The Manitowoc Company, Inc. (MTW) was reiterated an ‘Equal Weight’ by Barclays analysts on Tuesday. The broker also cut its price target on the stock to $4 from $14 following news of the spin-off of the food service, noting the seller of cranes and related products is small, highly levered relative to uncertain earnings, and is facing a potential further market slowdown.
Shares Manitowoc have traded today between $4.00 and $4.25 with the price of the stock fluctuating between $4.00 to $22.67 over the last 52 weeks. The name is currently changing hands at 9.00x this year’s forecasted earnings, compared to the industry’s 12.10x earnings multiple. Ticker has a t-12 price/sales ratio of 0.17. EPS for the same period registers at $0.46.
Shares of the $566.85 million market cap company traded as high as $22.67 on April 15, 2015.
Urban Outfitters Inc. (URBN) was reiterated as ‘Neutral’ with a $31 from $24 price target on Tuesday by MKM Partners following Q415 earnings results.
Urban Outfitters Inc. recently traded at $32.69, a gain of $4.53 over Monday’s closing price. The name has a current market capitalization of $3.84 billion.
FireEye, Inc. (FEYE) rating of ‘Outperform’ was reiterated today at FBN Securities with a price target increase of $25 from $18.
FEYE closed at $17.84 on Monday and is currently trading down $0.85.
In the past 52 weeks, shares of the cybersecurity solutions firm have traded between a low of $11.35 and a high of $55.33 and are now trading at $17.84.
Shares are down 56.36% year-over-year and 9.88% year-to-date.
Valeant Pharmaceuticals Int’l, Inc. (VRX) was reiterated as ‘Neutral’ at Mizuho. The firm also cut its price target on the name to $70 from $112, noting they expect lowered 2016 guidance on the March 15 call.
Valeant shares have declined 32.27% in the last 4 weeks and 29.90% in the past three months. The stock has nosedived nearly 80% since August, when it hit a record high of $263.81. Over the past year the name has lost 66.96%, compared with a 2.07% loss in the S&P 500.
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