ASML Holding Upgraded to “Hold” at Commerzbank AG (ASML)
ASML Holding (NASDAQ:ASML) was upgraded by investment analysts at Commerzbank AG from a “reduce” rating to a “hold” rating in a note issued to investors on Wednesday, StockRatingsNetwork reports.
A number of other analysts have also recently weighed in on ASML. Analysts at Credit Suisse downgraded shares of ASML Holding from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $68.00 price target on the stock, down previously from $75.00. Separately, analysts at ING Group initiated coverage on shares of ASML Holding in a research note to investors on Thursday, January 9th. They set a “buy” rating on the stock. Finally, analysts at Societe Generale upgraded shares of ASML Holding from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ASML Holding currently has an average rating of “Buy” and a consensus price target of $87.23.
ASML Holding (NASDAQ:ASML) traded up 4.25% on Wednesday, hitting $90.85. The stock had a trading volume of 1,719,875 shares. ASML Holding has a 52-week low of $64.93 and a 52-week high of $101.85. The stock has a 50-day moving average of $90.59 and a 200-day moving average of $91.53. The company has a market cap of $40.247 billion and a price-to-earnings ratio of 35.54.
ASML Holding (NASDAQ:ASML) last released its earnings data on Wednesday, January 22nd. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.20. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 80.6% on a year-over-year basis. On average, analysts predict that ASML Holding will post $2.94 earnings per share for the current fiscal year.
ASML Holding N.V. (NASDAQ:ASML) is a holding company, which operates through its subsidiaries.
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