Notable Downgrades: Potash (POT), Splunk (SPLK), Himax (HIMX), Abercrombie & Fitch (ANF)

Analysts at TD Securities downgraded Potash Corp. of Saskatchewan, Inc. (POT) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Friday.

On valuation measures, Potash Corp. of Saskatchewan Inc. stock it’s trading at a forward P/E multiple of 14.76x, and at a multiple of 16.95x this year’s estimated earnings. The t-12-month revenue at Potash Corp. of Saskatchewan Inc. is $6.53 billion. POT ‘s ROE for the same period is 17.11%.

Shares of the $26.32 billion market cap company are down 6.91% year-over-year and 6.49% year-to-date.

Potash Corp, currently with a median Wall Street price target of $36.00 and a high target of $45.00, dropped $0.78 to $31.55 in recent trading.

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

Shares of Splunk, Inc. (SPLK) are down $3.37 to $67.70 in mid-day trading after Canaccord Genuity reiterated its ‘Buy’ rating while lowering its 12-month base case estimate on the name by 3 points to $83 a share.

Splunk Inc., currently valued at $8.48 billion, has a median Wall Street price target of $82.00 with a high target of $90.00. Approximately 7 million shares have already changed hands, compared to the stock’s average daily volume of 1.99 million.

In the past 52 weeks, shares of San Francisco, California-based company have traded between a low of $39.35 and a high of $74.88 with the 50-day MA and 200-day MA located at $66.75 and $62.70 levels, respectively. Additionally, shares of SPLK have a Relative Strength Index (RSI) and MACD indicator of 51.12 and +0.50, respectively.

Splunk Inc. currently prints a year-to-date return of around 20.56%.

Himax Technologies, Inc. (HIMX) was downgraded from ‘Neutral‘ to ‘Sell‘ and the price target was cut to $4 from $5 at Chardan Capital Markets.

Shares have traded today between $6.10 and $6.30 with the price of the stock fluctuating between $5.70 to $10.45 over the last 52 weeks.

Himax Technologies Inc. ADS shares are currently changing hands at 16.37x this year’s forecasted earnings, compared to the industry’s 12.99x earnings multiple. Ticker has a t-12 price/sales ratio of 1.36. EPS for the same period registers at $0.38.

Shares of HIMX have lost $0.31 to $6.22 in mid-day trading on Friday, giving it a market cap of roughly $1.06 billion. The stock traded as high as $10.45 in September 30, 2014.

Abercrombie & Fitch Co. (ANF) had its rating lowered from ‘Neutral‘ to ‘Sell‘ by analysts at Janney on Friday. The firm sees EPS risk and believes negative comps may persist.

ANF was down $1.59 at $20.51 in mid-day trade, moving within a 52-week range of $19.34 to $45.50. The name, valued at $1.43 billion, opened at $21.69.

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