Celgene (CELG:NAS) and Westpac Banking (WBK:NYS) Downgraded

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Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
WBK Westpac Banking Corp 0 2 2 0 0 0 3.5000 3.6667 Hold
KMI Kinder Morgan Inc 2 0 4 0 0 0 3.6667 3.8000 Outperform
RMP Rice Midstream Partners LP 0 0 1 0 0 0 3.0000 5.0000 Hold
JCP JC Penney Co Inc 1 0 4 0 1 0 3.0000 3.2857 Hold
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
GEI Gibson Energy Inc 2 2 9 0 0 0 3.4615 3.6154 Hold
SCL Shawcor Ltd 2 2 2 0 0 0 4.0000 4.3333 Outperform
BLX Boralex Inc 4 3 0 0 0 0 4.5714 4.6250 Buy
CEU CES Energy Solutions Corp 5 4 0 0 0 0 4.5556 4.6000 Buy
SES Secure Energy Services Inc 7 3 1 0 0 0 4.5455 4.5833 Buy
ATH Athabasca Oil Corp 3 2 1 0 2 0 3.5000 3.7500 Hold
PIF Polaris Infrastructure Inc 1 3 0 0 0 0 4.2500 4.4000 Outperform
NAL Newalta Corp 0 1 2 0 0 0 3.3333 3.7500 Hold
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
CELG Celgene Corp 6 0 2 0 0 0 4.5000 4.6250 Outperform
REGN Regeneron Pharmaceuticals Inc 5 1 2 0 0 0 4.3750 4.6250 Outperform
XLNX Xilinx Inc 2 0 2 1 0 0 3.6000 3.7500 Outperform
ZBRA Zebra Technologies Corp 1 1 2 0 0 0 3.7500 4.0000 Outperform
ACHC Acadia Healthcare Co Inc 3 0 1 0 0 0 4.5000 4.6000 Outperform
MLNX Mellanox Technologies Ltd 1 0 3 0 0 0 3.5000 3.6667 Hold
MDXG MiMedx Group Inc 0 0 0 0 1 0 1.0000 3.0000 Sell
SPTN SpartanNash Co 1 0 1 0 1 0 3.0000 3.6667 Hold
LMNX Luminex Corp 0 0 0 0 2 0 1.0000 2.3333 Sell

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

CELG:NAS Celgene

http://www.celgene.com
Celgene has 7132 employees and is headquartered in United States.
Celgene Corp is a biotech company that discovers, develops, and commercializes therapies designed to treat cancer and immune-inflammatory related diseases. Its registered brands are Abraxane, Istodax, Otezla, Pomalyst, Revlimid, Thalomid, Vidaza.

WBK:NYS Westpac Banking

http://www.westpac.com.au
Westpac Banking has 32190 employees and is headquartered in Australia.
Westpac Banking Corp is engaged in providing banking and financial services. It offers various services such as lending, deposit, payments service, investment portfolio management, superannuation and funds management, insurance services and others.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.