Notable Upgrades: Whole Foods Market (WFM), Comcast Corporation (CMCSA), Ubiquiti Networks (UBNT)

Analysts at Longbow are out with a report this morning upgrading shares of Whole Foods Market, Inc. (WFM) with a ‘Neutral’ from ‘Underperform’ rating.

On valuation measures, Whole Foods Market shares are currently priced at 19.86x this year’s forecasted earnings, compared to the industry’s 14.06x earnings multiple. Ticker has a forward P/E of 18.31 and t-12 price-to-sales ratio of 0.65. EPS for the same period is $1.48.

In the past 52 weeks, shares of Austin, Texas-based company have traded between a low of $28.18 and a high of $57.57 and are now at $29.39.

Shares are down 44.83% year-over-year, and 12.47% since the beginning of the year.

Comcast Corporation (CMCSA) was upgraded to ‘Buy’ from ‘Hold’ by Argus analysts on Friday.

CMCSA is currently printing a higher than average trading volume with the issue trading 11.69 million shares, compared to the average volume of 13.20 million. The stock began trading this morning at $58.21 to currently trade 1.22% higher from the prior days close of $58.21. On an intraday basis it has gotten as low as $57.97 and as high as $59.31.

Comcast Corp. Cl A shares are priced at 18.48x this year’s forecasted earnings. The company’s current year and next year EPS growth estimates stand at 10.20% and 10.60%, compared to the industry growth rates of 8.70% and 16.10%, respectively. CMCSA has a t-12 price-to-sales ratio of 1.94. EPS for the same period registers at $3.19.

Comcast shares have advanced 4.60% in the last 4 weeks, while declining 6.54% in the past three months. Over the past 5 trading sessions the stock has gained 7.58%. The name, currently valued at $144.11 billion, has a median Street target of $69.50 with a high target of $84.00.

Comcast stock is up 4.08% year-over-year, compared with a 6.81% loss in the S&P 500.

Ubiquiti Networks, Inc. (UBNT) had its rating hiked to ‘Buy’ from ‘Hold’ by Wunderlich today. The firm currently has a $40 price target on the stock, up from their previous price target of $31.

UBNT shares recently gained $3.15 to $31.22. The stock is up 2.78% year-over-year and has lost roughly 11.42% year-to-date. In the past 52 weeks, shares of San Jose, Calif.-based company have traded between a low of $25.50 and a high of $37.10.

Ubiquiti Networks Inc. closed Thursday at $28.07. The name has a current market cap of $2.64 billion.

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