5 Stocks Slump to 52-Week Lows: Wynn, First Solar

NEW YORK ( TheStreet) -- Shares of the following stocks sank to 52-week lows on Monday: Exelon ( EXC), Wynn Resorts ( WYNN), Symantec ( SYMC), DeVry ( DV) and First Solar ( FSLR).

Exelon

"Exelon will host an analyst meeting on June 7th in New York City to outline strategic, operational and financial plans," Bank of America Merrill Lynch analysts wrote in a May 6 report. "Management has made it clear that they are very committed to maintaining the dividend and strong credit metrics. We believe that keys for FY12 include: 1) the hedging of most of Exelon Generation's expected FY12 generation well ahead of recent declines of power and natural gas prices; 2) continued excellent nuclear operations; and 3) continued financial discipline."

Shares of Exelon hit a 52-week low of $37.12 on Monday. The stock's 52-week high of $45.45. was set on Nov.9.

Exelon trades at an estimated price-to-earnings ratio of 12.66 times; the average for conventional electric companies is 22.17. For comparison, Southern ( SO) has a higher forward P/E of 16.15.

Fifteen of the 21 analysts who cover Exelon rated it hold; six analysts gave the stock a buy rating.

The stock has fallen 14.18% year to date.

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Wynn Resorts

"WYNN's adjusted enterprise value is currently 10.3x our 2012 EBITDA estimate, above the gaming group average of 9.0x and below the Macau centric operators at 11.3x," KeyBanc Capital Markets analysts wrote in a May 15 report. "The P/E ratio is now at a historically low 18.2x 2012 EPS vs a three-year average of 36x, andon an EV/Sales basis WYNN trades at 2.8x, below its three year average of 3.9s. We value WYNN on a sum-of-the-parts valuation basis (12.75x EV/forward EBITDA for Macau, 11x for Las Vegas, and $4 billion in net debt) and arrive at our $175 price target for WYNN. In our opinion, the pullback following 1Q12 earnings has created an opportunity to add to or initiate positions in the good quality growth name of WYNN."

Shares of Wynn Resorts hit a 52-week low on Monday at $98.26. The stock's 52-week high of $165.49 was set on July 19.

Wynn Resorts' forward P/E is 14.42; the average for gambling companies is 13.73. For comparison, International Game Technology ( IGT) has a lower forward P/E of 12.07.

Fifteen of the 27 analysts who cover Wynn Resorts rated it buy. Eleven analysts gave the stock a hold rating and one rated it sell.

The stock has fallen 6.82% year to date.


Symantec

"We believe Symantec is attractively valued at about a 16% TTM free cash flow yield," JPMorgan analysts wrote in a May 10 report. "We believe, however, the stock is currently trading as if it will not grow."

Shares of Symantec hit a 52-week low of $14.63 on Monday. The stock's 52-week high of $20 was set on July 7.

Symantec's forward P/E is 8.22; the average for software companies is 29.91. For comparison, Intuit ( INTU) has a higher forward P/E of 16.31.

Twenty-one of the 34 analysts who cover Symantec rated it buy. Twelve analysts gave the stock a hold rating and one rated it sell.

The stock has fallen 3.9% year to date.

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DeVry

"Once again, management said they believe DVU new enrollment declines arebottoming, but that they can't call a positive inflection point yet; they think deflatedconsumer confidence, not rising competition, remains the primary headwind," Credit Suisse analysts wrote in an April 25 report. "While offering no specific guidance, they said they expect FY13 YoY earnings decline on flat-to-down revenue; they remain bullish on long-term growth prospects."

Shares of DeVry hit a 52-week low on Monday of $28.16. The stock's 52-week high of $66.85 was set on July 21.

DeVry's forward P/E is 9.28; the average for specialty consumer services companies is 13.12.

Ten of the 19 analysts who cover DeVry rated it buy; nine analysts gave the stock a hold rating.

The stock has fallen 25.38% year to date.


First Solar

"The significant growth in U.S. solar installations (111% in 2011) has been fueledby dropping prices of solar panels," Cantor Fitzgerald analysts wrote in a May 18 report. "This made everything from residential solar to utility-scale solar financially viable. We believe that many projects will now be in limbo as developers try to make the business case with increased costs. This takes the nascent U.S. solar industry evolution out of the hands of entrepreneurs and technologists and into the hands of politicians, bureaucrats, and lawyers."

Shares of First Solar hit a 52-week low on Monday of $13.37. The stock's 52-week high of $142.22 was set on June 30.

First Solar's forward P/E is 3.39; the average for renewable energy equipment companies is 8.09. For comparison, SunPower ( SPWR) has a higher forward P/E of 19.66.

Twenty-seven analysts who cover First Solar rated it hold. Six analysts gave the stock a buy rating and another six rated it sell.

The stock has fallen 59.14% year to date.

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-- Written by Alexandra Zendrian

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