AU Optronics Corp. Hits New 1-Year High at $4.89 (AUO)
AU Optronics Corp. (NYSE:AUO)’s share price reached a new 52-week high during trading on Wednesday , Analyst Ratings.Net reports. The stock traded as high as $4.89 and last traded at $4.88, with a volume of 301,001 shares traded. The stock had previously closed at $4.58.
Several analysts have recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of AU Optronics Corp. in a research note on Friday, August 8th. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $4.70 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of AU Optronics Corp. from a “sell” rating to a “buy” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. AU Optronics Corp. has an average rating of “Buy” and a consensus target price of $4.70.
The stock has a 50-day moving average of $4.48 and a 200-day moving average of $3.86. The company has a market cap of $4.715 billion and a price-to-earnings ratio of 18.32.
AU Optronics Corp. (NYSE:AUO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.18. The company had revenue of $102.04 billion for the quarter, compared to the consensus estimate of $101.59 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, analysts predict that AU Optronics Corp. will post $0.35 earnings per share for the current fiscal year.
AU Optronics Corp. is engaged in the research, development, design, manufacture and distribution of flat panel displays.
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