Notable Downgrades: Generac Holdings (GNRC), Baxter Int’l (BAX), Triple-S Management (GTS), Diamond Offshore Drilling (DO)

Analysts at BofA/Merrill (BAC) downgraded Generac Holdings Inc. (GNRC) from ‘Neutral‘ to ‘Underperform‘ in a research report issued to clients on Thursday.

The target price for GNRC is set at $33.

On valuation measures, Generac Holdings Inc. stock it’s trading at a forward P/E multiple of 10.76x, and at a multiple of 16.44x this year’s estimated earnings. The t-12-month revenue at Generac Holdings Inc. is $1.43 billion. GNRC ‘s ROE for the same period is 37.30%.

Shares of the $2.58 billion market cap company are down 15.65% year-over-year and 14.93% year-to-date.

Generac Holdings Inc., currently with a median Wall Street price target of $46.50 and a high target of $50.00, dropped $2.47 to $37.31 in recent trading.

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

Baxter International Inc. (BAX) was downgraded from ‘Buy‘ to ‘Neutral‘ at BofA/Merrill (BAC).

Shares have traded today between $38.20 and $38.88 with the price of the stock fluctuating between $34.77 to $41.99 over the last 52 weeks.

Baxter International Inc. shares are currently changing hands at 8.84x this year’s forecasted earnings, compared to the industry’s 1.54x earnings multiple. Ticker has a t-12 price/sales ratio of 1.28. EPS for the same period registers at $4.34.

Shares of BAX have lost $0.51 to $38.35 in midday trading on Thursday, giving it a market cap of roughly $21 billion. The stock traded as high as $41.99 in July 23, 2014.

Wells Fargo (WFC) reported on Thursday that they have lowered their rating for Triple-S Management Corporation (GTS). The firm has downgraded GTS from ‘Market Perform‘ to ‘Underperform‘ .

Triple-S Management Corp. recently traded at $20.28, a loss of $4.35 over Wednesday’s closing price. The name has a current market capitalization of $537.92 million.

Diamond Offshore Drilling, Inc. (DO) rating of ‘Underperform’ was reiterated today at FBR Capital with a price target decrease of $20 from $24 (versus a $25.34 previous close).

DO shares recently gained 9c to $25.43. In the past 52 weeks, shares of Houston, Texas-based company have traded between a low of $24.93 and a high of $50.50. Shares are down 45.70% year-over-year and 30.48% year-to-date.

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