Two Stocks To Tuck Away: Simon Property Group Inc. (NYSE:SPG), First Commonwealth Financial Corporation (NYSE:FCF)

The shares of Simon Property Group Inc. (NYSE:SPG) has been pegged with a rating of Buy by Deutsche Bank in its latest research note that was published on March 18, 2020. The Financial company has also assigned a $120 price target. Deutsche Bank wasn’t the only research firm that published a report of Simon Property Group Inc., with other equities research analysts also giving their opinion on the stock. Jefferies advised investors in its research note published on March 10, 2020, to Hold the SPG stock while also putting a $109 price target. The stock had earned Market Perform rating from BMO Capital Markets Markets when it published its report on January 07, 2020. That day the BMO Capital Markets set price target on the stock to $156. The stock was given Neutral rating by JP Morgan in its report released on December 18, 2019, the day when the price target on the stock was placed at 162. Citigroup was of a view that SPG is Neutral in its latest report on September 23, 2019. Mizuho thinks that SPG is worth Neutral rating. This was contained in the firm’s report on February 15, 2019 in which the stock’s price target was also moved to 193.

The price of the stock the last time has raised by 43.24% from its 52-Week high price while it is -66.56% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 33.62.

The shares of the company added by 13.90% during the trading session on Wednesday, reaching a low of $54.73 while ending the day at $62.34. During the trading session, a total of 8.64 million shares were traded which represents a -142.0% decline from the average session volume which is 3.57 million shares. SPG had ended its last session trading at $54.73. Simon Property Group Inc. currently has a market cap of $15.42 billion, while its P/E ratio stands at 9.15, while its P/E earnings growth sits at 1.06, with a beta of 1.53. SPG 52-week low price stands at $43.52 while its 52-week high price is $186.40.

The company in its last quarterly report recorded $2.96 earnings per share which is above the predicted by most analysts. In the second quarter last year, the firm recorded $3.05 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -2.7%. Simon Property Group Inc. has the potential to record 12.10 EPS for the current fiscal year, according to equities analysts.

Investment analysts at B. Riley FBR published a research note on March 25, 2020 where it informed investors and clients that First Commonwealth Financial Corporation (NYSE:FCF) is now rated as Neutral. Their price target on the stock stands at $9. RBC Capital Mkts also rated FCF as Initiated on October 11, 2019, with its price target of $16 suggesting that FCF could surge by 39.86% from its current share price. Even though the stock has been trading at $8.92/share, analysts expect it to down by -4.93% to reach $14.10/share. It started the day trading at $8.77 and traded between $8.00 and $8.48 throughout the trading session.

A look at its technical shows that FCF’s 50-day SMA is 12.34 while its 200-day SMA stands at 13.20. The stock has a high of $14.93 for the year while the low is $7.86. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 2.49 M shorted shares, the short percentage went higher by 12.41%, as 2.80M SPG shares were shorted. At the moment, only 2.57% of First Commonwealth Financial Corporation shares were sold short. The company’s P/E ratio currently sits at 7.94, while the P/B ratio is 0.79. The company’s average trading volume currently stands at 451.85K shares, which means that the short-interest ratio is just 5.50 days. Over the past seven days, the company moved, with its shift of -1.97%. Looking further, the stock has dropped -42.35% over the past 90 days while it lost -36.14% 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 BlackRock Fund Advisors sold more FCF shares, decreasing its portfolio by -0.94% during the last quarter. This move now sees The BlackRock Fund Advisors selling -127,330 shares in the last quarter, thus it now holds 13,436,211 shares of FCF, with a total valuation of $158,547,290. The Vanguard Group, Inc. meanwhile sold more FCF shares in the recently filed quarter, changing its stake to $123,224,261 worth of shares.

Similarly, Dimensional Fund Advisors LP decreased its First Commonwealth Financial Corporation shares by 1.16% during the recently filed quarter. After selling 7,169,477 shares in the last quarter, the firm now controls -84,170 shares of First Commonwealth Financial Corporation which are valued at $84,599,829. In the same vein, SSgA Funds Management, Inc. decreased its First Commonwealth Financial Corporation shares by during the most recent reported quarter. The firm bought 101,429 shares during the quarter which decreased its stakes to 3,226,201 shares and is now valued at $38,069,172. Following these latest developments, around 0.90% of First Commonwealth Financial Corporation stocks are owned by institutional investors and hedge funds.