Morningstar Assigns “A-” Credit Rating to ASML Holding NV (ASML)
ASML Holding NV (NASDAQ:ASML) has been given an “A-” credit rating by Morningstar. The credit rating agency’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a one star rating.
A number of other firms have also recently commented on ASML. Analysts at Stifel Nicolaus initiated coverage on shares of ASML Holding NV in a research note on Tuesday, August 26th. They set a “hold” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $90.01.
Shares of ASML Holding NV (NASDAQ:ASML) opened at 96.12 on Tuesday. 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 $90.9 and its 200-day moving average is $88.77. The company has a market cap of $42.023 billion and a P/E ratio of 21.71.
ASML Holding NV (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts predict that ASML Holding NV will post $3.21 earnings per share for the current fiscal year.
ASML Holding NV (NASDAQ:ASML) is the Netherlands-based holding company active in the field of technology.
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