Notable Downgrades: GameStop (GME), Tractor Supply (TSCO), American Express (AXP), Cimpress N.V. (CMPR)

GameStop Corp. (GME) was reiterated an ‘Outperform’ by Wedbush analysts on Wednesday. The broker however cut its price target on the stock to $38 from $42. GameStop was also cut to $38 from $42 at Telsey Advisory Group.

On valuation measures, GameStop Corp. Cl A stock it’s trading at a forward P/E multiple of 6.62x, and at a multiple of 7.34x this year’s estimated earnings. The t-12-month revenue at GameStop is $9.31 billion. GME’s ROE for the same period is 20.21%.

Shares of the $2.85 billion market cap company are down 14.39% year-over-year.

GameStop Corp., currently with a median Wall Street price target of $42.00 and a high target of $46.00, dropped $0.66 to $27.22 in recent trading.

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

Tractor Supply Company (TSCO) was reiterated as ‘Outperform’ with a $90 from $94 price target on Wednesday by RBC Capital Markets. The name was also lowered to $100 from $105 at Telsey Advisory Group.

Shares have traded today between $82.21 and $85.35 with the price of the stock fluctuating between $74.52 to $96.28 over the last 52 weeks.

Tractor Supply Co. shares are currently changing hands at 27.74x this year’s forecasted earnings, compared to the industry’s 10.49x earnings multiple. Ticker has a t-12 price/sales ratio of 1.84. EPS for the same period registers at $2.99.

Shares of TSCO have lost $1.63 to $83.03 in midday trading on Wednesday, giving it a market cap of roughly $11.15 billion. The stock traded as high as $96.28 in July 23, 2015.

Goldman Sachs (GS) reported on Wednesday that they have lowered their rating for American Express Company (AXP). The firm has downgraded AmEx from ‘Buy’ to ‘Neutral’, saying the co.’s results would remain volatile.

American Express Co. recently traded at $62.94, a loss of $1.46 over Tuesday’s closing price. The name has a current market capitalization of $61.95 billion.

As for passive income investors, the credit card company pays shareholders $1.16 per share annually in dividends, yielding 1.82%. Five year average dividend yield currently stands at 1.28%.

Cimpress N.V. (CMPR) had its rating lowered from ‘Equal Weight’ to ‘Underweight’ by analysts at Barclays on Wednesday. The firm sees shares as fairly valued at $58, versus $78.19 close.

Currently there are 2 analysts that rate CMPR a ‘Buy’, no analyst rates it a ‘Sell’, and 4 rate it a ‘Hold’.

CMPR was down $5.70 at $72.50 in midday trade, moving within a 52-week range of $63.15 to $94.57. The name, valued at $2.28 billion, opened at $76.00.

On valuation measures, Cimpress N.V. shares are currently priced at 31.18x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.60. EPS for the same period registers at $2.33.

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