Analyst Downgrades: Hain Celestial Group Inc, Transocean LTD, and The Rubicon Project Inc

Analysts downwardly revised their ratings and price targets on Hain Celestial Group Inc (NASDAQ:HAIN), Transocean LTD (NYSE:RIG), and The Rubicon Project Inc (NYSE:RUBI)

Aug 16, 2016 at 9:54 AM
facebook X logo linkedin


Analysts are weighing in organic food specialist Hain Celestial Group Inc (NASDAQ:HAIN), energy stock Transocean LTD (NYSE:RIG), and advertising tech specialist The Rubicon Project Inc (NYSE:RUBI). Here's a quick roundup of today's bearish brokerage notes on HAIN, RIG, and RUBI.

  • HAIN has plunged 28% to trade at $38.61, after the company said it will delay its fiscal fourth-quarter and full-year earnings results as a result of accounting issues. Additionally, Hain Celestial Group Inc said sales and profit for 2016 will fall short of its previous forecast. Wall Street was quick to weigh in, with the stock receiving a bevy of bearish brokerage notes, including downgrades to "neutral" from "buy" at Wedbush and SunTrust Robinson. As a result of today's bear gap, the security is now in the red on a year-to-date basis -- and, while HAIN is short-sale restricted today, bearish bettors could be cheering. Short interest jumped 11% in the most recent two reporting periods, and now accounts for a healthy 7.9% of the stock's available float.

  • Jefferies lowered its price target on RIG to $10, sending the shares down 0.7% to trade at $10.34. This negative price action is just more of the same for the energy stock, which has shed roughly one-fifth of its value since being rejected by the key $13 mark in mid-July. Analysts, meanwhile, have taken a glass-half-empty approach toward Transocean LTD. Of the 20 brokerages covering the shares, all but two maintain a "hold" or worse recommendation, while the average 12-month price target of $9.07 stands at a discount to the stock's current perch.

  • Analysts continue to chime in on RUBI, following its recent guidance-induced bear gap. Overnight, First Analysis downgraded the stock to "equal weight" from "overweight" and slashed its price target to $10.50 from $22. Against this backdrop, shares of The Rubicon Project Inc have dropped 4.8% at $9.19. Since topping out at an annual high of $20.37 in late April, the stock has now surrendered more than half of its value. Nevertheless, options traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have bought to open 12.84 call options for every put option on RUBI in the past two weeks.
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI