Notable Downgrades: Tesla (TSLA), iDreamSky (DSKY), Twitter (TWTR), Informatica Corp (INFA), Chesapeake Energy (CHK)

Analysts at Credit Agricole downgraded Tesla Motors, Inc. (TSLA) from ‘Outperform‘ to ‘Underperform‘ in a research report issued to clients on Wednesday.

The target price for TSLA is lowered from $275 to $220.

On valuation measures, Tesla Motors Inc. stock it’s trading at a forward P/E multiple of 47.19x this year’s estimated earnings. The t-12-month revenue is $3.20 billion. TSLA ‘s ROE for the same period is (37.25%).

Shares of the $24.41 billion market cap company are down 8.38% year-over-year and 9.30% year-to-date.

Tesla Motors Inc., currently with a median Wall Street price target of $275.00 and a high target of $400.00, dropped $7.61 to $194.11 in recent trading.

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

iDreamSky Technology Limited (DSKY) was downgraded from ‘Overweight‘ to ‘Neutral‘ and the price target was cut to $9 from $24 at JP Morgan (JPM).

Shares have traded today between $7.12 and $7.42 with the price of the stock fluctuating between $6.64 to $25.95 over the last 52 weeks.

iDreamSky Technology Ltd. ADS shares currently have a t-12 price/sales ratio of 4.97. EPS for the same period registers at ($2.52).

Shares of DSKY have lost $0.24 to $7.31 in mid-day trading on Wednesday, giving it a market cap of $309.38 million. The stock traded as high as $25.95 in Sept. 8, 2014.

Pivotal Research Group reported on Wednesday that they have lowered their rating for Twitter, Inc. (TWTR). The firm has downgraded the name from ‘Buy‘ to ‘Hold‘ and set its price target at $51, noting TWTR has reached a price which the equity firm considers to be fair.

Twitter Inc. recently traded at $49.66, a loss of $1.81 over Tuesday’s closing price. The name has a current market capitalization of $31.65 billion.

Informatica Corporation (INFA) had its rating lowered from ‘Buy‘ to ‘Neutral‘ by analysts at Mizuho on Wednesday. The firm sees shares as fairly valued at $47, versus $44.00 close. Currently there are 8 analysts that rate INFA a ‘Buy’, no analyst rates it a ‘Sell’, and 17 rate it a ‘Hold’.

INFA was down $1.00 at $43.00 in mid-day trade, moving within a 52-week range of $29.87 to $45.45. The name, valued at $4.71 billion, opened at $43.74.

On valuation measures, Informatica Corp. shares are currently priced at 41.77x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 4.59. EPS for the same period registers at $1.03.

Chesapeake Energy Corporation (CHK) was reiterated a ‘Buy’ by KLR Group analysts on Wednesday. The broker however, cut its price target on the stock to $22 from $24.

On valuation measures, Chesapeake Energy Corp. shares have a T-12 price/sales ratio of 0.45 and a price/book for the same period of 0.68. EPS is $1.53. The name has a market cap of $9.52 billion and a median Wall Street price target of $20.00 with a high target of $27.00. Currently there are 8 analysts that rate CHK a ‘Buy’, 18 rate it a ‘Hold’. 3 analyst rates it a ‘Sell’.

In terms of share statistics, Chesapeake Energy Corp. has a total of 665.04 million shares outstanding with 1.24% held by insiders and 81.60% held by institutions. The stock’s short interest currently stands at 16.94%, bringing the total number of shares sold short to 110.73 million.

Offering a dividend yield of 2.44%, shares of the Oklahoma City Oklahoma-based energy company are down 38.03% year-over-year and 26.76% year-to-date.

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