Aquantia Corp (AQ) Receives Consensus Rating of “Buy” from Analysts

Shares of Aquantia Corp (NYSE:AQ) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.10.

Separately, Northland Securities started coverage on Aquantia in a research report on Wednesday, July 18th. They set an “outperform” rating and a $16.50 price objective on the stock.

Shares of NYSE AQ opened at $11.44 on Friday. The company has a market capitalization of $438.19 million and a price-to-earnings ratio of -23.83. Aquantia has a 12 month low of $9.01 and a 12 month high of $18.49.

Aquantia (NYSE:AQ) last issued its quarterly earnings results on Wednesday, July 25th. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $30.43 million for the quarter, compared to the consensus estimate of $30.00 million. Aquantia had a negative return on equity of 21.24% and a negative net margin of 3.76%. On average, equities analysts anticipate that Aquantia will post -0.12 earnings per share for the current year.

About Aquantia

Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, and access markets worldwide. Its products include corporate and cloud data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.

Further Reading: Should you buy a closed-end mutual fund?

Analyst Recommendations for Aquantia (NYSE:AQ)

Receive News & Ratings for Aquantia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aquantia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply