Notable Downgrades: PayPal (PYPL), GoPro (GPRO), Arris Group (ARRS), F5 Networks (FFIV), SunPower (SPWR)

PayPal Holdings, Inc. (PYPL) was reiterated a ‘Neutral’ by UBS analysts on Thursday. The broker cut its price target on the stock to $40 from $42.

On valuation measures, PayPal Holdings stock it’s trading at a forward P/E multiple of 24.04x, and at a multiple of 40.46x this year’s estimated earnings. The t-12-month revenue at PayPal Holdings Inc. is $8.60 billion. PYPL ‘s price/sales for the same period is 5.17.

Shares of the $43.69 billion market cap company are down 0.52% since its IPO.

PayPal Holdings Inc., currently with a median Wall Street price target of $44 and a high target of $50, dropped $0.67 to $35.85 in recent trading.

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

GoPro, Inc. (GPRO) was reiterated as ‘Overweight’ with a $40 from $71 price target on Thursday by Barclays. The name was also downgraded to ‘Underweight’ at Piper Jaffray, and to ‘Market Perform’ at Cowen.

Shares have traded today between $24.95 and $26.35 with the price of the stock fluctuating between $24.95 to $87.50 over the last 52 weeks.

GoPro Inc. shares are currently changing hands at 23.27x this year’s forecasted earnings, compared to the industry’s 8.85x earnings multiple. Ticker has a t-12 price/sales ratio of 2.37. EPS for the same period registers at $1.12.

Shares of GoPro have lost $4.22 to $25.99 in midday trading on Thursday, giving it a market cap of roughly $3.45 billion. The stock traded as high as $87.50 in Nov. 4, 2014.

Arris Group, Inc. (ARRS) rating of ‘Buy’ was reiterated today at Needham. Firm however, lowered its price target on the name to $34 from $36 (versus a $29.74 previous close).

Arris Group Inc. recently traded at $28.20, a loss of $1.54 over Wednesday’s closing price. The name has a current market capitalization of $4.13 billion.

Shares of F5 Networks, Inc. (FFIV) are down $12.15 to $109.19 in mid-day trading after Barclays reiterated its ‘Equal Weight’ rating while lowering its 12-month base case estimate on the name by 8 points to $123 a share.

FFIV was down $11.90 at $109.43 in mid-day trade, moving within a 52-week range of $108.00 to $136.11. The name, valued at $7.77 billion, opened at $108.

Shares of SunPower Corporation (SPWR) are up $2.46 at $27.08. RBC Capital Markets this morning lowered its price target on the shares to $32 from $37.

SPWR closed at $24.62 on Wednesday and is currently trading up $2.46.

In the past 52 weeks, shares of the solar systems developer have traded between a low of $18.25 and a high of $35.11 and are now trading at $27.08.

Shares are down 20.14% year-over-year and 4.68% year-to-date.

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