Notable Downgrades: SolarCity (SCTY), Alibaba Group (BABA), Charter Communications (CHTR), Sibanye Gold (SBGL)

Analysts at Robert W. Baird downgraded SolarCity Corporation (SCTY) from ‘Outperform‘ to ‘Neutral‘ in a research report issued to clients on Monday.

The target price for SCTY is lowered from $76 to $65.

SolarCity Corp., currently with a median Wall Street price target of $76.00 and a high target of $98.00, dropped $0.75 to $60.87 in recent trading.

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

Alibaba Group Holding Limited (BABA) was reiterated as ‘Buy’ with a $115 from $125 price target on Monday by MKM Partners.

BABA shares recently lost $0.57 to $80.60. In the past 52 weeks, shares of the online and mobile commerce company have traded between a low of $80.03 and a high of $120.00. Shares are down 21.91% year-to-date.

Charter Communications, Inc. (CHTR) was reiterated as ‘Buy’ with a $205 from $218 price target on Monday by Canaccord Genuity.

On valuation measures, Charter Communications, Inc. shares have a PEG and forward P/E ratio of 65.08 and 58.86, respectively. Price/Sales for the same period is 2.30 while EPS is ($1.69). Currently there are 9 analysts that rate CHTR a ‘Buy’, 8 rate it a ‘Hold’. No analyst rates it a ‘Sell’. CHTR has a median Wall Street price target of $203.50 with a high target of $236.00.

In the past 52 weeks, shares of Stamford, Connecticut-based company have traded between a low of $134.14 and a high of $199.00 and are now at $189.75. Shares are up 37.13% year-over-year and 12.49% year-to-date.

Sibanye Gold Limited (SBGL) had its rating lowered from ‘Neutral‘ to ‘Sell‘ by analysts at Citigroup (C) on Monday. Currently there are 5 analysts that rate SBGL a ‘Buy‘, 1 analyst rates it a ‘Sell‘, and 6 rate it a ‘Hold‘.

SBGL was down $0.94 at $8.33 in mid-day trade, moving within a 52-week range of $6.51 to $11.56. The name, valued at $1.90 billion, opened at $8.68.

On valuation measures, Sibanye Gold Ltd. ADS shares are currently priced at 13.88x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.18. EPS for the same period registers at $0.60.

As for passive income investors, the firm pays stockholders $0.42 per share annually in dividends, yielding 4.70%.

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