Notable Downgrades: American Airlines (AAL), Sierra Wireless (SWIR), KLA-Tencor (KLAC), Micron (MU)

Analysts at Raymond James downgraded American Airlines Group Inc. (AAL) from ‘Outperform‘ to ‘Market Perform‘ in a research report issued to clients on Monday.

On valuation measures, American Airlines Group Inc. stock it’s trading at a forward P/E multiple of 5.34x, and at a multiple of 8.68x this year’s estimated earnings. The t-12-month revenue at American Airlines Group Inc. is $42.48 billion. AAL’s ROE for the same period is 173%.

Shares of the $27.52 billion market cap company are down 0.73% year-over-year and 21.89% year-to-date.

American Airlines Group Inc., currently with a median Wall Street price target of $66.50 and a high target of $84.50, dropped $2.00 to $39.65 in recent trading.

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

Sierra Wireless Inc. (SWIR) had its price target lowered to $44 from $50 at Canaccord Genuity.

Shares have traded today between $27.09 and $28.52 with the price of the stock fluctuating between $18.50 to $49.13 over the last 52 weeks.

Sierra Wireless Inc. shares have a t-12 price/sales ratio of 1.59. EPS for the same period registers at ($0.71).

Shares of SWIR have lost $1.23 to $27.40 in mid-day trading on Monday, giving it a market cap of roughly $880 million. The stock traded as high as $49.13 in December 31, 2014.

UBS reported on Monday that they have lowered their price target for KLA-Tencor Corporation (KLAC) to $64 from $70.

KLA-Tencor Corp. recently traded at $56.01, a loss of $0.96 over Friday’s closing price. The name has a current market capitalization of $8.96 billion.

As for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 3.40%. Five year average dividend yield currently stands at 2.60%.

Micron Technology, Inc. (MU) rating of ‘Buy’ was reiterated today at UBS but with a price target decrease of $35 from $38.

MU closed at $26.59 on Friday and is currently trading down $0.62.

In the past 52 weeks, shares of the company have traded between a low of $25.61 and a high of $36.59. Shares are down 8.44% year-over-year and 24.05% year-to-date.

Be the first to comment

Leave a Reply

Your email address will not be published.


*