Notable Downgrades-Initiations: Macy’s (M), Crocs (CROX), Twitter (TWTR), Petrobras (PBR)

Macy’s, Inc. (M) was downgraded by Sterne Age from a ‘Buy’ rating to a ‘Neutral’ rating in a research note issued on Thursday.

Macy’s shares are currently priced at 15.24x this year’s forecasted earnings compared to the industry’s -8.77x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.08 and 11.96, respectively. Price/Sales for the same period is 0.75 while EPS is 3.93. Currently there are 6 analysts that rate M a ‘Strong Buy’, 11 rate it a ‘Buy’ and 4 rate it a ‘Hold’. No analysts rate it a sell. Macy’s has a median Wall Street price target of $65.00 with a high target of $70.00.

In the past 52 weeks, shares of the Cincinnati, Ohio-based company have traded between a low of $42.18 and a high of $63.10 and are now at $59.90. Shares are up 36% year-over-year and 12.34% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Buckingham is out with a report this morning downgrading shares of Crocs, Inc. (CROX) with a ‘Neutral’ from ‘Buy’ rating and $13 from $20 price target, implying a 7% downside from the stock’s current price.

CROX shares recently lost $1.04 to $13.99. The stock is up more than 3.76% year-over-year ; down 12% year-to-date. In the past 52 weeks, shares of the Niwot, Colorado-based company have traded between a low of $11.96 and a high of $16.88.

Crocs, which closed Wednesday down 1 cent to $15.04, has a total market cap of $1.20B.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Investment analysts at Canaccord Genuity initiated coverage on shares of Twitter, Inc. (TWTR) in a note issued to investors on Thursday. The firm set a ‘Buy’ rating and a $62.00 price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 17% from the stock’s previous close.

TWTR shares recently rose 6 cents to $52.97. In the past 52 weeks, shares of San Francisco, California-based company, which provides a global platform for public self-expression and conversation in real time, have traded between a low of $29.51 and a high of $74.73. Shares are up 16.64% year-over-year ; down 17.72% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Analysts at Cowen initiated this morning their rating on the shares of Petroleo Brasileiro Petrobras (PBR) with an ‘Outperform’. The target price has been set to $23.00.

PBR shares are currently priced at 12.39x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s 15.62x earnings multiple. Ticker has a t-12 price-to-sales ratio of 0.80. EPS for the same period is $1.44.

In the past 52 weeks, shares of the Rio de Janeiro, Brazil-based firm have traded between a low of $10.20 and a high of $20.94 and are now at $17.83 . Shares are up 15.07% year-over-year and 28.52% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

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