Notable Upgrades: 3D Systems (DDD), Myriad Genetics Inc. (MYGN), SouFun Holdings (SFUN), Manhattan Associates (MANH)

Shares of 3D Systems Corporation (DDD) were upgraded to a ‘Buy’ rating from ‘Hold’ by Gabelli & Co. on Wednesday. The firm believes DDD’s current valuation limits downside risk and has a $39 price target on the name. 3D Systems shares are currently priced at 145.40x this year’s forecasted earnings, which makes them expensive compared to the industry’s 18.09x earnings multiple. Ticker has a forward P/E of 27.80 and t-12 price-to-sales ratio of 5.13. EPS for the same period is $0.20.

In the past 52 weeks, shares of the Rock Hill, South Carolina-based firm have traded between a low of $27.00 and a high of $82.65 and are now at $28.79. Shares are down 61.34% year-over-year and 12.93% year-to-date.

Myriad Genetics Inc. (MYGN) lost $3.91 to $34.21 in mid-day trading today, after a flurry of upgrades and downgrades following the company’s second quarter.

Following the results, Mizuho lowered the price target for MYGN to $32 from $50, citing considerable uncertainty over the next 6 months. Separately, the shares were downgraded to ‘Underperform’ from ‘Neutral’ at Credit Suisse and upgraded to ‘Outperform’ from ‘Market Perform’ at JMP Securities.

In the past 52 weeks, Myriad shares have traded between a low of $29.10 and a high of $42.50 with the 50-day MA and 200-day MA located at $36.70 and $36.38 levels, respectively. Additionally, shares of MYGN trade at a P/E ratio of 1.79 and have a Relative Strength Index (RSI) and MACD indicator of 36.94 and -0.88, respectively.

Myriad Genetics currently prints a one year return of about 39%, and a year-to-date return of around 12%.

SouFun Holdings Ltd. (SFUN) gained 23c to $6.61 in mid-day trading today. Approximately 7.03M shares have already changed hands, compared to the stock’s average daily volume of 5.90M shares. The name was upgraded to ‘Overweight’ from ‘Neutral’ at JP Morgan. JPM lowered the price target for SFUN shares to $8.50 from $9.

On valuation-measures, shares of SFUN have a trailing-12 and forward P/E of 10.40 and 11.19, respectively. P/E to growth ratio is 1.32, while t-12 profit margin is 40.57%. EPS registers at $0.64. The company has a market cap of $2.70B and a median Wall Street price target of $10.40 with a high target of $13.50.

On trading-measure, SFUN has a beta of 1.37 and a short float of 12.65%. In the past 52 weeks, shares of the real estate Internet portal have traded between a low of $5.98 and a high of $19.94 with its 50-day MA and 200-day MA located at $7.18 and $9.45 levels, respectively.

SFUN currently prints a one year loss of about 59%, and a year-to-date loss of around 13.70%.

Analystst at Raymond James issued a report this morning upgrading shares of Manhattan Associates, Inc. (MANH) with a ‘Strong Buy’ from ‘Outperform’ rating. Price target raised to $52 from $42. MANH shares are currently priced at 47.38x this year’s forecasted earnings, compared to the industry’s 18.09x earnings multiple. Ticker has a PEG and forward P/E ratio of 3.55 and 34.44, respectively. Price/Sales for the same period is 7.17 while EPS is $1.02. Currently there is only one analyst that rate MANH a ‘Buy’. No analysts rates it a ‘Sell’. MANH has a median Wall Street price target of $46.00.

In the past 52 weeks, shares of the Atlanta, Georgia-based company have traded between a low of $28.24 and a high of $48.89 and are now at $48.28. Shares are up 35.51% year-over-year and 10.68% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*