Hidden Gems? Intersil Corp (ISIL), CIT Group Inc. (CIT) and Rowan Companies PLC (RDC)
New York, NY – GDP INSIDER – 05/01/2014.
This article discusses three companies: Intersil Corp (NASDAQ:ISIL), CIT Group Inc. (NYSE:CIT) and Rowan Companies PLC (NYSE:RDC)
Intersil Corp (NASDAQ:ISIL) declined yesterday with the stock losing another 3.19% or $0.44 to close at $13.35 on very heavy trading volume of 2.861 million, compared to its three month average trading volume of 0.956 million after analysts at Northland Capital lowered their price target on the stock from $19 to $17 per share. The lost situated the stock 18.55% below its 52 week high of $16.39. Over the past one week and over the past one month, the shares of the company have lost 9.18% and 6.77%, respectively. However, with quarterly earnings growth (yoy) of 116.70% and one year price target estimate of $16.90 there is plenty of upside potential, making it a hold.
CIT Group Inc. (NYSE:CIT) continued to climb during yesterday’s trading as the stock gained $0.41 or 0.92% to finish the day at a new closing price of $45.03 on high trading volume of 2.458 million, compared to its three month average trading volume of 1.40 million. The US-based financing, leasing and advisory services provider to middle market companies is currently trading below its 50 day moving average of $45.88 and 200 day moving average of $46.66. With P/E of 7.82, EPS of $5.76 and one year target price estimate of $53.56, CIT Group Inc has strong upside potential, making it a solid long term investment to consider.
Rowan Companies PLC (NYSE:RDC) enjoyed an increase of 6.16% or $1.23 to finish the day at a new closing price $21.19 with more than 5.792 million shares changing hands compared to its three month average trading volume of 3.13 million. The international and domestic offshore contract drilling services provider has been underperforming the S&P 500 so far this year, with the stock down 8.70% year to date, compared to the index which is up 1.29% over the same period. With RSI of 63.21 and one year price target of $23.63, the company is a hold with a look to buy.
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