Notable Downgrades: Southwest Airlines (LUV), Achillion (ACHN), Keysight Technologies (KEYS), Wal-Mart (WMT), Autodesk (ADSK)

Analysts at Buckingham Research downgraded Southwest Airlines Co. (LUV) from ‘Buy‘ to ‘Neutral‘ in a research report issued to clients on Wednesday.

On valuation measures, Southwest Airlines Co. stock it’s trading at a forward P/E multiple of 10.24x, and at a multiple of 17.98x this year’s estimated earnings. The t-12-month revenue at Southwest Airlines Co. is $18.85 billion. LUV ‘s ROE for the same period is 20.40%.

Shares of the $25.10 billion market cap company are up 64% year-over-year ; down 3.20% year-to-date.

Southwest Airlines Co., currently with a median Wall Street price target of $55.00 and a high target of $66.00, dropped $3.35 to $37.56 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Achillion Pharmaceuticals, Inc. (ACHN) was downgraded from ‘Market Outperform‘ to ‘Market Perform‘ at JMP Securities.

Shares have traded today between $8.96 and $9.55 with the price of the stock fluctuating between $2.65 to $16.87 over the last 52 weeks.

Achillion Pharmaceuticals Inc. shares have a price/book ratio of 4.72. EPS for the same period registers at ($0.71).

Shares of ACHN have lost $1.47 to $9.21 in mid-day trading on Wednesday, giving it a market cap of roughly $1.8 billion. The stock traded as high as $16.87 in December 22, 2014.

Robert W. Baird reported on Wednesday that they have lowered their rating for Keysight Technologies, Inc. (KEYS). The firm has downgraded KEYS from ‘Outperform‘ to ‘Neutral‘ and lowered its price target to $34 from $41 noting soft Q2/15 orders suggest a much weaker second-half 2015 than needed to support firm’s outlook.

Keysight Technologies Inc. recently traded at $32.36, a loss of $2.62 over Tuesday’s closing price. The name has a current market cap of $5.45 billion.

Wal-Mart Stores Inc. (WMT) was reiterated as ‘Equal Weight’ with $80 from $85 price target on Wednesday by Barclays.

WMT was down $0.29 at $76.14 in mid-day trade, moving within a 52-week range of $72.61 to $90.97. The name, valued at $245.59 billion, opened at $76.47.

On valuation measures, Wal-Mart Stores Inc. shares are currently priced at 15.08x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 0.51. EPS for the same period registers at $5.05.

As for passive income investors, the firm pays stockholders $1.96 per share annually in dividends, yielding 2.50%.

Autodesk, Inc. (ADSK) rating of ‘Overweight’ was reiterated today at Barclays with a price target decrease of $68 from $73.

ADSK closed at $57.52 on Tuesday and is currently trading down $0.07.

In the past 52 weeks, shares of the design software and services company have traded between a low of $48.38 and a high of $65.00 and are now trading at $57.45. Shares are up 11.58% year-over-year ; down 4.23% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*