Notable Downgrades: Amazon.com (AMZN), HSBC Holdings (HSBC), Barclays (BCS), The Valspar Corp (VAL)

Raymond James reported on Tuesday that they have lowered their rating for Amazon.com, Inc. (AMZN). The firm has downgraded AMZN from ‘Strong Buy’ to ‘Outperform’ noting they expect margin expansion to slow and increased competition to Amazon Web Services from Alphabet (GOOG) subsidiary Google’s Cloud Platform.

Amazon.com Inc. recently traded at $558.29, a gain of $4.31 over Monday’s closing price. The name has a current market capitalization of $262.87 billion.

Analysts at Investec downgraded HSBC Holdings plc (HSBC) from ‘Buy’ to ‘Hold’ in a research report issued to clients on Tuesday.

On valuation measures, HSBC Holdings stock it’s trading at a forward P/E multiple of 8.91x, and at a multiple of 10.02x this year’s estimated earnings. The t-12-month revenue at HSBC Holdings PLC is $56.02 billion. HSBC ‘s ROE for the same period is 7.60%.

Shares of the $125.74 billion market cap company are down 20.20% year-over-year and 14.90% year-to-date.

HSBC Holdings, currently with a median Street price target of $34.65 and a high target of $48.21, dropped $0.48 to $32.075 in recent trading.

Barclays PLC (BCS) was downgraded from ‘Buy’ to ‘Hold’ at HSBC Securities.

Shares have traded today between $8.86 and $9.02 with the price of the stock fluctuating between $8.52 to $18.05 over the last 52 weeks.

Barclays PLC ADR shares are currently changing hands at 57.50x this year’s forecasted earnings, compared to the industry’s 15.06x earnings multiple. Ticker has a t-12 price/sales ratio of 1.52. EPS for the same period registers at $0.16.

Shares of Barclays have lost $0.36 to $8.97 in midday trading on Tuesday, giving it a market cap of roughly $48.15 billion. The stock traded as high as $18.05 on July 31, 2015.

The Valspar Corporation (VAL) had its rating lowered from ‘Buy’ to ‘Neutral’ by analysts at Longbow on Tuesday.

Currently there are 4 analysts that rate VAL a ‘Buy’, 2 analysts rate it a ‘Sell’, and 8 rate it a ‘Hold’.

VAL was up $1.33 at $104.55 in midday trade, moving within a 52-week range of $70.58 to $105.00. The name, valued at $8.27 billion, opened at $102.58.

On valuation measures, Valspar Corp. shares are currently priced at 24.51x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.91. EPS for the same period registers at $4.27.

As for passive income investors, the firm pays stockholders $1.32 per share annually in dividends, yielding 1.57%.

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