Notable Downgrades: Manitowoc (MTW), Whole Foods Market (WFM), BioLineRx (BLRX), Gulfport Energy Corp. (GPOR), SFX Entertainment (SFXE)

Downgrades

Analysts at Goldman (GS) downgraded The Manitowoc Company, Inc. (MTW) from ‘Neutral‘ to ‘Sell‘ in a research report issued to clients on Monday.

On valuation measures, Manitowoc Co. stock it’s trading at a forward P/E multiple of 12.78x, and at a multiple of 15.54x this year’s estimated earnings. The t-12-month revenue at Manitowoc Co. is $3.79 billion. MTW ‘s ROE for the same period is 18.87%.

Shares of the $2.25 billion market cap company are down 45.35% year-over-year and 22.62% year-to-date.

Manitowoc Co., currently with a median Wall Street price target of $21.50 and a high target of $26.00, dropped $0.60 to $16.50 in recent trading.

Whole Foods Market, Inc. (WFM) was reiterated a ‘Outperform’ by Oppenheimer analysts on Monday. The broker also cut its price target on the stock to $48 from $50.

Shares have traded today between $39.79 and $40.26 with the price of the stock fluctuating between $36.18 to $57.57 over the last 52 weeks.

Whole Foods Market Inc. shares are currently changing hands at 24.21x this year’s forecasted earnings, compared to the industry’s 27.69x earnings multiple. Ticker has a t-12 price/sales ratio of 0.97. EPS for the same period registers at $1.66.

Shares of WFM have lost $0.27 to $40.16 in midday trading on Monday, giving it a market cap of roughly $14.40 billion. The stock traded as high as $57.57 in Feb. 19, 2015.

BioLineRx, Ltd. (BLRX) was reiterated as ‘Buy’ with a $7 from $10.50 price target on Monday by ROTH Capital.

BioLine RX Ltd. recently traded at $1.68, a loss of $0.44 over Friday’s closing price. The name has a current market capitalization of $89.86 million.

Gulfport Energy Corp. (GPOR) rating of ‘Buy’ was reiterated today at Topeka Capital Markets. The firm however, said it sees shares as fairly valued at $50 vs. its previous target of $55.

Currently there are 26 analysts that rate GPOR a ‘Buy‘, 1 analyst rates it a ‘Sell‘, and 3 rate it a ‘Hold‘.

GPOR was down $1.14 at $32.55 in midday trade, moving within a 52-week range of $32.10 to $59.83. The name, valued at $3.47 billion, opened at $33.18.

SFX Entertainment, Inc. (SFXE) was downgraded by Stifel from a ‘Buy‘ rating to a ‘Hold‘ rating in a research report issued to clients on Monday.

SFXE closed at $3.86 on Friday and is currently trading down $0.48.

In the past 52 weeks, shares of the New York-based company have traded between a low of $3.13 and a high of $7.40 and are now trading at $3.38. Shares are down 45.40% year-over-year and 14.79% year-to-date.

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