Zacks: Brokerages Set $72.70 Target Price for Alps Electric Co Ltd (NASDAQ:APELY)
Alps Electric Co Ltd (NASDAQ:APELY) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $72.70 for the company, according to Zacks. Zacks has also given Alps Electric Co an industry rank of 31 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Alps Electric Co from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Friday, April 28th.
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Alps Electric Co (NASDAQ:APELY) traded up 1.91% on Friday, reaching $58.25. 240 shares of the company’s stock were exchanged. The company has a market cap of $5.71 billion and a price-to-earnings ratio of 18.31. Alps Electric Co has a 52 week low of $33.62 and a 52 week high of $62.31. The stock’s 50 day moving average is $56.82 and its 200 day moving average is $55.53.
Alps Electric Co Company Profile
Alps Electric Co, Ltd. develops, manufactures and markets approximately 40,000 types of electronic components. The Company’s segments include Electronic components, Automotive Infotainment and Logistics. The Electronic components business involves the development, manufacturing and marketing of a range of electronic components.
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