Notable Downgrades: Melco Crown Entertainment (MPEL), Century Aluminum (CENX), Scorpio Bulkers (SALT), Abercrombie & Fitch (ANF), Hologic Inc. (HOLX)

Analysts at HSBC Securities downgraded Melco Crown Entertainment Limited (MPEL) from ‘Overweight‘ to ‘Neutral‘ in a research report issued to clients on Thursday.

On valuation measures, Melco Crown Entertainment Ltd. stock it’s trading at a forward P/E multiple of 17.41x, and at a multiple of 22.20x this year’s estimated earnings. The t-12-month revenue at Melco is $4.80 billion. MPEL ‘s ROE for the same period is 10.58%.

Shares of the $13.30 billion market cap company are down 42.92% year-over-year and 1.62% year-to-date.

Melco Crown Entertainment Ltd., currently with a median Wall Street price target of $28.10 and a high target of $42.50, dropped $0.57 to $24.37 in recent trading.

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

Century Aluminum Co. (CENX) was downgraded from ‘Overweight‘ to ‘Equal-Weight‘ at Morgan Stanley (MS).

Shares have traded today between $15.61 and $16.24 with the price of the stock fluctuating between $11.94 to $31.75 over the last 52 weeks.

Century Aluminum Co. shares are currently changing hands at 14.04x this year’s forecasted earnings, compared to the industry’s 11.49x earnings multiple. Ticker has a t-12 price/sales ratio of 0.76. EPS for the same period registers at $1.15.

Shares of CENX have lost $0.37 to $16.15 in mid-day trading on Thursday, giving it a market cap of roughly $1.44 billion. The stock traded as high as $31.75 in Nov. 28, 2014.

Credit Suisse (CS) reported on Thursday that they have lowered their rating for Scorpio Bulkers Inc. (SALT). The firm has downgraded SALT from ‘Outperform‘ to ‘Neutral‘ and lowered its price target to $3 from $10 implying 70% expected downside.

Scorpio Bulkers Inc. recently traded at $2.60, a loss of $0.16 over Wednesday’s closing price. The name has a current market capitalization of $346.55 million.

Abercrombie & Fitch Co. (ANF) had its rating lowered from ‘Buy‘ to ‘Neutral‘ by analysts at Nomura on Thursday. The firm sees shares as fairly valued at $19, versus $20.27 close. Currently there are 8 analysts that rate ANF a ‘Buy’, 1 analyst rate it a ‘Sell’, and 24 rate it a ‘Hold’.

ANF was down $0.49 at $19.78 in mid-day trade, moving within a 52-week range of $19.34 to $45.50. The name, valued at $1.37 billion, opened at $19.71.

On valuation measures, Abercrombie & Fitch Co. shares are currently priced at 20.52x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.36. EPS for the same period registers at $0.96.

As for passive income investors, the firm pays stockholders $0.80 per share annually in dividends, yielding 3.20%.

Hologic Inc. (HOLX) was downgraded by Needham from a ‘Buy‘ rating to a ‘Hold‘ rating in a research report issued to clients on Thursday.

HOLX closed at $32.35 on Wednesday and is currently trading down $0.01.

In the past 52 weeks, shares of the company have traded between a low of $20.24 and a high of $32.74 and are now trading at $32.35. Shares are up 48.74% year-over-year and 20.98% year-to-date.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.