Notable Downgrades: Himax Technologies, Inc. (HIMX), Chesapeake Energy (CHK), The ExOne Company (XONE), Lumber Liquidators (LL)

Analysts at BofA/Merrill (BAC) downgraded Himax Technologies, Inc. (HIMX) from ‘Buy‘ to ‘Underperform‘ in a research report issued to clients on Tuesday.

On valuation measures, Himax Technologies Inc. stock it’s trading at a forward P/E multiple of 12.47x, and at a multiple of 17.41x this year’s estimated earnings. The t-12-month revenue at Himax is $840.54 million. HIMX ‘s ROE for the same period is 13.83%.

Shares of the $1.16 billion market cap company are down 46.91% year-over-year and 7.32% year-to-date.

Himax Technologies Inc., currently with a median Wall Street price target of $8.40 and a high target of $11.45, dropped $0.71 to $6.76 in recent trading.

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

Chesapeake Energy Corporation (CHK) was downgraded from ‘Accumulate‘ to ‘Sell‘ and the price target was cut to $11 from $19 at Global Hunter Securities.

Shares have traded today between $13.67 and $13.94 with the price of the stock fluctuating between $13.47 to $29.92 over the last 52 weeks.

Chesapeake Energy Corp. shares are currently changing hands at 7.39x this year’s forecasted earnings, compared to the industry’s 17.08x earnings multiple. Ticker has a t-12 price/sales ratio of 0.44. EPS for the same period registers at $1.87.

Shares of CHK have lost $0.14 to $13.82 in mid-day trading on Tuesday, giving it a market cap of roughly $9.16 billion. The stock traded as high as $29.92 in July 1, 2014.

FBR Capital reported on Tuesday that they have lowered their rating for The ExOne Company (XONE). The firm has downgraded XONE from ‘Outperform‘ to ‘Market Perform‘ and lowered its price target to $17 from $37, implying 54 percent downside.

ExOne Co. recently traded at $14.11, a loss of $1.04 over Monday’s closing price. The name has a current market capitalization of $203.78 million.

Lumber Liquidators Holdings, Inc. (LL) was reiterated a ‘Neutral’ by Credit Suisse (CS) analysts on Tuesday. The broker also cut its price target on the stock to $40 from $55.

LL shares recently lost $0.32 to $29.61. The stock is down more than 70% year-over-year and has lost roughly 55% year-to-date. In the past 52 weeks, shares of Toano, Virginia-based hardwood flooring retailer have traded between a low of $27.79 and a high of $108.40.

Lumber Liquidators Holdings closed Monday at $29.93. The name has a total market cap of $801.51 million.

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