Stifel Nicolaus Initiates Coverage on ASML Holding NV (ASML)
Stock analysts at Stifel Nicolaus initiated coverage on shares of ASML Holding NV (NASDAQ:ASML) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
ASML Holding NV (NASDAQ:ASML) traded up 0.64% on Tuesday, hitting $95.53. 361,633 shares of the company’s stock traded hands. ASML Holding NV has a 52 week low of $79.66 and a 52 week high of $101.85. The stock’s 50-day moving average is $90.81 and its 200-day moving average is $88.55. The company has a market cap of $41.765 billion and a price-to-earnings ratio of 21.33.
ASML Holding NV (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.21. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company posted $0.52 earnings per share. ASML Holding NV’s revenue was up 17.7% compared to the same quarter last year. On average, analysts predict that ASML Holding NV will post $3.23 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ASML. Analysts at Zacks upgraded shares of ASML Holding NV from an “underperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $95.20 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of ASML Holding NV from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 31st. Finally, analysts at Pacific Crest upgraded shares of ASML Holding NV from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $90.01.
ASML Holding NV (NASDAQ:ASML) is the Netherlands-based holding company active in the field of technology.
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