Notable Downgrades: American Eagle Outfitters (AEO), Ohr Pharmaceutical (OHRP), Semtech (SMTC), GameStop Corp. (GME)

Analysts at Goldman (GS) downgraded American Eagle Outfitters, Inc. (AEO) from ‘Neutral‘ to ‘Sell‘ in a research report issued to clients on Friday.

On valuation measures, American Eagle Outfitters Inc. stock it’s trading at a forward P/E multiple of 16.90x, and at a multiple of 40.08x this year’s estimated earnings. The t-12-month revenue at American Eagle Outfitters is $3.28 billion. AEO ‘s ROE for the same period is 7.70%.

Shares of the $3.23 billion market cap company are up 42.42% year-over-year and 21.90% year-to-date.

American Eagle Outfitters Inc., currently with a median Wall Street price target of $17.50 and a high target of $22.00, dropped $0.37 to $16.555 in recent trading.

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

Ohr Pharmaceutical, Inc. (OHRP) was downgraded from ‘Buy‘ to ‘Neutral‘ and the price target was cut to $8 from $20 at Chardan Capital Markets.

Shares have traded today between $2.82 and $3.24 with the price of the stock fluctuating between $2.82 to $14.60 over the last 52 weeks.

Ohr Pharmaceutical Inc. shares have a trailin-12 EPS of ($0.5). Shares have lost $5.88 to $2.85 in mid-day trading on Friday, giving it a market cap of roughly $72.40 million. The stock traded as high as $14.60 in April 3, 2014.

Raymond James reported on Friday that they have lowered their rating for Semtech Corporation (SMTC). The firm has downgraded SMTC from ‘Strong Buy‘ to ‘Outperform‘ .

Semtech Corp. recently traded at $26.15, a loss of $0.86 over Thursday’s closing price. The name has a current market capitalization of $1.75 billion.

Shares of GameStop Corp. (GME) are down $0.49 to $38.30 in mid-day trading after Needham reiterated its ‘Buy’ rating and decreased its 12-month base case estimate on the name by 3 points to $52 a share.

GameStop Corp., currently valued at $4.15 billion, has a median Wall Street price target of $48.00 with a high target of $64.00. Approximately 4.70 million shares have already changed hands, compared to the stock’s average daily volume of 2.25 million.

In the past 52 weeks, shares of Grapevine, Texas company have traded between a low of $31.69 and a high of $46.59 with the 50-day MA and 200-day MA located at $38.89 and $38.78 levels, respectively. Additionally, shares of GME trade at a P/E ratio of 0.65 and have a Relative Strength Index (RSI) and MACD indicator of 42.98 and -1.32, respectively.

GME currently prints a one year return of about 3% and a year-to-date return of around 16%.

Be the first to comment

Leave a Reply

Your email address will not be published.


*