Notable Downgrades: Intuit (INTU), The Gap, Inc. (GPS), Hewlett-Packard (HPQ), Macrocure Ltd. (MCUR), The Fresh Market (TFM)


Intuit Inc. (INTU) was reiterated a ‘Equal Weight’ by Barclays analysts on Friday. The broker also cut its price target on the stock to $102 from $105.

On valuation measures, Intuit Inc. stock it’s trading at a forward P/E multiple of 18.25x, and at a multiple of 81.20x this year’s estimated earnings. The t-12-month revenue at Intuit Inc. is $4.39 billion. INTU ‘s ROE for the same period is 11.59%.

Shares of the $24.98 billion market cap company are up 22.03% year-over-year and 12.53% year-to-date.

Intuit Inc., currently with a median Wall Street price target of $108 and a high target of $121, dropped $12.31 to $90.62 in recent trading.

The Gap, Inc. (GPS) was reiterated as ‘Buy’ with a $40 from $48 price target on Friday by Stifel.

Shares have traded today between $32.63 and $33.80 with the price of the stock fluctuating between $32.63 to $46.85 over the last 52 weeks.

Gap Inc. shares are currently changing hands at 11.46x this year’s forecasted earnings, compared to the industry’s 19.03x earnings multiple. Ticker has a t-12 price/sales ratio of 0.86. EPS for the same period registers at $2.86.

Shares of GPS have lost $0.91 to $32.75 in midday trading on Friday, giving it a market cap of $13.67 billion. The stock traded as high as $46.85 in Sept. 4, 2014.

Hewlett-Packard Company (HPQ) rating of ‘Sector Perform’ was reiterated today at RBC Capital Markets with a price target decrease of $35 from $36. The name was also lowered to $30 from $38 at Mizuho.

Hewlett-Packard Co. recently traded at $28.02, a gain of $0.67 over Thursday’s closing price. The name has a current market capitalization of $50.62 billion.

As for passive income investors, the company pays shareholders $0.70 per share annually in dividends, yielding 2.50%. Five year average dividend yield currently stands at 2.10%.

Macrocure Ltd. (MCUR) had its rating lowered from ‘Outperform‘ to ‘Neutral‘ by analysts at Credit Suisse (CS) on Friday. Currently there is only one analyst that rates MCUR a ‘Buy‘ vs. 3  rating it a ‘Hold‘. No analyst rates it a ‘Sell‘.

MCUR was up $1.34 at $4.32 in midday trade, moving within a 52-week range of $2.60 to $16.10. The name, valued at $72.10 million, opened at $3.24.

The Fresh Market, Inc. (TFM) was downgraded by BB&T Capital Markets from a ‘Buy‘ rating to a ‘Hold‘ rating in a research report issued to clients on Friday.

TFM closed at $26.59 on Thursday and is currently trading down $4.89.

Over the past year, shares of Greensboro, NC-based specialty grocery retailer have traded between a low of $21.05 and a high of $42.12 and are now trading at $21.70.

Shares are down 14.09% year-over-year and 35.46% 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.