Notable Downgrades: Apple (AAPL), Oracle Corporation (ORCL), Lumber Liquidators (LL)

Apple Inc. (AAPL) was reiterated as ‘Outperform’ with a $140 from $150 price target on Thursday by RBC Capital Markets.

On valuation measures, Apple Inc. stock it’s trading at a forward P/E multiple of 10.27x, and at a multiple of 11.96x this year’s estimated earnings. The t-12-month revenue at Apple is $233.72 billion. AAPL’s ROE for the same period is 46.25%.

Shares of the $614.77 billion market cap company are up 6.08% year-over-year and 2.59% year-to-date.

Apple Inc., currently with a median Wall Street price target of $150 and a high target of $200, dropped $1.07 to $110.25 in recent trading.

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

Oracle Corporation (ORCL) was reiterated as ‘Market Perform’ with a $41 from $44 price target on Thursday by FBR Capital.

Shares have traded today between $36.54 and $38.82 with the price of the stock fluctuating between $35.14 to $46.71 over the last 52 weeks.

Oracle Corp. shares are currently changing hands at 17.33x this year’s forecasted earnings, compared to the industry’s 8.45x earnings multiple. Ticker has a t-12 price/sales ratio of 4.36. EPS for the same period registers at $2.13.

Shares of Oracle have lost $1.94 to $36.97 in midday trading on Thursday, giving it a market cap of roughly $158 billion. The stock traded as high as $46.71 in December 24, 2014.

Goldman Sachs (GS) reported on Thursday that they have lowered their rating for Lumber Liquidators Holdings, Inc. (LL). The firm has downgraded LL from ‘Neutral’ to ‘Sell’ noting the reputation challenges will gradually recover, but that it’s already priced in.

Lumber Liquidators Holdings Inc. recently traded at $16.66, a loss of $2.03 over Wednesday’s closing price. The name has a current market capitalization of $451.13 million.

Be the first to comment

Leave a Reply

Your email address will not be published.


*