Notable Downgrades: Aaron’s (AAN), NXP Semiconductors NV (NXPI), SolarCity (SCTY), Control4 (CTRL), Calix Inc. (CALX)

Analysts at Cantor Fitzgerald downgraded Aaron’s, Inc. (AAN) from ‘Buy’ to ‘Hold’ in a research report issued to clients on Friday.

On valuation measures, Aaron’s Inc. stock it’s trading at a forward P/E multiple of 9.32x, and at a multiple of 14.84x this year’s estimated earnings. The t-12-month revenue at Aaron’s is $3.07 billion. AAN ‘s ROE for the same period is 9.67%.

Shares of the $1.80 billion market cap company are up 39.21% year-over-year and 9.75% year-to-date.

Aaron’s Inc., currently with a median Wall Street price target of $42.50 and a high target of $47, dropped $8.75 to $24.80 in recent trading.
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NXP Semiconductors NV (NXPI) had its price target cut to $120 from $130 at Canaccord Genuity.

Shares have traded today between $73.10 and $77.73 with the price of the stock fluctuating between $67.20 to $114 over the last 52 weeks.

NXP Semiconductors N.V. shares are currently changing hands at 40.34x this year’s forecasted earnings, compared to the industry’s 8.85x earnings multiple. Ticker has a t-12 price/sales ratio of 3.05. EPS for the same period registers at $1.89.

Shares of NXPI have gained $3.33 to $76.33 in midday trading on Friday, giving it a market cap of roughly $17.73 billion. The stock traded as high as $114.00 in June 1, 2015.
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Robert W. Baird reported on Friday that they have lowered their rating for SolarCity Corporation (SCTY). The firm has downgraded SCTY from ‘Outperform’ to ‘Neutral’ and lowered its price target to $60 from $71. Oppenheimer also lowered their SCTY target to $58 from $66, noting the company is preparing for a modest growth environment post fiscal 2016.

SolarCity Corp. recently traded at $29.61, a loss of $8.46 over Thursday’s closing price. The name has a current market cap of $2.88 billion.
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Control4 Corporation (CTRL) had its rating lowered from ‘Buy’ to ‘Hold’ by analysts at Needham on Friday. The firm said its decision to downgrade the name is based on a lack of catalyst for growth, combined with uneven operational execution.

Currently there are 2 analysts that rate CTRL a ‘Buy’, 5 rate it a ‘Hold’. No analysts rate it a ‘Sell’,

CTRL was down $2.33 at $6.61 in midday trade, moving within a 52-week range of $5.99 to $16.75. The name, valued at $160.41 million, opened at $7.10.
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Calix Inc. (CALX) was downgraded by Jefferies from a ‘Buy’ rating to a ‘Hold’ rating in a research report issued to clients on Friday.

CALX closed at $8.86 on Thursday and is currently trading down $2.00.

In the past 52 weeks, shares of Petaluma, California-based communications company have traded between a low of $6.30 and a high of $11.60 and are now trading at $6.86.

Shares are down 11.58% since the beginning of the year.

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