Notable Downgrades: NetApp (NTAP), Boeing (BA), Aegerion Pharmaceuticals (AEGR)


NetApp, Inc. (NTAP) had its rating lowered from ‘Neutral’ to ‘Underweight’ by analysts at Atlantic Equities on Friday. The firm noted the share loss during the past year – NTAP is down 44.11% year-over-year – has changed their valuation.

Currently, there are 2 analysts that rate NTAP a ‘Buy’, 9 analysts rate it a ‘Sell’, and 25 rate it a ‘Hold’.

NTAP was up $0.22 at $21.95 in midday trade, moving within a 52-week range of $20.66 to $39.14. The name, valued at $6.42 billion, opened at $21.18.

On valuation metrics, NetApp Inc. shares are currently priced at 17.03x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.08 ; EPS for the same period registers at $1.29.

As for passive income investors, the provider of software systems pays stockholders $0.72 per share annually in dividends, yielding 3.22%.

The Boeing Company (BA) was downgraded from ‘Overweight’ to ‘Neutral’ at JP Morgan (JPM).

Shares have traded today between $105.00 and $109.84 with the price of the stock fluctuating between $102.10 to $158.83 over the last 52 weeks.

Boeing Co. shares are currently changing hands at 14.61x this year’s forecasted earnings, compared to the industry’s 42.10x earnings multiple. Ticker has a t-12 price/sales ratio of 0.75. EPS for the same period registers at $7.44.

Shares of the manufacturer of commercial jetliners have gained $0.27 to $108.71 in midday trading on Friday, giving it a market cap of $72.48 billion. The stock traded as high as $158.83 in February 20, 2015.

Aegerion Pharmaceuticals, Inc. (AEGR) was downgraded by BofA/Merrill (BAC) from a ‘Neutral’ rating to a ‘Underperform’ rating in a research report issued to clients on Friday.

AEGR closed at $6.18 on Thursday and is currently trading down $0.62.

In the past 52 weeks, shares of Cambridge, Massachusetts-based company have traded between a low of $5.34 and a high of $28.97 and are now trading at $5.56.

Shares are down 74.77% year-over-year and 38.81% since the beginning of the year.

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