Notable Downgrades: Monster Beverage (MNST), Nvidia (NVDA), Fluidigm Corporation (FLDM), Green Dot (GDOT)

Analysts at Goldman Sachs (GS) downgraded Monster Beverage Corporation (MNST) from ‘Buy‘ to ‘Neutral‘ in a research report issued to clients on Friday.

On valuation measures, Monster Beverage Corp. stock it’s trading at a forward P/E multiple of 32.06x, and at a multiple of 46.47x this year’s estimated earnings. The t-12-month revenue at Monster Beverage Corp. is $2.46 billion. MNST ‘s ROE for the same period is 38.54%.

Shares of the $21.90 billion market cap company are up more than 120% year-over-year and 32.43% year-to-date.

Monster Beverage Corp., currently with a median Wall Street price target of $150.00 and a high target of $168.00, dropped $14.72 to $128.77 in recent trading.

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

Nvidia Corporation (NVDA) was downgraded from ‘Buy‘ to ‘Neutral‘ and the price target was cut to $22 from $26 at ROTH Capital.

Shares have traded today between $20.49 and $21.84 with the price of the stock fluctuating between $16.77 to $23.61 over the last 52 weeks.

Nvidia Corp. shares are currently changing hands at 18.63x this year’s forecasted earnings, compared to the industry’s 3.78x earnings multiple. Ticker has a t-12 price/sales ratio of 2.64. EPS for the same period registers at $1.12.

Shares of NVDA have lost $1.63 to $20.87 in mid-day trading on Friday, giving it a market cap of $11.54 billion. The stock traded as high as $23.61 in March 20, 2015.

Mizuho reported on Friday that they have lowered their rating for Fluidigm Corporation (FLDM). The firm has downgraded FLDM from ‘Buy‘ to ‘Neutral‘ and lowered its price target to $30 from $50, implying 40% expected downside.

Fluidigm Corp. recently traded at $27.35, a loss of $10.08 over Thursday’s closing price. The name has a current market cap of $775.86 million.

Green Dot Corporation (GDOT) had its rating lowered from ‘Buy‘ to ‘Neutral‘ by analysts at Compass Point on Friday. The firm sees shares as fairly valued at $18 from $22, versus $16.72 close. Currently there are 6 analysts that rate GDOT a ‘Buy‘ vs. 10 rating it a ‘Hold‘.

GDOT was down $1.44 at $15.28 in mid-day trade, moving within a 52-week range of $13.87 to $24.47. The name, valued at $789.97 million, opened at $15.17.

On valuation measures, Green Dot Corp. Cl A shares are currently priced at 16.98x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.42. EPS for the same period registers at $0.90.

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