Zacks Sell List Highlights: Piper Jaffray, Safety Insurance Group, Ferro and Johnson Controls - Press Releases
For Immediate Release
Chicago, IL - March 15, 2012 - Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List - Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Piper Jaffray Companies ( PJC ) and Safety Insurance Group, Inc. ( SAFT ). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Ferro Corporation ( FOE ) and Johnson Controls, Inc. ( JCI ).
Since inception in 1988, the S&P 500 has outperformed the
Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs.
+10%). While the rest of Wall Street continued to tout stocks
during the market declines of the last few years, Zacks told
investors which stocks to sell or avoid.
Here is a synopsis of why PJC and SAFT have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:
Piper Jaffray Companies ( PJC ) announced fourth-quarter profit of 11 cents per share on January 25 that missed analysts' expectations by 42.11%. The Zacks Consensus Estimate for the current year slid to $1.78 per share from $2.05 per share in the last 60 days as next year's estimate dipped 10 cents per share to $2.28 per share in that time span.
Safety Insurance Group, Inc. ( SAFT ) posted a fourth-quarter profit of 31 cents per share on March 8, which came in 28 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $3 per share from $3.05 per share over the past month. For 2013, analysts expect a profit of $3.08 per share, compared to last month's projection for a profit of $3.15 per share.
Here is a synopsis of why FOE and JCI have a Zacks Rank of 4
(Sell) and should also most likely be sold or avoided for the next
one to three months. Note that a #4 Sell rating is applied to 15%
of all the stocks ranked by Zacks;
Ferro Corporation ( FOE ) fourth-quarter loss of 8 cents per share, posted on February 29, lagged analysts' projections by 166.67%. Estimate for current year slid 13 cents per share to 51 cents per share over a month as next year's estimate dipped 4 cents per share to 78 cents per share in that time span.
Johnson Controls, Inc. ( JCI ) reported a first-quarter profit of 60 cents per share on January 19 that fell 3.23% short of the Zacks Consensus Estimate. The full-year average forecast is currently $2.74 per share, compared with last two month's projection of $2.98 per share. Next year's forecast dropped to $3.35 per share from $3.59 per share in the same period.
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About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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FERRO CORP ( FOE ): Free Stock Analysis Report
JOHNSON CONTROL ( JCI ): Free Stock Analysis Report
PIPER JAFFRAY ( PJC ): Free Stock Analysis Report
SAFETY INS GRP ( SAFT ): Free Stock Analysis Report
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