Nomura Raises ASML Holding to Buy (ASML)

By admin | 6 years ago

ASML Holding (NASDAQ: ASML) was upgraded by equities researchers at Nomura (NYSE: NMR) from a “neutral” rating to a “buy” rating in a report issued on Friday.

Shares of ASML Holding traded up 1.72% during mid-day trading on Friday, hitting $45.65. ASML Holding has a 52 week low of $30.65 and a 52 week high of $51.76. The company has a market cap of $18.799 billion and a P/E ratio of 11.02.

ASML Holding last announced its earnings results on Wednesday, April 18th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts predict that ASML Holding will post $0.87 earnings per share next quarter.

A number of other analysts have also recently weighed in on ASML. Analysts at RBC Capital (NYSE: RY) initiated coverage on shares of ASML Holding in a research note to investors on Tuesday, March 13rd. They set an “outperform” rating and a $56.00 price target on the stock. Analysts at ING Group initiated coverage on shares of ASML Holding in a research note to investors on Friday, February 24th. They set a “buy” rating on the stock.

ASML Holding N.V. (ASML) is a holding company, which operates through its subsidiaries. The Company is a provider of advanced technology systems for the semiconductor industry.

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