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


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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