ASML Holding Coverage Initiated by Analysts at Goldman Sachs Group Inc. (ASML)
Research analysts at Goldman Sachs Group Inc. began coverage on shares of ASML Holding (NASDAQ:ASML) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “conviction-buy” rating on the stock.
ASML Holding (NASDAQ:ASML) opened at 89.43 on Thursday. ASML Holding has a one year low of $60.90 and a one year high of $93.50. The stock’s 50-day moving average is $90.2 and its 200-day moving average is $79.46. The company has a market cap of $39.641 billion and a price-to-earnings ratio of 32.93.
ASML Holding (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that ASML Holding will post $3.01 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ASML. Analysts at Northland Securities initiated coverage on shares of ASML Holding (NASDAQ:ASML) in a research note to investors on Wednesday, August 28th. They set an “outperform” rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of ASML Holding (NASDAQ:ASML) in a research note to investors on Wednesday, August 28th. They set an “outperform” rating and a $110.00 price target on the stock. Finally, analysts at Berenberg Bank initiated coverage on shares of ASML Holding (NASDAQ:ASML) in a research note to investors on Tuesday, July 23rd. They set a “hold” rating on the stock.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. ASML Holding presently has a consensus rating of “Buy” and a consensus target price of $77.43.
ASML Holding N.V. (NASDAQ:ASML) is a holding company, which operates through its subsidiaries.
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