ASML Holding Downgraded to Equal Weight at Morgan Stanley (ASML)
ASML Holding (NASDAQ:ASML) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, AnalystRatingsNetwork reports.
ASML Holding (NASDAQ:ASML) opened at 94.98 on Thursday. ASML Holding has a 1-year low of $50.37 and a 1-year 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 $42.101 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 for the quarter, missing the analysts’ consensus estimate of $0.73 by $0.29. The company had revenue of $1.32 billion for the quarter. During the same quarter last year, the company posted $0.65 earnings per share. ASML Holding’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that ASML Holding will post $3.03 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ASML. Analysts at HSBC downgraded shares of ASML Holding from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. ASML Holding has an average rating of “Buy” and an average target price of $87.08.
ASML Holding N.V. (NASDAQ:ASML) is a holding company, which operates through its subsidiaries.
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