Notable Downgrades: Alkermes plc (ALKS), Sensata Technologies (ST), Smith & Wesson (SWHC), Fitbit (FIT)

Analysts at Morgan Stanley (MS) downgraded Alkermes plc (ALKS) from ‘Overweight’ to ‘Underweight’ in a research report issued to clients on Thursday.

The t-12-month revenue at Alkermes is $640.40 million. ALKS’s ROE for the same period is (9.43%).

Shares of the $5.28 billion market cap company are down 14.65% year-over-year and 23.89% year-to-date.

Alkermes PLC, currently with a median Wall Street price target of $81.00 and a high target of $85.00, dropped $25.21 to $35.21 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Sensata Technologies Holding NV (ST) was downgraded from ‘Outperform’ to ‘Market Perform’ at Wells Fargo (WFC).

Shares have traded today between $35.20 and $37.38 with the price of the stock fluctuating between $34.26 to $55.53 over the last 52 weeks.

Sensata Technologies Holding N.V. shares are currently changing hands at 31.74x this year’s forecasted earnings, compared to the industry’s 10.08x earnings multiple. Ticker has a t-12 price/sales ratio of 2.13. EPS for the same period registers at $1.16.

Shares of Sensata Technologies have lost $0.21 to $36.82 in midday trading on Thursday, giving it a market cap of $6.27 billion. The stock traded as high as $55.53 in June 9, 2015.

Smith & Wesson Holding Corporation (SWHC) was reiterated as ‘Neutral’ with a $23 from $26 price target on Thursday by Wedbush.

SWHC shares have declined 5.93% in the last 4 weeks while advancing 8.04% in the past three months. Over the past 5 trading sessions the stock has lost 10.30%. The Springfield Massachusetts-based company, which is currently valued at $1.12 billion, has a median Wall Street price target of $27.50 with a high target of $31.00.

Smith & Wesson Holding Corp. is up 73.86% year-over-year, compared with a 9.88% loss in the S&P 500.

Fitbit Inc. (FIT) rating of ‘Buy’ was reiterated today at Stifel with a price target decrease of $35 from $60 (versus a $17.79 previous close).

Fitbit Inc. recently traded at $18.22, a gain of $0.43 over Wednesday’s closing price. The name has a current market capitalization of $3.75 billion.

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