Notable Downgrades: Baidu (BIDU), KLA-Tencor (KLAC), Yelp (YELP), Amkor Technology (AMKR), Gulfport Energy (GPOR)


Analysts at Credit Agricole downgraded Baidu, Inc. (BIDU) from ‘Buy‘ to ‘Underperform‘ in a research report issued to clients on Tuesday.

On valuation measures, Baidu Inc. ADR stock it’s trading at a forward P/E multiple of 2.91x, and at a multiple of 27.54x this year’s estimated earnings. The t-12-month revenue at Baidu Inc. is $8.42 billion. BIDU ‘s ROE for the same period is 23.96%.

Shares of the $57.38 billion market cap company are down 12.72% year-over-year  and 13.29% year-to-date.

Baidu Inc., currently with a median Wall Street price target of $245.00 and a high target of $288.00, dropped $35.17 to $163.35 in recent trading.

KLA-Tencor Corporation (KLAC) was downgraded from ‘Neutral‘ to ‘Sell‘ at Citigroup (C).

Shares have traded today between $50.57 and $52.33 with the price of the stock fluctuating between $50.42 to $84.21 over the last 52 weeks.

KLA-Tencor Corp. shares are currently changing hands at 24.48x this year’s forecasted earnings, compared to the industry’s 10.32x earnings multiple. Ticker has a t-12 price/sales ratio of 2.92. EPS for the same period registers at $2.13.

Shares of KLAC have gained $1.18 to $52.22 in midday trading on Tuesday, giving it a market cap of roughly $8.35 billion. The stock traded as high as $84.21 in Nov. 25, 2014.

Deutsche Bank (DB) reported on Tuesday that they have lowered their rating for Yelp Inc. (YELP). The firm has downgraded YELP from ‘Buy‘ to ‘Hold‘ and lowered its price target to $33 from $56.

Yelp Inc. recently traded at $33.52, a loss of $0.21 over Monday’s closing price. The name has a current market capitalization of $2.51 billion.

Amkor Technology, Inc. (AMKR) was reiterated a ‘Buy’ by Topeka Capital Markets analysts on Tuesday. The broker however, cut its price target on the stock to $6 from $9.

Gulfport Energy Corp. (GPOR) was reiterated as ‘Outperform’ with a $45 from $60 price target on Tuesday by Northland Capital.

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

GPOR was up $1.27 at $33.15 in midday trade, moving within a 52-week range of $31.57 to $59.83. The name, valued at $3.54 billion, opened at $32.30.

On valuation measures, Gulfport Energy Corp. shares are currently priced at 14.94x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 4.22. EPS for the same period registers at $2.22.

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