Notable Downgrades: Twitter (TWTR), Whole Foods (WFM), LifeLock (LOCK), Manitowoc (MTW), Qorvo, Inc. (QRVO)

Analysts at Argus lowered their Twitter, Inc. (TWTR) target to $45 from $50 in a research report issued to clients on Thursday, noting the online social networking service is not a conventional EPS growth story.

On valuation measures, Twitter Inc. stock it’s trading at a forward P/E multiple of 49.94x next year’s estimated earnings. The t-12-month revenue at Twitter is $1.59 billion. TWTR ‘s ROE for the same period is (18.36%).

Shares of the $21.04 billion market cap company are down 19.05% year-over-year and 12.91% year-to-date.

Twitter Inc., currently with a median Wall Street price target of $40.00 and a high target of $56.00, rose $0.10 to $31.33 in recent trading.

Whole Foods Market, Inc. (WFM) was downgraded from ‘Buy‘ to ‘Hold‘ with a price target cut of $38 from $51 at Canaccord Genuity. The name was also downgraded to ‘Neutral’ from ‘Outperform’ at Wedbush, and to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley (MS).

Shares have traded today between $35.52 and $36.70 with the price of the stock fluctuating between $35.52 to $57.57 over the last 52 weeks.

Whole Foods Market Inc. shares are currently changing hands at 21.51x this year’s forecasted earnings, compared to the industry’s 26.99x earnings multiple. Ticker has a t-12 price/sales ratio of 0.98. EPS for the same period registers at $1.66.

Shares of Whole Foods have lost $5.13 to $35.69 in midday trading on Thursday, giving it a market cap of $12.79 billion. The stock traded as high as $57.57 in Feb. 19, 2015.

Dougherty & Company reported on Thursday that they have lowered their rating for LifeLock, Inc. (LOCK). The firm has downgraded LOCK from ‘Buy‘ to ‘Neutral‘.

LifeLock recently traded at $7.69, a loss of $0.88 over Wednesday’s closing price. The name has a current market capitalization of $725.71 million.

The Manitowoc Company, Inc. (MTW) had its rating lowered from ‘Buy‘ to ‘Hold‘ by analysts at BB&T Capital Markets on Thursday. The firm noted MTW reported its sixth miss in the last six quarter.

Currently there are 6 analysts that rate MTW a ‘Buy‘, 1 analysts rate it a ‘Sell‘, and 10 rate it a ‘Hold‘.

MTW was down $0.42 at $16.95 in midday trade, moving within a 52-week range of $15.53 to $29.89. The name, valued at $2.31 billion, opened at $16.00.

On valuation measures, Manitowoc Co. shares are currently priced at 15.96x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.62. EPS for the same period registers at $1.06.

As for passive income investors, the firm pays stockholders $0.08 per share annually in dividends, yielding 0.50%.

Qorvo, Inc. (QRVO) was reiterated a ‘Equal Weight’ by Barclays analysts on Thursday. The broker however, cut its price target on the stock to $65 from $80 implying 29% expected upside from stock’s current pps.

QRVO closed at $70.47 on Wednesday and is currently trading down $61.88.

In the past 52 weeks, shares of Greensboro, North Carolina-based company have traded between a low of $57.10 and a high of $88.35. Shares are up less than one percent year-to-date.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.