Notable Upgrades: F5 Networks (FFIV), Skechers (SKX), Facebook (FB), Arris Group (ARRS), eBay Inc. (EBAY)

Analysts at Needham are out with a report this morning upgrading shares of F5 Networks, Inc. (FFIV) with a ‘Buy‘ from ‘Hold‘ rating. The firm set its price target for the company to $140.

F5 Networks Inc. shares are currently priced at 28.20x this year’s forecasted earnings, compared to the industry’s 20.36x earnings multiple. Ticker has a forward P/E of 17.20 and t-12 price-to-sales ratio of 4.86. EPS for the same period is $4.43.

In the past 52 weeks, shares of Seattle Washington-based company have traded between a low of $99.26 and a high of $136.11 and are now at $124.98. Shares are up 10.25% year-over-year ; down 7.70% year-to-date.

Analysts at Buckingham Research upgraded their rating on the shares of Skechers USA Inc. (SKX). In a research note published on Thursday, the company lifted the name with a ‘Buy‘ from ‘Neutral‘ rating and set a 12-month base case estimate of $94 per share.

On valuation measures, Skechers USA Inc. Cl A shares are currently priced at 31.51x this year’s forecasted earnings compared to the industry’s 20.12x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.97 and 17.71, respectively. Price/Sales for the same period is 1.65 while EPS is $2.72. Currently there are 8 analysts that rate SKX a ‘Buy‘, 2 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘. SKX has a median Wall Street price target of $82.00 with a high target of $99.00.

Facebook, Inc. (FB) was reiterated a ‘Buy’ by Deutsche Bank (DB) analysts on Thursday. The investment bank also raised its price target on the stock to $100 from $90, implying 11% expected upside.

On valuation measures, Facebook Inc. Cl A stock it’s trading at a forward P/E multiple of 32.37x, and at a multiple of 75.54x this year’s estimated earnings.  The t-12-month revenue at Facebook Inc. is $12.47 billion. FB ‘s ROE for the same period is 11.40%.

Shares of the $235.12 billion market cap company are up 34.27% year-over-year and 8.47% year-to-date.

Facebook Inc., currently with a median Wall Street price target of $92.00 and a high target of $107.00, dropped $0.63 to $83.99 in recent trading.

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

Arris Group, Inc. (ARRS) was reiterated as ‘Outperform’ with a $40 from $36 price target on Thursday by RBC Capital Markets.

Shares have traded today between $36.05 and $37.39 with the price of the stock fluctuating between $23.71 to $37.39 over the last 52 weeks.

Arris Group Inc. shares are currently changing hands at 16.77x this year’s forecasted earnings, compared to the industry’s 25.51x earnings multiple. Ticker has a t-12 price/sales ratio of 0.83. EPS for the same period registers at $2.21.

Shares of ARRS have gained $6.52 to $37.06 in mid-day trading on Thursday, giving it a market cap of roughly $5.40 billion. The stock traded as high as $37.39 in July 31, 2014.

eBay Inc. (EBAY) rating of ‘Hold’ was reiterated today at Deutsche Bank (DB) with a price target increase of $63 from $54 (versus a $56.75 previous close).

eBay Inc. recently traded at $58.70, a gain of $1.95 over Wednesday’s closing price. The name has a current market capitalization of $71.03 billion.

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.