ASML Holding Downgraded by HSBC to “Neutral” (ASML)
ASML Holding (NASDAQ:ASML) was downgraded by equities researchers at HSBC from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on ASML. Analysts at Susquehanna downgraded shares of ASML Holding from a “positive” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. Separately, analysts at Sanford C. Bernstein raised their price target on shares of ASML Holding from $91.00 to $107.90 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of ASML Holding in a research note to investors on Thursday, September 12th. They set a “conviction-buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $87.08.
Shares of ASML Holding (NASDAQ:ASML) traded down 1.11% during mid-day trading on Thursday, hitting $93.93. The stock had a trading volume of 1,473,012 shares. ASML Holding has a 52 week low of $50.37 and a 52 week high of $101.85. The stock has a 50-day moving average of $94.6 and a 200-day moving average of $84.21. The company has a market cap of $41.636 billion and a price-to-earnings ratio of 34.97.
ASML Holding (NASDAQ:ASML) last released its earnings data on Wednesday, October 16th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.29. The company had revenue of $1.32 billion for the quarter. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts expect that ASML Holding will post $3.03 EPS for the current fiscal year.
ASML Holding N.V. (NASDAQ:ASML) is a holding company, which operates through its subsidiaries.
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