Notable Downgrades: Gannett (GCI), Garmin (GRMN), SAP SE (SAP), Bonanza Creek Energy (BCEI), McDonald’s (MCD)

Analysts at FBR Capital downgraded Gannett Co., Inc. (GCI) from ‘Outperform‘ to ‘Market Perform‘ in a research report issued to clients on Monday.

On valuation measures, Gannett Co. Inc. stock it’s trading at a forward P/E multiple of 11.73x, and at a multiple of 7.78x this year’s estimated earnings. The t-12-month revenue at Gannett Co. is $6.01 billion. GCI ‘s ROE for the same period is 35.22%.

Shares of the $8.08 billion market cap company are up 36.51% year-over-year  and 17.76% year-to-date.

Gannett Co. Inc., currently with a median Wall Street price target of $39.00 and a high target of $44.00, dropped $1.77 to $35.62 in recent trading.

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

Garmin Ltd. (GRMN) was downgraded from ‘Buy‘ to ‘Sell‘ and the price target was cut to $42 from $68 at Citigroup (C).

Shares have traded today between $44.58 and $46.78 with the price of the stock fluctuating between $44.58 to $62.05 over the last 52 weeks.

Garmin Ltd. shares are currently changing hands at 24.87x this year’s forecasted earnings, compared to the industry’s 12.52x earnings multiple. Ticker has a t-12 price/sales ratio of 3.11. EPS for the same period registers at $1.88.

Shares of GRMN have gained $0.27 to $46.76 in mid-day trading on Monday, giving it a market cap of roughly $9 billion. The stock traded as high as $62.05 in July 3, 2014.

Wells Fargo (WFC) reported on Monday that they have lowered their rating for SAP SE (SAP). The firm has downgraded SAP from a ‘Market Perform‘ to ‘Underperform‘ rating.

SAP SE ADS recently traded at $73.71, a gain of $0.95 over Thursday’s closing price. The name has a current market capitalization of $88.09 billion.

As for passive income investors, the company pays shareholders $1.38 per share annually in dividends, yielding 1.90%. Five year average dividend yield currently stands at 1.20%.

Bonanza Creek Energy, Inc. (BCEI) was reiterated a ‘Buy’ by Topeka Capital Markets analysts on Monday. The broker also cut its price target on the stock to $32 from $36.

BCEI shares recently gained $2.25 to $27.26. In the past 52 weeks, shares of Denver, Colorado-based energy firm have traded between a low of $16.36 and a high of $62.94. Shares are down 44.77% year-over-year ; up 4.21% year-to-date.

McDonald’s Corp. (MCD) was reiterated as ‘Outperform’ with a $110 from $115 price target on Monday by RBC Capital Markets.

McDonald’s Corp. shares are currently priced at 20.06x this year’s forecasted earnings compared to the industry’s 27.05x earnings multiple. Ticker has a PEG and forward P/E ratio of 3.20 and 18.17, respectively. Price/Sales for the same period is 3.36 while EPS is $4.82. Currently there are 5 analysts that rate MCD a ‘Buy’, 19 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. MCD has a median Wall Street price target of $98.50 with a high target of $115.00.

In the past 52 weeks, shares of Oak Brook, Illinois-based company have traded between a low of $87.62 and a high of $103.78 and are now at $96.69. Shares are up 1.60% year-over-year and 3.17% year-to-date.

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