First Solar, Inc. (FSLR) had its rating lowered from ‘Overweight’ to ‘Neutral’ by analysts at JP Morgan (JPM) on Tuesday.
Currently there are 10 analysts that rate FSLR a ‘Buy’, no analyst rates it a ‘Sell’, and 8 rate it a ‘Hold’.
FSLR was down $2.90 at $68.97 in midday trade, moving within a 52-week range of $40.25 to $73.71. The name, valued at $6.96 billion, opened at $71.36.
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Bank of America Corporation (BAC) was downgraded from ‘Overweight’ to ‘Neutral’ at Atlantic Equities.
Shares have traded today between $12.62 and $13.21 with the price of the stock fluctuating between $10.99 to $18.48 over the last 52 weeks.
Bank of America Corp. shares are currently changing hands at 10.02x this year’s forecasted earnings, compared to the industry’s 14.27x earnings multiple. Ticker has a t-12 price/sales ratio of 1.66. EPS for the same period registers at $1.31.
Shares of BofA have gained $0.61 to $13.13 in midday trading on Tuesday, giving it a market cap of roughly $136 billion. The stock traded as high as $18.48 on July 22, 2015.
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Analysts at CJS Securities downgraded Cal-Maine Foods, Inc. (CALM) from ‘Market Outperform’ to ‘Market Perform’ in a research report issued to clients on Tuesday.
On valuation measures, Cal-Maine Foods Inc. stock it’s trading at a forward P/E multiple of 10.23x, and at a multiple of 7.34x this year’s estimated earnings. The t-12-month revenue at CALM is $2.00 billion. Ticker ‘s ROE for the same period is 46.40%.
Shares of the $2.57 billion market cap company are up 48.59% year-over-year and 17% year-to-date.
Cal-Maine Foods Inc., currently with a median Wall Street price target of $57.50 and a high target of $62.00, dropped $0.44 to $52.94 in recent trading.
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SanDisk Corp. (SNDK) was downgraded by Stifel from a ‘Buy’ rating to a ‘Hold’ rating in a research report issued to clients on Tuesday.
SNDK closed at $72.26 on Monday and is currently trading up $1.39.
In the past 52 weeks, shares of the designer of data storage solutions have traded between a low of $44.28 and a high of $87.43 and are now trading at $73.64.
Shares are down 8.74% year-over-year and 4.91% since the beginning of the year.
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