Notable Downgrades: King Digital (KING), Clovis Oncology (CLVS), Deere & Co. (DE), Himax (HIMX), Dillard’s (DDS)

King Digital Entertainment plc (KING) was reiterated as ‘Hold’ with a $16 from $21 price target on Friday by Deutsche Bank (DB).

King Digital Entertainment plc is printing a higher than average trading volume today with the issue trading 6.72 million shares, compared to the average volume of 1.86 million. The stock began trading this morning at $13.80 to currently trade fractionally higher from the prior days close of $14.99. On an intraday basis it gotten as low as $13.80 and as high as $15.15.

KING shares are currently priced at 8.39x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s 22.44x earnings multiple. The name has a t-12 price/sales ratio of 2.09. EPS for the same period registers at $1.79.

KING shares have declined 13.50% in the last 4 weeks and advanced 8.13% in the past three months. Over the past 5 trading sessions the stock has lost about 4%. Shares of King Digital Entertainment plc are up 3.77% this year.

Clovis Oncology, Inc. (CLVS) was downgraded from ‘Overweight‘ to ‘Neutral‘ at Piper Jaffray.

Shares have traded today between $91.18 and $98.24 with the price of the stock fluctuating between $35.33 to $102.28 over the last 52 weeks.

Clovis Oncology Inc. shares have a most-recent-quarter price/book ratio of 10.29. T-12 EPS registers at ($5.67).

Shares of CLVS have lost $8.34 to $92.06 in mid-day trading on Friday, giving it a market cap of $3.14 billion. The stock traded as high as $102.28 in May 14, 2015.

Deere & Company (DE) was downgraded from ‘Neutral‘ to ‘Underweight‘ at JP Morgan (JPM).

On valuation measures, Deere & Co. shares are currently priced at 11.12x this year’s forecasted earnings, compared to the industry’s 18.13x earnings multiple. Ticker has a PEG and forward P/E ratio of 3.78 and 16.85, respectively. Price/Sales for the same period is 0.90 while EPS is $7.99. Currently there are 3 analysts that rate DE a ‘Buy’, 11 rate it a ‘Hold’. 7 analysts rate it a ‘Sell’. DE has a median Wall Street price target of $86.00 with a high target of $106.00.

Himax Technologies, Inc. (HIMX) was reiterated as ‘Buy’ and the price target was lowered to $8 from $10 at Topeka Capital Markets.

HIMX shares recently lost $0.34 to $6.12. Topeka’s target price suggests expected downside of about 40% from the company’s current stock price.

In the past 52 weeks, shares of Taiwan-based fabless semiconductor company have traded between a low of $5.70 and a high of $10.45. Shares are down 3.20% year-over-year and 20% year-to-date.

Dillard’s Inc. (DDS) was reiterated a ‘Market Perform’ by Telsey Advisory Group analysts on Friday. The broker also cut its price target on the stock to $125 from $138.

DDS shares are currently priced at 14.50x this year’s forecasted earnings, compared to the industry’s 34.43x earnings multiple. Ticker has a forward P/E of 11.81 and t-12 price-to-sales ratio of 0.75. EPS for the same period is $7.79.

Dillard’s Inc shares have lost less than one percent since the beginning of the year. The stock has surged 26% in the last 52 weeks. 52wk range: $5.70 – $10.45.

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