Applied Materials’s “Strong-Buy” Rating Reiterated at S&P Equity Research (AMAT)
AMAT has been the subject of a number of other recent research reports. Analysts at Argus reiterated a “buy” rating on shares of Applied Materials in a research note on Tuesday. They now have a $22.10 price target on the stock, down previously from $25.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Applied Materials in a research note on Friday, August 15th. They now have a $22.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Applied Materials in a research note on Friday, August 15th. They now have a $22.00 price target on the stock, up previously from $21.00. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Applied Materials presently has an average rating of “Buy” and an average price target of $24.32.
Shares of Applied Materials (NASDAQ:AMAT) traded up 1.37% on Thursday, hitting $22.20. 11,335,435 shares of the company’s stock traded hands. Applied Materials has a one year low of $14.85 and a one year high of $23.46. The stock has a 50-day moving average of $21.95 and a 200-day moving average of $20.37. The company has a market cap of $27.040 billion and a P/E ratio of 27.04.
Applied Materials (NASDAQ:AMAT) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.01. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. On average, analysts predict that Applied Materials will post $1.06 earnings per share for the current fiscal year.
Applied Materials, Inc (NASDAQ:AMAT) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.
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