Notable Downgrades: SolarCity (SCTY), Twitter (TWTR), Visa Inc. (V), MasterCard (MA)


Analysts at Barclays downgraded SolarCity Corporation (SCTY) from ‘Overweight’ to ‘Equal Weight’ in a research report issued to clients on Thursday. The target price for SCTY is lowered from $49 to $20 following the co.’s earnings.

On valuation metrics, the trailing 12-month revenue at SolarCity is $355.95 million. SCTY’s ROE for the same period is (49.41%).

Shares of the $1.63 billion market cap company are down 66.64% year-over-year and 63.48% since the beginning of the year.

SolarCity Corp., currently with a median Street price target of $47 and a high target of $104, dropped $1.92 to $16.71 in recent trading.

Twitter, Inc. (TWTR) was downgraded from ‘Buy’ to ‘Hold’ and the price target was cut to $15 from $35 at Topeka Capital Markets. The firm noted stagnant user growth remains the social network’s largest challenge. Twitter was also lowered to $24 from $33 at Axiom Capital following the Q4 results.

Shares have traded today between $13.91 and $14.79 with the price of the stock fluctuating between $13.91 to $53.49 over the last 52 weeks.

Shares of Twitter have lost $0.59 to $14.39 in midday trading on Thursday, giving it a market cap of roughly $9.82 billion. The stock traded as high as $53.49 in April 8, 2015.

BofA/Merrill (BAC) reported on Thursday that they have lowered their rating for Visa Inc. (V). The firm has downgraded the credit card company from ‘Buy’ to ‘Neutral’.

Visa recently traded at $68.26, a loss of $1.85 over Wednesday’s closing price. The name has a current market capitalization of $163.92 billion.

As for passive income investors, the San Francisco-based company pays shareholders $0.56 per share annually in dividends, yielding 0.78%. Five year average dividend yield currently stands at 0.67%.

MasterCard Incorporated (MA) had its rating lowered from ‘Buy’ to ‘Neutral’ by analysts at BofA/Merrill on Thursday.

Currently there are 28 analysts that rate MA a ‘Buy’, 2 analysts rate it a ‘Sell’, and 5 rate it a ‘Hold’.

MasterCard was down $1.27 at $82.04 in midday trade, moving within a 52-week range of $74.61 to $101.76. The name, valued at $91.56 billion, opened at $80.15.

On valuation measures, MasterCard Inc. shares are currently priced at 24.49x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 9.62. EPS for the same period registers at $3.35.

As for passive income investors, the company pays stockholders $0.76 per share annually in dividends, yielding 0.92%.

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