Stock analysts at Credit Suisse upped their price objective on shares of Applied Materials (NASDAQ:AMAT) from $15.00 to $17.00 in a report issued on Friday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective indicates a potential downside of 2.97% from the stock’s previous close.
A number of other firms have also recently commented on AMAT. Analysts at Deutsche Bank raised their price target on shares of Applied Materials from $15.00 to $18.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Needham & Company reiterated a “hold” rating on shares of Applied Materials in a research note to investors on Friday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.72.
Shares of Applied Materials (NASDAQ:AMAT) traded down 0.23% on Friday, hitting $17.52. The stock had a trading volume of 14,485,812 shares. Applied Materials has a 52-week low of $9.95 and a 52-week high of $18.18. The stock’s 50-day moving average is $17.73 and its 200-day moving average is $16.0. The company’s market cap is $21.074 billion.
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Analysts expect that Applied Materials will post $0.58 EPS for the current fiscal year.
Applied Materials, Inc (NASDAQ:AMAT) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.
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