Notable Downgrades: Viacom, Inc. (VIAB), FireEye (FEYE), Fossil Group (FOSL)

Analysts at Goldman (GS) downgraded Viacom, Inc. (VIAB) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Monday.

On valuation measures, Viacom Inc. stock it’s trading at a forward P/E multiple of 7.47x, and at a multiple of 10.53x this year’s estimated earnings. The t-12-month revenue at Viacom Inc. is $13.47 billion. VIAB ‘s ROE for the same period is 49.09%.

Shares of the $17.94 billion market cap company are down 39.12% year-over-year and 39.92% year-to-date.

Viacom Inc., currently with a median Wall Street price target of $60.00 and a high target of $87.00, rose $0.76 to $45.09 in recent trading.

FireEye, Inc. (FEYE) was downgraded from ‘Overweight’ to ‘Neutral’ at Piper Jaffray.

Shares have traded today between $30.35 and $31.95 with the price of the stock fluctuating between $24.81 to $55.33 over the last 52 weeks.

Shares of FireEye have lost $1.22 to $31.84 in mid-day trading on Monday, giving it a market cap of $5.08 billion. The stock traded as high as $55.33 in June 18, 2015.

Fossil Group, Inc. (FOSL) had its rating lowered by analysts at Piper Jaffray on Monday. The firm sees shares as fairly valued at $53 to $46, versus $55.38 close. Currently there are 3 analysts that rate FOSL a ‘Buy’, 1 analyst rates it a ‘Sell’, whereas 9 rate it a ‘Hold’.

FOSL was down $0.33 at $55.05 in mid-day trade, moving within a 52-week range of $53.05 to $115.20. The name, valued at $2.65 billion, opened at $54.48.

On valuation measures, Fossil Group Inc. shares are currently priced at 7.98x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.78. EPS for the same period registers at $6.90.

Be the first to comment

Leave a Reply

Your email address will not be published.


*