Visa (V:NYS) and Progressive (PGR: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
V Visa Inc 6 0 1 1 0 0 4.3750 4.5000 Outperform
PGR Progressive Corp 3 0 1 1 0 0 4.0000 4.2500 Outperform
SHOP Shopify Inc 9 3 2 0 2 0 4.0625 4.1875 Outperform
BTU Peabody Energy Corp 0 0 1 0 0 0 3.0000 4.0000 Hold
X United States Steel Corp 1 0 2 0 2 0 2.6000 2.8000 Hold
NXRT NexPoint Residential Trust Inc 1 0 1 0 0 0 4.0000 4.3333 Outperform
CUBI Customers Bancorp Inc 0 0 1 0 0 0 3.0000 4.0000 Hold
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
SHOP Shopify Inc 9 3 2 0 2 0 4.0625 4.1875 Outperform
IPL Inter Pipeline Ltd 5 1 9 0 1 0 3.5625 3.5882 Outperform
X TMX Group Ltd 3 3 1 0 0 0 4.2857 4.5714 Outperform
FSV FirstService Corp 0 1 4 0 0 0 3.2000 3.2500 Hold
WDO Wesdome Gold Mines Ltd 5 3 3 0 0 0 4.1818 4.3636 Outperform
TOT Total Energy Services Inc 2 2 4 0 0 0 3.7500 3.7778 Outperform
MCB McCoy Global Inc 0 1 1 0 0 0 3.5000 3.6667 Hold
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
KBLT Cobalt 27 Capital Corp 2 3 2 0 3 0 3.1000 3.5000 Hold
PSH PetroShale Inc 2 2 1 0 0 0 4.2000 4.2500 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
CDNS Cadence Design Systems Inc 2 0 1 0 1 0 3.5000 3.8000 Hold
FSV FirstService Corp 0 1 4 0 0 0 3.2000 3.2500 Hold
OMAB Grupo Aeroportuario del Centro Norte SAB de CV 0 0 2 0 0 0 3.0000 3.6667 Hold
ENPH Enphase Energy Inc 2 0 2 0 0 0 4.0000 4.5000 Outperform
MLCO Melco Resorts and Entertainment Ltd 3 0 1 0 0 0 4.5000 4.6000 Outperform
SMMT Summit Therapeutics PLC 2 0 2 0 0 0 4.0000 4.3333 Outperform

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.

V:NYS Visa

http://www.corporate.visa.com
Visa has 17000 employees and is headquartered in United States.
Visa Inc is a payments technology company working to enable consumers, businesses, banks and governments to use fast, secure and reliable digital currency. The Company operates processing networks – VisaNet.

PGR:NYS Progressive

http://www.progressive.com
Progressive has 37346 employees and is headquartered in United States.
Progressive Corp is an insurance holding company which provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services.

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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.