc ( STLY) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Household Durables industry and the overall market, STANLEY FURNITURE CO INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • Despite the weak revenue results, STLY has outperformed against the industry average of 28.2%. Since the same quarter one year prior, revenues slightly dropped by 2.7%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The gross profit margin for STANLEY FURNITURE CO INC is currently extremely low, coming in at 14.70%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -8.03% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to -$7.03 million or 119.45% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
.

Stanley Furniture Company, Inc. designs, manufactures, and imports wood furniture for the residential market in the United States. The company has a P/E ratio of two, below the S&P 500 P/E ratio of 17.7. Stanley Furniture has a market cap of $59.4 million and is part of the consumer goods sector and consumer durables industry. Shares are down 8.9% year to date as of the close of trading on Friday.

You can view the full Stanley Furniture Ratings Report or get investment ideas from our investment research center.

Rating Change #2

Verizon Communications Inc ( VZ) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • VZ's revenue growth has slightly outpaced the industry average of 2.0%. Since the same quarter one year prior, revenues slightly increased by 4.2%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The gross profit margin for VERIZON COMMUNICATIONS INC is rather high; currently it is at 62.80%. It has increased from the same quarter the previous year.
  • Net operating cash flow has increased to $7,531.00 million or 26.42% when compared to the same quarter last year. Despite an increase in cash flow, VERIZON COMMUNICATIONS INC's average is still marginally south of the industry average growth rate of 35.78%.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 35.18% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • VERIZON COMMUNICATIONS INC has improved earnings per share by 15.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, VERIZON COMMUNICATIONS INC reported lower earnings of $0.31 versus $0.86 in the prior year. This year, the market expects an improvement in earnings ($2.75 versus $0.31).
.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 159.8, above the S&P 500 P/E ratio of 17.7. Verizon has a market cap of $143.67 billion and is part of the technology sector and telecommunications industry. Shares are up 17.7% year to date as of the close of trading on Friday.

You can view the full Verizon Ratings Report or get investment ideas from our investment research center.

Rating Change #1

IParty Corporation ( IPT) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:
  • Compared to its closing price of one year ago, IPT's share price has jumped by 197.33%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • 43.00% is the gross profit margin for IPARTY CORP which we consider to be strong. Regardless of IPT's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, IPT's net profit margin of 6.62% compares favorably to the industry average.
  • IPARTY CORP's earnings per share declined by 12.5% in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past two years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, IPARTY CORP continued to lose money by earning -$0.07 versus -$0.10 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Specialty Retail industry. The net income has significantly decreased by 40.3% when compared to the same quarter one year ago, falling from $2.98 million to $1.78 million.
  • Net operating cash flow has decreased to $1.42 million or 49.10% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
.

iParty Corp. operates as a retailer of party goods in New England and Florida, the United States. iParty has a market cap of $10.9 million and is part of the services sector and specialty retail industry. Shares are up 218.6% year to date as of the close of trading on Monday.

You can view the full iParty Ratings Report or get investment ideas from our investment research center.

-- Reported by Kevin Baker in Palm Beach Gardens, Fla.

For additional Investment Research check out our Ratings Research Center.

For all other upgrades and downgrades made by TheStreet Ratings Model today check out our upgrades and downgrades list.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering equity and mutual fund ratings. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

If you liked this article you might like

Trader's Daily Notebook: Worried About Volume? Just Let It Go
Trader's Daily Notebook: Worried About Volume? Just Let It Go
Market's Post-'Clexit' Behavior May Yield Value Entry Points

Market's Post-'Clexit' Behavior May Yield Value Entry Points

5 Hated Stocks You Should Love This Earnings Season

5 Hated Stocks You Should Love This Earnings Season

5 Stocks Under $10 Set to Soar

5 Stocks Under $10 Set to Soar