Notable Downgrades: Navient (NAVI), Star Bulk Carriers (SBLK), China Mobile (CHL), TCP Int’l Holdings (TCPI), Isis Pharma (ISIS)

Analysts at Barclays downgraded Navient Corporation (NAVI) from ‘Overweight‘ to ‘Equal Weight‘ in a research report issued to clients on Monday.

The target price for NAVI is set at $22 .

On valuation measures, Navient Corp. stock it’s trading at a forward P/E multiple of 8.20x, and at a multiple of 7.12x this year’s estimated earnings. The t-12-month revenue at Navient Corp. is $2.87 billion. NAVI ‘s ROE for the same period is 23.35%.

Shares of the $7.69 billion market cap company are up 12.50% year-over-year ; down 11.55% year-to-date.

Navient Corp., currently with a median Wall Street price target of $23.00 and a high target of $24.50, dropped $2.23 to $19.165 in recent trading.

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

Star Bulk Carriers Corp. (SBLK) was downgraded from ‘Hold‘ to ‘Sell‘ and the price target was cut from $5 to $2 at Deutsche Bank (DB).

Shares have traded today between $4.12 and $4.53 with the price of the stock fluctuating between $3.67 to $15.88 over the last 52 weeks.

Star Bulk Carriers Corp. shares are currently changing hands at 35x this year’s forecasted earnings, compared to the industry’s 0.68x earnings multiple. Ticker has a t-12 price/sales ratio of 9.96. EPS for the same period registers at ($0.18).

Shares of SBLK have lost $0.39 to $4.23 in mid-day trading on Monday, giving it a market cap of roughly $385.05 million. The stock traded as high as $15.88 in March 6, 2014.

Morgan Stanley (MS) reported on Monday that they have lowered their rating for China Mobile Limited (CHL). The firm has downgraded CHL from ‘Overweight‘ to ‘Equal-Weight‘.

China Mobile Ltd. recently traded at $67.36, a loss of $0.39 over Friday’s closing price. The name has a current market capitalization of $273.65 billion.

As for passive income investors, the company pays shareholders $1.79 per share annually in dividends, yielding 2.60%. Five year average dividend yield currently stands at 4.40%.

TCP International Holdings Ltd. (TCPI) had its rating lowered from ‘Overweight‘ to ‘Neutral‘ by analysts at Piper Jaffray on Monday. Currently there are 4 analysts that rate TCPI a ‘Buy’. No analyst rates it a ‘Sell’ or a ‘Hold’.

TCPI was up $0.05 at $2.79 in mid-day trade, moving within a 52-week range of $2.60 to $11.40. The name, valued at $77.27 million, opened at $3.20.

On valuation measures, TCP International Holdings Ltd. shares are currently priced at 7.06x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.17. EPS for the same period registers at $0.40.

Isis Pharmaceuticals, Inc. (ISIS) was downgraded by analysts at Stifel from a ‘Buy‘ rating to a ‘Hold‘ rating in a research report issued to clients on Monday.

ISIS closed at $68.56 on Friday and is currently trading down $2.64.

In the past 52 weeks, shares of Carlsbad, California-based company have traded between a low of $22.25 and a high of $75.24 and are now trading at $65.92. Shares are up 21.62% year-over-year and 11.05% year-to-date.

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