Notable Downgrades: Lumenis Ltd. (LMNS), Spirit Airlines (SAVE), Axovant Sciences (AXON), Oracle (ORCL)

Analysts at Maxim Group downgraded Lumenis Ltd. (LMNS) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Thursday.

On valuation measures, Lumenis Ltd. stock it’s trading at a forward P/E multiple of 17.11x, and at a multiple of 28.46x this year’s estimated earnings. The t-12-month revenue at Lumenis Ltd. is $292.42 million. LMNS ‘s ROE for the same period is 18.93%.

Shares of the $493.10 million market cap company are up 33.04% year-over-year and 29.34% year-to-date.

Lumenis Ltd., currently with a median Wall Street price target of $16.50 and a high target of $18.00, rose $1.61 to $13.69 in recent trading.

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

Spirit Airlines, Inc. (SAVE) was downgraded from ‘Outperform‘ to ‘Neutral‘ at Credit Suisse (CS).

Shares have traded today between $60.59 and $62.12 with the price of the stock fluctuating between $52.75 to $85.35 over the last 52 weeks.

Spirit Airlines Inc. shares are currently changing hands at 17.67x this year’s forecasted earnings, compared to the industry’s 71.57x earnings multiple. Ticker has a t-12 price/sales ratio of 2.29. EPS for the same period registers at $3.51.

Shares of Spirit Airlines have lost $0.40 to $62.02 in midday trading on Thursday, giving it a market cap of $4.53 billion. The stock traded as high as $85.35 in December 8, 2014.

Investment analysts at Chardan Capital Markets initiated coverage on shares of Axovant Sciences Ltd. (AXON) in a note issued to investors on Thursday. The firm set a ‘Sell‘ rating and a $10 price target on the stock.

Axovant Sciences Ltd is currently valued at $1.47 billion. In the past week, shares of Hamilton, Bermuda-based company have traded between a low of $19.16 and a high of $31.17.

Axovant Sciences Ltd. currently prints a loss of around 30%.

Oracle Corporation (ORCL) was reiterated a ‘Neutral’ by MKM Partners analysts on Thursday. The broker also cut its price target on the stock to $42 from $44.

Currently, the stock is sitting at $42.55, a 5.25% loss, and is 0.49% higher year-to-date, compared with an 7.19% gain in the S&P 500.

ORCL closed Wednesday at $44.91. The company has a total market cap of 185.85 billion.

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