Notable Downgrades: Noodles & Co (NDLS), Rocket Fuel (FUEL), Wal-Mart Stores (WMT), Hasbro (HAS), EOG Resources (EOG)

Analysts at Robert W. Baird downgraded Noodles & Company (NDLS) from ‘Outperform‘ to ‘Neutral‘ in a research report issued to clients on Friday.

The target price for NDLS is lowered from $31 to $21.

On valuation measures, Noodles & Co. stock it is trading at a forward P/E multiple of 30.49x, and at a multiple of 60.86x this year’s estimated earnings. The t-12-month revenue at Noodles & Company is $386.66 million. NDLS’ ROE for the same period is 7.98%.

Shares of the $592.80 million market cap company are down 22.84% year-over-year ; up 5.28% year-to-date.

NDLS, currently with a median Wall Street price target of $29.00 and a high target of $32.00, dropped $7.84 to $19.90 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Rocket Fuel Inc. (FUEL) was downgraded from ‘Overweight‘ to ‘Neutral‘ at Piper Jaffray.

Shares have traded today between $10.70 and $11.50 with the price of the stock fluctuating between $10.70 to $59.62 over the last 52 weeks.

Rocket Fuel shares  have a t-12 price/sales ratio of 1.72. EPS for the same period is ($1.32).

Shares of FUEL have lost $3.82 to $10.95 in mid-day trading on Friday, giving it a market cap of roughly $453 million. The stock traded as high as $59.62 in February 28, 2014.

Barclays reported on Friday that they have lowered their rating for Wal-Mart Stores Inc. (WMT). The firm has downgraded WMT from ‘Overweight‘ to ‘Equal Weight‘ and lowered its price target from $90 to $85. WMT is currently printing a higher than average trading volume with the issue trading 8.2 million shares, compared to the average volume of 2.4 million shares. The stock began trading this morning at $82.68 to currently trade up $0.42 or 0.51% from the prior days close of $83.52. On an intraday basis it gotten as low as $82.55 and as high as $83.98.

On valuation measures, Wal-Mart Stores Inc. shares are currently priced at 17.24x this year’s forecasted earnings, compared to the industry’s 25.07x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.73 and 15.50, respectively. Price/sales for the same period is 0.56 while EPS is $4.87. Currently there are 6 analysts that rate WMT a ‘Buy’, 19 rate it a ‘Hold’. 3 analysts rate it a ‘Sell’. WMT has a median Wall Street price target of $87.00 with a high target of $100.00.

As for passive income investors, the company pays shareholders $1.92 per share annually in dividends, yielding 2.20%. Five year average dividend yield currently stands at 2.30%.

WMT has a current market capitalization of $270.52B.

Hasbro Inc. (HAS) had its rating lowered from ‘Overweight‘ to ‘Equal Weight‘ by analysts at Barclays on Friday. The firm sees shares as fairly valued at $62 versus $61.78 close. Currently there are 4 analysts that rate HAS a ‘Buy’, while no analysts rate it a ‘Sell’. Seven rate it a ‘Hold’.

HAS was down $0.32 at $61.46 in mid-day trade, moving within a 52-week range of $48.01 to $63.09. The name, valued at $7.73B, opened at $61.00.

On valuation measures, Hasbro Inc. shares are currently priced at 19.21x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.82. EPS for the same period registers at $3.20.

As for passive income investors, the firm pays stockholders $1.84 per share annually in dividends, yielding 2.90%.

EOG Resources, Inc. (EOG) was downgraded by UBS from a ‘Buy‘ rating to a ‘Neutral‘ rating in a research report issued to clients on Friday. They currently have a $102 price objective on the stock, 6 points lower from their previous price target of $108.

EOG closed at $93.80 on Thursday and is currently trading down $3.25.

In the past 52 weeks, shares of the company have traded between a low of $81.07 and a high of $118.89 and are now trading at $90.82. Shares are up 5.55% year-over-year ; up 2.08% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*