Notable Downgrades: TrueCar (TRUE), Sunesis Pharmaceuticals (SNSS), Constant Contact (CTCT), Capital One (COF), Whole Foods Market (WFM)


Analysts at Craig Hallum downgraded TrueCar, Inc. (TRUE) from ‘Buy‘ to ‘Hold‘ in a research report issued to clients on Friday. Separately, the name was also downgraded to ‘Perform’ from ‘Outperform’ at Oppenheimer, to ‘Neutral’ from ‘Buy’ at Goldman (GS), and to ‘Neutral’ from ‘Overweight’ at JP Morgan (JPM).

On valuation measures, TrueCar Inc. stock it’s trading at a forward P/E multiple of 17.41x. The name’s t-12-month revenue is $221.27 million. TRUE ‘s return on equity for the same period is (25.66%).

Shares of the $560.89 million market cap company are down 20.77% year-over-year and 53.36% year-to-date.

TrueCar Inc., currently with a median Wall Street price target of $17.00 and a high target of $23.00, dropped $3.84 to $6.845 in recent trading.

Sunesis Pharmaceuticals, Inc. (SNSS) was downgraded to ‘Sell‘ from ‘Buy‘ at Cantor Fitzgerald. The firm lowered their PT to $1 from $5.50 noting company provided the much anticipated regulatory updates from both the FDA and EMA with mixed results, though firm believes the net outcome is poor for the vosaroxin investment case.

Sunesis shares have traded today between $0.98 and $1.13 with the price of the stock fluctuating between $0.98 to $8.46 over the last 52 weeks.

Ticker has lost $2.47 to $1.00 in midday trading on Friday, giving it a market cap of roughly $73 million. The stock traded as high as $8.46 in August 27, 2014.

Oppenheimer reported on Friday that they have lowered their rating for Constant Contact, Inc. (CTCT) from ‘Outperform‘ to ‘Perform‘. Robert W. Baird also downgraded the name to ‘Neutral’ from ‘Outperform’ while lowering their price target to $35 from $40 following the company’s mixed 2Q/15 results.

Constant Contact Inc. recently traded at $24.30, a loss of $5.23 over Thursday’s closing price. The name has a current market capitalization of $781.44 million.

Capital One Financial Corporation (COF) had its rating lowered from ‘Overweight‘ to ‘Neutral‘ by analysts at JP Morgan (JPM) on Friday. Currently there are 16 analysts that rate COF a ‘Buy‘, no analyst rates it a ‘Sell‘, and 11 rate it a ‘Hold‘.

Capital One was down $10.78 at $79.99 in midday trade, moving within a 52-week range of $72.77 to $92.10. The name, valued at $43.69 billion, opened at $83.54.

On valuation measures, Capital One Financial Corp. shares are currently priced at 10.48x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 2.65. EPS for the same period registers at $7.63.

As for passive income investors, the firm pays stockholders $1.60 per share annually in dividends, yielding 1.70%.

Whole Foods Market, Inc. (WFM) was reiterated a ‘Market Perform’ by Telsey Advisory Group analysts on Friday. The broker also cut its price target on the stock to $47 from $52.

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