The Zacks Analyst Blog features Enbridge, US Bank, HCA Healthcare, Hershey’s and American International
For Immediate Release
Chicago, IL – March 10, 2023 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events affecting stocks and the financial markets. Stocks recently featured on the blog include: Enbridge Inc. ENB, US Bancorp USB, HCA Healthcare, Inc. HCA, The Hershey Company HSY, and American International Group, Inc. AIG.
Here are the highlights from Thursday’s analyst blog:
Top stock reports for Enbridge, US Bancorp and HCA Healthcare
The Zacks Research Daily presents the best research from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Enbridge Inc., US Bancorp and HCA Healthcare, Inc. These research reports have been selected from around 70 reports released today by our team of analysts.
You can All current research reports can be found here >>>
shares of Enbridge underperformed the Zacks Oil and Gas – Production and Pipelines industry last year (-13.6% vs. -4.6%). The company’s significant debt is worrying.
ENB reported weak fourth quarter results due to lower contributions from the renewable power generation segment. Also, it has mostly yielded lower dividends than the industry. As such, the stock warrants a cautious stance.
However, Enbridge has the longest and most sophisticated oil and liquids pipeline system in the world, stretching 17,809 miles. As such, a significant portion of the midstream operator’s revenue is generated from transportation operations, which are fueled by a series of long-term contracts.
ENB has approved CA$8 billion in organic growth projects in 2022, bringing the total backlog to CA$18 billion. The Company expects to bring on stream growth projects valued at over $10 billion in 2024 and beyond. This is expected to result in significant EBITDA growth in the coming years.
(You can Read the full Enbridge research report here >>>)
shares of U.S. Bancorp have underperformed the industry Zacks Banks – Major Regional (-14.2% vs. -9.6%) over the past year. The company’s rising expenses could weigh on earnings in the coming quarters. In addition, a concentrated loan portfolio and legal issues are other key headwinds.
Still, US Bancorp’s third-quarter results reflect an increase in revenue, helped by higher interest rates and margins. The bank has received all necessary regulatory approvals for the acquisition of MUFG Union Bank’s core regional business.
A solid business model and diverse revenue streams should help his finances. The company’s strong credit and deposit balance sheets are positive. Its decent cash position should support capital deployment plans.
(You can Read the full research report on US Bankcorp here >>>)
HCA Healthcare Shares have outperformed the Zacks Medical – Hospital industry (+13.1% vs. +8.7%) over the last six months. Company revenue continues to grow due to an increase in hospital admissions, outpatient surgeries and other procedures.
Several acquisitions have helped the company increase patient numbers, expand its network, add hospitals to its portfolio, and increase business size. The company benefits from its telemedicine business. As of December 31, 2022, it had $1.6 billion remaining under its buyback authorization.
However, the company’s escalating operating costs have weighed on margins. Declining cash flows indicate operational weaknesses. As such, the stock warrants a cautious stance.
(You can Read the full research report on HCA Healthcare here >>>)
Other notable reports we feature today include The Hershey Company and American International Group, Inc.
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American International Group, Inc. (AIG): Free Stock Research Report
Hershey Company (The) (HSY): Free Stock Research Report
US Bancorp (USB): Free Stock Research Report
Enbridge Inc (ENB): Free Stock Research Report
HCA Healthcare, Inc. (HCA): Free Stock Research Report
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