Analysts at Dougherty & Company downgraded Stratasys Ltd. (SSYS) from ‘Buy‘ to ‘Neutral‘ in a research report issued to clients on Friday.
On valuation measures, Stratasys Ltd. stock it’s trading at a forward P/E multiple of 22.00x next year’s estimated earnings. The t-12-month revenue at Stratasys Ltd. is $771.92 million. SSYS return on equity for the same period is (14.06%).
Shares of the $1.63 billion market cap company are down 68.87% year-over-year and 60.69% year-to-date.
Stratasys Ltd., currently with a median Wall Street price target of $42 and a high target of $56, dropped $0.64 to $32.03 in recent trading.
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QLogic Corp. (QLGC) was downgraded from ‘Buy‘ to ‘Neutral‘ at DA Davidson. The name was also downgraded to ‘Hold’ from ‘Buy’ at Summit Research.
Shares have traded today between $8.39 and $9.31 with the price of the stock fluctuating between $8.39 to $15.93 over the last 52 weeks.
QLogic Corp. shares are currently changing hands at 15.93x this year’s forecasted earnings, compared to the industry’s 15.43x earnings multiple. Ticker has a t-12 price/sales ratio of 1.91. EPS for the same period registers at $0.57.
Shares of QLGC have lost $2.30 to $9.08 in midday trading on Friday, giving it a market cap of roughly $798 million. The stock traded as high as $15.93 in June 4, 2015.
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Whole Foods Market, Inc. (WFM) rating of ‘Outperform’ was reiterated today at Imperial Capital but with a price target cut of $53 from $65. The firm believes ticker’s current pps represents an opportunity to own a high quality, consumer growth story trading at levels that they believe overestimates the long-term risk.
Whole Foods Market Inc. recently traded at $36.40, a gain of $0.32 over Thursday’s closing price. The name has a current market capitalization of $13.04 billion.
As for passive income investors, the Austin, Texas-based retailer pays shareholders $0.52 per share annually in dividends, yielding 1.30%. Five year average dividend yield currently stands at 1.10%.
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Shares of Synaptics Inc. (SYNA) are down $1.08 to $78.19 in midday trading after Dougherty & Company reiterated its ‘Buy’ rating while lowering its 12-month base case estimate on the name by 12 points to $78 a share.
Synaptics Inc. on Thursday reported fourth quarter’15 result. The maker of touch-screen technology said it earned $1.57 per share, well below the $1.66 per share analysts were expecting. Revenue rose 52.1% yoy to $478.92 million, above views for $482.57 million.
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