Notable Downgrades: Apollo Education Group (APOL), Sysco (SYY), BlackBerry (BBRY), Abercrombie & Fitch (ANF)

Analysts at Bank of America (BAC) downgraded Apollo Education Group, Inc. (APOL) from ‘Neutral‘ to ‘Underperform‘ in a research report issued to clients on Tuesday.

On valuation measures, Apollo Education Group Inc. Cl A stock it’s trading at a forward P/E multiple of 11.50x, and at a multiple of 15.04x this year’s estimated earnings. The t-12-month revenue at Apollo Education Group Inc. Cl A is $2.80 billion. APOL ‘s ROE for the same period is 7.78%.

Shares of the $1.42 billion market cap company are down 49.97% year-over-year and 54.44% year-to-date.

Apollo Education Group Inc., currently with a median Wall Street price target of $20.50 and a high target of $29.00, dropped $2.44 to $13.0955 in recent trading.

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

Deutsche Bank (DB) reported on Tuesday that they have lowered their rating for Sysco Corporation (SYY). The firm has downgraded SYY from ‘Buy‘ to ‘Hold‘ and lowered its price target to $40 from $50.

Sysco Corp. recently traded at $35.99, a loss of $1.25 over Monday’s closing price. The name has a current market capitalization of $21.37 billion.

As for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 3.10%. Five year average dividend yield currently stands at 3.40%.

BlackBerry Limited (BBRY) was reiterated a ‘Market Perform’ by Cowen analysts on Tuesday. The broker also cut its price target on the stock to $10 from $11.

BBRY was down $0.19 at $8.10 in midday trade, moving within a 52-week range of $8.04 to $12.63. The name, valued at $4.28 billion, opened at $8.30.

Abercrombie & Fitch Co. (ANF) had its rating lowered from ‘Outperform‘ to ‘Market Perform‘ by analysts at FBR Capital on Tuesday. Currently there are 7 analysts that rate ANF a ‘Buy‘, 8 analysts rate it a ‘Sell‘, and 17 rate it a ‘Hold‘.

ANF closed at $22.14 on Monday and is currently trading down $0.59.

In the past 52 weeks, shares of New Albany, Ohio-based retailer have traded between a low of $19.34 and a high of $45.50 and are now trading at $21.55. Shares are down 47.06% year-over-year and 21.34% year-to-date.

As for passive income investors, the company pays stockholders $0.80 per share annually in dividends, yielding 3.40%.

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