Avago Technologies Receives Average Rating of “Buy” from Analysts (NYSE:AVGO)
Shares of Avago Technologies (NYSE:AVGO) have earned a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the stock, AnalystRatings.NET reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $64.93.
Avago Technologies (NYSE:AVGO) traded down 1.26% on Wednesday, hitting $58.20. The stock had a trading volume of 251,905 shares. Avago Technologies has a 52-week low of $30.57 and a 52-week high of $65.83. The stock’s 50-day moving average is $62.46 and its 200-day moving average is $52.82. The company has a market cap of $14.540 billion and a price-to-earnings ratio of 26.56.
AVGO has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Avago Technologies from $65.00 to $76.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of Avago Technologies from $66.00 to $70.00 in a research note on Monday, April 7th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Avago Technologies from $66.00 to $78.00 in a research note on Friday, March 28th.
Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products.
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