8 Ex-Dividend Stocks With Buy Ratings
NEW YORK ( TheStreet) -- The following stocks go ex-dividend Tuesday, meaning an investor must purchase the shares Monday to qualify for the next dividend payment: Bristol-Myers Squibb (BMY) , Cisco Systems (CSCO) , Discover Financial Services (DFS) , Gap(GPS) , JPMorgan Chase (JPM) , Monsanto(MON) , Sysco(SYY) and Whole Foods Market (WFM) .
Each of the stocks received a buy rating from TheStreet Ratings .
Referring to Eliquis' action date, Leerink Swann analysts wrote in a March 1 report, "If BMY shares trade down >2% more than the market on this news, we'd be buyers ahead of a potential panel announcement given BMY's still-strong pipeline, likelihood of a best-in-class Eliquis label, and upcoming Phase II data at EASL for their NS5a inhibitor, SubQ Orencia vs. Humira data at EULAR, and most importantly, expanded Phase I/II data for anti-PD1 in various solid tumors at ASCO."
Forward Annual Dividend Yield: 4%
Rated "A- (Buy)" by TheStreet Ratings : The company's fourth-quarter gross profit margin was about the same as it was last year.
Bristol-Myers Squibb has average liquidity. Its Quick Ratio is 1.41, which shows the company can technically meet its short-term cash needs.
In the fourth quarter, stockholders' net worth increased 1.54% from the prior year.
TheStreet Ratings' price target is $43.18. The stock closed Friday at $33.75 and has declined 4.23% year to date.
Cisco said Wednesday that it intends to acquire ClearAccess, which creates software related to residential and mobile devices.
"We rate Cisco a Buy based on our belief that it can deliver high single digits EPS growth on mid single digits sales growth, ex acquisitions," Bank of America Merrill Lynch analysts wrote in a March 21 report. "We believe that portfolio challenges are behind, and see stable to improving outlook for margins. The slower growth in switching and routing will cap Cisco's growth, however, we believe Cisco will be a beneficiary of growth within data center, collaboration, telepresence and service provider with its architectural strategy."
Forward Annual Dividend Yield: 1.5%
Rated "B (Buy)" by TheStreet Ratings : The company's second-quarter gross profit margin was basically the same as it was the previous year.
Cisco Systems is extremely liquid. Its Quick Ratio is 3.08, which shows the company can meet its short-term cash needs.
In the second quarter, stockholders' net worth increased 7.89% from the prior year.
TheStreet Ratings' price target is $23.54. The stock closed Friday at $21.15 and has risen 16.98% year to date.
Discover Financial Services
The financial services firm reported earlier this month first-quarter earnings of $624 million, or $1.18 a share, up from year-earlier earnings of $508 million, or 95 cents.