Avago Technologies Coverage Initiated at Deutsche Bank (AVGO)
Deutsche Bank began coverage on shares of Avago Technologies (NASDAQ:AVGO) in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Avago Technologies in a research note on Tuesday. They now have a $75.00 price target on the stock, up previously from $70.00. Separately, analysts at Barclays initiated coverage on shares of Avago Technologies in a research note on Friday, May 9th. They set an “overweight” rating and a $85.00 price target on the stock. Finally, analysts at Bank of America raised their price target on shares of Avago Technologies from $65.00 to $77.00 in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.51.
Shares of Avago Technologies (NASDAQ:AVGO) opened at 68.76 on Wednesday. Avago Technologies has a 52-week low of $33.54 and a 52-week high of $69.34. The stock has a 50-day moving average of $63.28 and a 200-day moving average of $55.69. The company has a market cap of $17.178 billion and a P/E ratio of 31.15.
Avago Technologies (NASDAQ:AVGO) last released its earnings data on Tuesday, February 25th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.06. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $705.29 million. On average, analysts predict that Avago Technologies will post $3.80 earnings per share for the current fiscal year.
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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