Notable Downgrades: EMC Corporation (EMC), Vera Bradley (VRA), FMC Technologies (FTI), BRF S.A. (BRFS), Seagate Technology (STX)

Analysts at Wells Fargo downgraded EMC Corporation (EMC) from ‘Outperform’ to ‘Market Perform’ in a research report issued to clients on Wednesday.

On valuation measures, EMC Corp. stock it’s trading at a forward P/E multiple of 11.81x, and at a multiple of 19.75x this year’s estimated earnings. The t-12-month revenue at EMC Corp. is $24.44 billion. EMC ‘s ROE for the same period is 12.23%.

Shares of the $51.63 billion market cap company are up 0.90% year-over-year ; down 9.38% year-to-date.

EMC Corp., currently with a median Wall Street price target of $31.00 and a high target of $34.00, dropped $0.98 to $25.97 in recent trading.

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

Vera Bradley, Inc. (VRA) was downgraded from ‘Buy‘ to ‘Hold‘ and the price target was cut to $15 from $27 at Wunderlich.

Shares have traded today between $14.81 and $16.58 with the price of the stock fluctuating between $14.81 to $30.00 over the last 52 weeks.

Vera Bradley Inc. shares are currently changing hands at 15.05x this year’s forecasted earnings, compared to the industry’s 22.23x earnings multiple. Ticker has a t-12 price/sales ratio of 1.41. EPS for the same period registers at $1.00.

Shares of VRA have lost $3.05 to $15.02 in mid-day trading on Wednesday, giving it a market cap of roughly $605.40 million. The stock traded as high as $30.00 in May 8, 2014.

FBR Capital reported on Wednesday that they have lowered their rating for FMC Technologies, Inc. (FTI). The firm has downgraded FTI from ‘Market Perform‘ to ‘Underperform‘ and lowered its price target to $31 from $50. The firm’s new PT represents expected downside of 25% from the stock’s current price-per-share.

FMC Technologies Inc. recently traded at $37.47, a loss of $0.57 over Tuesday’s closing price. The name has a current market cap of $8.67 billion.

BRF S.A. (BRFS) had its rating lowered from ‘Outperform‘ to ‘Neutral‘ by analysts at Credit Suisse (CS) on Wednesday. Currently there are 8 analysts that rate BRFS a ‘Buy’, 2 analysts rate it a ‘Sell’, and 5 rate it a ‘Hold’.

BRFS was down $0.35 at $19.74 in mid-day trade, moving within a 52-week range of $18.22 to $27.31. The name, valued at $17.12 billion, opened at $19.80.

On valuation measures, BRF S.A. ADS shares are currently priced at 23.25x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.84. EPS for the same period registers at $0.85.

As for passive income investors, the firm pays stockholders $0.03 per share annually in dividends, yielding 0.20%.

Seagate Technology Public Limited Company (STX) was downgraded by Craig Hallum from a ‘Buy‘ rating to a ‘Hold‘ rating in a research report issued to clients on Wednesday. They currently have a $56 price objective on the stock, 13 points lower from their previous price target of $69.

STX closed at $54.41 on Tuesday and is currently trading down $0.26.

In the past 52 weeks, shares of the company have traded between a low of $48.49 and a high of $69.40 and are now trading at $54.15. Shares are up 11.27% year-over-year ; down 17.45% year-to-date.

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