Is It Right Time to Be Cautious on Halliburton Company (NYSE:HAL), Hanesbrands Inc. (NYSE:HBI)?

The shares of Halliburton Company (NYSE:HAL) has been pegged with a rating of Mkt Perform by Bernstein in its latest research note that was published on January 14, 2020. Bernstein wasn’t the only research firm that published a report of Halliburton Company, with other equities research analysts also giving their opinion on the stock. The stock had earned Market Perform rating from BMO Capital Markets Markets when it published its report on December 18, 2019. That day the BMO Capital Markets set price target on the stock to $23. Argus was of a view that HAL is Hold in its latest report on October 23, 2019. Cowen thinks that HAL is worth Outperform rating. This was contained in the firm’s report on October 22, 2019 in which the stock’s price target was also moved to 27.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 22 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $27.94. The price of the stock the last time has raised by 31.70% from its 52-Week high price while it is -31.67% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 46.46.

The shares of the company added by 2.85% during the trading session on Wednesday, reaching a low of $21.90 while ending the day at $22.35. During the trading session, a total of 9.79 million shares were traded which represents a 15.91% incline from the average session volume which is 11.64 million shares. HAL had ended its last session trading at $21.73. Halliburton Company debt-to-equity ratio currently stands at 1.07, while its quick ratio hovers at 1.70 HAL 52-week low price stands at $16.97 while its 52-week high price is $32.71.

The company in its last quarterly report recorded $0.32 earnings per share which is above the predicted by most analysts. The Halliburton Company generated 2.27 billion in revenue during the last quarter. In the second quarter last year, the firm recorded $0.34 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 28.13%. Halliburton Company has the potential to record 1.33 EPS for the current fiscal year, according to equities analysts.

Investment analysts at B. Riley FBR published a research note on February 10, 2020 where it informed investors and clients that Hanesbrands Inc. (NYSE:HBI) is now rated as Buy. Their price target on the stock stands at $22. Wells Fargo also rated HBI as Downgrade on January 02, 2020, with its price target of $12 suggesting that HBI could surge by 12.91% from its current share price. Even though the stock has been trading at $14.35/share, analysts expect it to surge by 2.93% to reach $16.96/share. It started the day trading at $15.005 and traded between $14.4569 and $14.77 throughout the trading session.

A look at its technical shows that HBI’s 50-day SMA is 14.48 while its 200-day SMA stands at 15.38. The stock has a high of $19.38 for the year while the low is $12.90. The stock, however, witnessed a rise in its short on 01/31/20. Compared to previous close which recorded 67.19 M shorted shares, the short percentage went higher by 1.52%, as 68.21M HAL shares were shorted. At the moment, only 18.83% of Hanesbrands Inc. shares were sold short. The company’s P/E ratio currently sits at 9.32, while the P/B ratio is 4.38. The company’s average trading volume currently stands at 6.22M shares, which means that the short-interest ratio is just 10.80 days. Over the past seven days, the company moved, with its shift of 0.82%. Looking further, the stock has dropped -7.63% over the past 90 days while it gained 1.37% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more HBI shares, increasing its portfolio by 3.49% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 1,388,585 shares in the last quarter, thus it now holds 41,131,617 shares of HBI, with a total valuation of $565,971,050. SSgA Funds Management, Inc. meanwhile bought more HBI shares in the recently filed quarter, changing its stake to $294,445,603 worth of shares.

Similarly, BlackRock Fund Advisors increased its Hanesbrands Inc. shares by 6.12% during the recently filed quarter. After buying 19,291,929 shares in the last quarter, the firm now controls 1,112,587 shares of Hanesbrands Inc. which are valued at $265,456,943. In the same vein, Shapiro Capital Management LLC increased its Hanesbrands Inc. shares by during the most recent reported quarter. The firm bought 240,831 shares during the quarter which increased its stakes to 15,444,943 shares and is now valued at $212,522,416. Following these latest developments, around 1.00% of Hanesbrands Inc. stocks are owned by institutional investors and hedge funds.