Notable Downgrades: Whole Foods (WFM), Castlight Health (CSLT), FireEye (FEYE), Numerex (NMRX), Energy Focus (EFOI)

Analysts at Pivotal Research Group on Thursday lowered their Whole Foods Market, Inc. (WFM) to $20 from $23. The name was also lowered to $29 from $33 at Jefferies, and to $36 from $40 at Oppenheimer. The price cuts are attributed to co.’s weaker than expected fourth-quarter 2015 results.

On valuation measures, Whole Foods stock it’s trading at a forward P/E multiple of 16.35x, and at a multiple of 18.05x this year’s estimated earnings. The t-12-month revenue at Whole Foods Market Inc. is $15.21 billion. WFM ‘s ROE for the same period is 15.40%.

Shares of the $10.75 billion market cap company are down 21.74% year-over-year and 38.23% year-to-date.

Whole Foods Market, currently with a median Wall Street price target of $36 and a high target of $51, dropped $0.64 to $30.12 in recent trading.

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

Castlight Health, Inc. (CSLT) was downgraded from ‘Outperform’ to ‘Market Perform’ at Leerink Partners.

Shares have traded today between $3.65 and $4.89 with the price of the stock fluctuating between $3.65 to $13.44 over the last 52 weeks.

Shares of Castlight have lost $1.56 to $3.75 in midday trading on Thursday, giving it a market cap of roughly $353 million. The stock traded as high as $13.44 in Dec. 10, 2014.

Bank of America (BAC) reported on Thursday that they have lowered their rating for FireEye, Inc. (FEYE). The firm has downgraded FEYE from ‘Buy’ to ‘Neutral’.

FireEye Inc. recently traded at $22.17, a loss of $6.96 over Wednesday’s closing price. The name has a current market cap of $3.53 billion.

Numerex Corp. (NMRX) had its rating lowered from ‘Buy’ to ‘Neutral’ by analysts at Sidoti on Thursday.

NMRX was down $1.61 at $6.36 in mid-day trade, moving within a 52-week range of $6.01 to $12.84. The name, valued at $121.42 million, opened at $6.94. Currently there are 2 analysts that rate NMRX a ‘Buy’, no analysts rate it a ‘Sell’, and 3 rate it a ‘Hold’.

On valuation measures, NumereX Corp. shares are currently priced at 235.52x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.56. EPS for the same period registers at $0.03.

Energy Focus, Inc. (EFOI) was downgraded by ROTH Capital from a ‘Buy’ rating to a ‘Neutral’ rating in a research report issued to clients on Thursday. They currently have a $20 price objective on the stock, 3 points lower from their previous price target of $23.

EFOI closed at $20 on Wednesday and is currently trading down $4.19.

In the past 52 weeks, shares of Solon, Ohio.-based company have traded between a low of $3.95 and a high of $29.20 and are now trading at $15.81.

Shares are up 236.13% year-over-year, and 305.68% year-to-date.

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