Deutsche Bank’s target means a potential upside of 15.76% from the company’s last stock price. As such, Acree reiterates a Buy rating on shares of AVGO, while raising the price target from $192 to $201 price target, which represents a almost 16% increase from where the stock is now trading. The average volume stands around 2.54 million shares. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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In related news, VP Patricia H. Mccall sold 8,000 shares of the business’s stock in a transaction dated Friday, July 8th. The stocks closing price on Thursday was $177.09. The disclosure for this sale can be found here.
Out of 29 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 28 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. The stock has a 50 day moving average price of $169.52 and a 200-day moving average price of $155.07. Avago Technologies has a 12-month low of $111.53 and a 12-month high of $179.42. The stock’s market capitalization has now valued at $68.55B.
Avago Technologies Limited has been the topic of 58 analyst reports since September 9, 2015 according to StockzIntelligence Inc.
On the company’s financial health, Avago Technologies Ltd reported $2.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Sep 1, 2016.
Next Quarter Estimate Trends: A current consensus EPS estimate for next quarter is established at $3.18 and three month ago EPS estimation was $3.18. Revenues rose 117.1% to $3.80 billion from $1.75 billion a year ago. RBC Capital Markets set a $185.00 price target on shares of Avago Technologies and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Specifically, the Notice states that the Company’s most recent thirty-day average selling price per share of $0.16 may not be suitable for auction market trading due to its low selling price. DA Davidson restated a “buy” rating and issued a $190.00 target price on shares of Avago Technologies in a report on Tuesday, August 30th.
The company also declared a quarterly dividend of $0.51 per share.
In addition to Argus reporting it’s price target, a total of 26 firms have issued a research note on the stock.
A number of hedge funds and institutional investors have recently modified their holdings of AVGO. During the same quarter in the previous year, the company posted $2.24 EPS. BlackRock Fund Advisors boosted its position in shares of Avago Technologies by 35.3% in the first quarter. On a relative basis, the stock has outperformed the S&P 500 by 1.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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Avago Technologies Limited (Avago) is a designer developer and global supplier of a range of analog semiconductor devices. The Company operates through four segments: wireless communications enterprise storage wired infrastructure and industrial & other.
