Notable Downgrades: Valeant Pharma (VRX), eBay Inc. (EBAY), Werner Enterprises (WERN), VMware (VMW), Sanmina (SANM)

Analysts at BMO Capital are out with a report this morning downgrading shares of Valeant Pharmaceuticals Int’l, Inc. (VRX) with a ‘Market Perform’ from ‘Outperform’ rating. The name was downgraded based on the specialty pharma structure.

VRX shares are currently priced at 40.69x this year’s forecasted earnings, which makes them expensive compared to the industry’s 10.16x earnings multiple. Ticker has a t-12 price-to-sales ratio of 4.39. EPS for the same period is $2.41.

Over the past year, shares of Laval, Canada-based firm have traded between a low of $88.50 and a high of $263.81 and are now at $98.11.

Shares are down 9.03% year-over-year and 17.12% year-to-date.

eBay Inc. (EBAY) was reiterated as ‘Neutral’ with a $29 from $30 price target on Thursday by Mizuho.

EBAY shares recently gained $3.20 to $27.41. The stock is up more than 13% year-over-year and has gained roughly 2.50% year-to-date. In the past 52 weeks, shares of San Jose, California-based company have traded between a low of $21.20 and a high of $29.35.

eBay closed Wednesday at $24.21. The name has a current market cap of $33.39 billion.

Werner Enterprises Inc. (WERN) was downgraded from ‘Neutral’ to ‘Sell’ with a $26 from $29 price target cut at UBS.

Shares have traded today between $25.51 and $27.39 with the price of the stock fluctuating between $24.88 to $33.42 over the last 52 weeks.

Werner Enterprises Inc. shares are currently changing hands at 16.73x this year’s forecasted earnings, compared to the industry’s 24.93x earnings multiple. Ticker has a t-12 price/sales ratio of 0.93. EPS for the same period registers at $1.57.

Shares of WERN have lost $1.33 to $26.28 in midday trading on Thursday, giving it a market cap of roughly $1.90 billion. The stock traded as high as $33.42 on March 19, 2015.

Oppenheimer reported on Thursday that they have lowered their rating for VMware, Inc. (VMW). The firm has downgraded VMW from ‘Outperform’ to ‘Perform’, noting the shares could remain volatile.

VMware Inc. recently traded at $56.36, a gain of $0.94 over Wednesday’s closing price. The name has a current market capitalization of $23.79 billion.

Sanmina Corporation (SANM) had its rating lowered from ‘Neutral’ to ‘Sell’ by analysts at Goldman Sachs (GS) on Thursday.

SANM was down $1.64 at $21.33 in midday trade, moving within a 52-week range of $17.55 to $26.08. The name, valued at $1.72 billion, opened at $22.35.

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