Analysts at Piper Jaffray downgraded Crocs, Inc. (CROX) from ‘Overweight’ to ‘Neutral’ in a research report issued to clients on Thursday.
The target price for CROX is lowered from $17 to $12.
On valuation measures, Crocs Inc. stock it’s trading at a forward P/E multiple of 18.43x this year’s estimated earnings. The t-12-month revenue at Crocs is $1.12 billion. CROX ‘s ROE for the same period is (3.84%).
Shares of the $831.99 million market cap company are up 2.78% year-over-year and 3.52% year-to-date.
Crocs Inc., currently with a median Wall Street price target of $16.50 and a high target of $19.00, dropped $1.79 to $11.14 in recent trading.
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Illumina Inc. (ILMN) was downgraded from ‘Outperform’ to ‘Market Perform’ at Leerink Partners.
Shares have traded today between $156.59 and $168.60 with the price of the stock fluctuating between $145.12 to $242.37 over the last 52 weeks.
Illumina Inc. shares are currently changing hands at 47.93x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 12.28. EPS for the same period registers at $3.28.
Shares of Illumina have lost $18.80 to $157.02 in mid-day trading on Thursday, giving it a market cap of roughly $23 billion. The stock traded as high as $242.37 in July 20, 2015.
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UBS reported on Thursday that they have lowered their rating for AGCO Corporation (AGCO). The firm has downgraded AGCO from ‘Neutral’ to ‘Sell’ and lowered its price target to $39 from $52.
AGCO Corp. recently traded at $44.04, a loss of $2.59 over Wednesday’s closing price. The name has a current market capitalization of $3.84 billion.
As for passive income investors, the company pays shareholders $0.48 per share annually in dividends, yielding 1.05%.
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Intersect ENT, Inc. (XENT) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Thursday. The broker however, cut its price target on the stock to $26 from $32, versus $23.40 close. Currently there are 8 analysts that rate XENT a ‘Buy’, no analysts rate it a ‘Sell’.
XENT was down $3.37 at $20.03 in mid-day trade, moving within a 52-week range of $15.06 to $32.85. The name, valued at $560.64 million, opened at $23.13.
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Barracuda Networks, Inc. (CUDA) was reiterated as ‘Buy’ with a $42 from $55 price target on Thursday by Topeka Capital Markets.
CUDA closed at $15.58 on Wednesday and is currently trading up $0.18.
In the past 52 weeks, shares of the Campbell, California-based security and storage solutions designer have traded between a low of $14.77 and a high of $46.78 and are now trading at $15.76.
Shares are down 56.53% since the beginning of the year.
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