Notable Downgrades: Canadian Solar (CSIQ), Citigroup (C), Fossil Group (FOSL), Lululemon (LULU), WuXi PharmaTech (WX)

Analysts at Standpoint Research downgraded Canadian Solar Inc. (CSIQ) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Friday.

On valuation measures, Canadian Solar Inc. stock it’s trading at a forward P/E multiple of 6.38x, and at a multiple of 10.48x this year’s estimated earnings. The t-12-month revenue at Canadian Solar Inc. is $2.52 billion. CSIQ ‘s ROE for the same period is 36.14%.

Shares of the $1.84 billion market cap company are down 11.33% year-over-year ; up 43.03% year-to-date.

Canadian Solar Inc., currently with a median Wall Street price target of $43.50 and a high target of $56.00, dropped $1.09 to $33.51 in recent trading.

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

Citigroup Inc. (C) was downgraded from ‘Sector Perform‘ to ‘Underperform at Portales Partners.

Shares have traded today between $52.95 and $54.01 with the price of the stock fluctuating between $45.18 to $56.95 over the last 52 weeks.

Citigroup Inc. shares are currently changing hands at 24.19x this year’s forecasted earnings, compared to the industry’s 15.70x earnings multiple. Ticker has a t-12 price/sales ratio of 2.32. EPS for the same period registers at $2.20.

Shares of C have lost $0.34 to $53.22 in mid-day trading on Friday, giving it a market cap of roughly $161.39 billion. The stock traded as high as $56.95 in Dec 8, 2014.

Telsey Advisory Group reported on Friday that they have lowered their rating for Fossil Group, Inc. (FOSL). The firm has downgraded FOSL from ‘Outperform‘ to ‘Market Perform‘ and lowered its price target to $94 from $105.

Fossil Group Inc. recently traded at $81.05, a loss of $4.62 over Thursday’s closing price. The name has a current market capitalization of $4.08 billion.

Lululemon Athletica Inc. (LULU) had its rating lowered from ‘Neutral‘ to ‘Sell‘ by analysts at Goldman (GS) on Friday. The firm sees shares as fairly valued at $52, versus $64.85 close. Currently there are 9 analysts that rate LULU a ‘Buy’, 2 analysts rate it a ‘Sell’, and 21 rate it a ‘Hold’.

LULU was down $2.81 at $62.04 in mid-day trade, moving within a 52-week range of $36.26 to $68.99. The name, valued at $8.81 billion, opened at $62.26.

On valuation measures, Lululemon Athletica inc. shares are currently priced at 37.99x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 5.37. EPS for the same period registers at $1.63.

WuXi PharmaTech (Cayman) Inc. (WX) was downgraded by Goldman Sachs (GS) from a ‘Buy‘ rating to a ‘Neutral‘ rating in a research report issued to clients on Friday. They currently have a $39.50 price objective on the stock, 5 points lower from their previous price target of $44.50.

WX closed at $40.96 on Thursday and is currently trading down $3.24.

In the past 52 weeks, shares of Shanghai, China-based company have traded between a low of $29.84 and a high of $42.31 and are now trading at $37.72. Shares are up 4.04% year-over-year and 21.65% year-to-date.

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