CHICAGO, Sept. 18, 2012 /PRNewswire/ -- Zacks Equity Research highlights Berkshire Hathaway B-shares (BRK.B) as the Bull of the Day.
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Full analysis Berkshire Hathaway B-shares (BRK.B) is available at http://at.zacks.com/?id=10487.
Here is a synopsis of the Berkshire Hathaway stock (BRK.B):
Bull of the Day is Berkshire Hathaway B-shares (BRK.B):
We are upgrading our recommendation on Berkshire Hathaway B-shares (BRK.B) to Outperform from Neutral following the strong second-quarter results. The Berkshire Hathaway quarter reflected strong performances across all business segments: Insurance, Railroad, Utilities and Energy, Manufacturing, Service and retailing as well as Finance and Financial products.
Though Berkshire Hathaway (BRK.B) has witnessed fluctuating earnings between the quarters due to heavy exposure to stock option derivatives, most of these gains/losses are unrealized. Moreover, we expect Berkshire Hathaway Finance and Financial products segment to continue improving, given the gradually recovering economy.
A solid balance sheet, adequate liquidity and continuing trend of growing book value are the other positives for Berkshire Hathaway. Though a lack of clarity regarding CEO Warren Buffet's succession prevails, our six-month target price of $106.00 per share equates to about 18.7X our earnings estimate for 2012. This target price implies an expected total return of 20.0% over that period.
Get the full analysis of Berkshire Hathaway B-shares (BRK.B) and other stocks by going to http://at.zacks.com/?id=10487.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=10487.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=10487.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
Watch us on YouTube: http://www.youtube.com/user/ZacksInvestmentNews
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.
Share this article