Notable Downgrades: Diplomat Pharmacy (DPLO), Gilead Sciences (GILD), Dunkin’ Brands Group (DNKN), Progress Software (PRGS)

Downgrades

Analysts at Morgan Stanley (MS) downgraded Diplomat Pharmacy, Inc. (DPLO) from ‘Overweight’ to ‘Equal-Weight’ in a research report issued to clients on Friday.

On valuation measures, Diplomat Pharmacy Inc. stock it’s trading at a forward P/E multiple of 31.68x, and at a multiple of 150.38x this year’s estimated earnings. The t-12-month revenue at Diplomat Pharmacy Inc. is $2.64 billion. DPLO ‘s ROE for the same period is 3.03%.

Shares of the $1.76 billion market cap company are up 7.78% since the beginning of the year.

Diplomat Pharmacy Inc., currently with a median Wall Street price target of $55 and a high target of $58, dropped $1.85 to $27.65 in recent trading.

Gilead Sciences Inc. (GILD) was downgraded from ‘Overweight’ to ‘Equal-Weight’ at Morgan Stanley.

Shares have traded today between $94.37 and $97.92 with the price of the stock fluctuating between $85.95 to $123.37 over the last 52 weeks.

Gilead Sciences Inc. shares are currently changing hands at 10.07x this year’s forecasted earnings, compared to the industry’s -11.03x earnings multiple. Ticker has a t-12 price/sales ratio of 4.94. EPS for the same period registers at $9.48.

Shares of GILD have lost $2.89 to $95.38 in midday trading on Friday, giving it a market cap of roughly $140 billion. The stock traded as high as $123.37 in June 24, 2015.

Dunkin’ Brands Group, Inc. (DNKN) was reiterated a ‘Neutral’ by UBS analysts on Friday. The broker cut its price target on the stock to $45 from $52, following the stock’s biggest one-day drop ever Thursday.

Fundamentally, Dunkin’ Brands shows the following financial data:

  • $328.60 million in cash in most recent quarter
  • $3.18 billion t-12 total assets
  • $374.95 million total equity
  • $783.18 million t-12 revenue
  • $176.36 million annual net income
  • $175.69 million free cash flow

DNKN closed at $43 on Thursday and is currently trading up $0.53.

In the past 52 weeks, shares of the doughnut chain have traded between a low of $41.55 and a high of $56.79 and are now trading at $43.53.

Shares are down 1.23% year-over-year ; up 2.46% year-to-date.

Progress Software Corporation (PRGS) was reiterated as ‘Neutral’ with a $25 from $29 price target on Friday by Wedbush.

PRGS was down $2.51 at $23.12 in midday trade, moving within a 52-week range of $21.94 to $30.57. The name, valued at $1.16 billion, opened at $22.19.

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