Brokerages Set AU Optronics Corp. (AUO) Target Price at $4.13
AU Optronics Corp. (NYSE:AUO) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4.13.
AUO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded AU Optronics Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Credit Suisse Group AG upgraded AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Sanford C. Bernstein lowered AU Optronics Corp. from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $3.81 to $4.00 in a research report on Friday, September 9th. They noted that the move was a valuation call. Drexel Hamilton restated a “hold” rating on shares of AU Optronics Corp. in a research report on Thursday, October 6th. Finally, Bank of America Corp. upgraded AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th.
Several large investors have recently bought and sold shares of AUO. Royal Bank of Canada increased its stake in AU Optronics Corp. by 0.3% in the second quarter. Royal Bank of Canada now owns 39,284 shares of the company’s stock worth $137,000 after buying an additional 132 shares during the period. Schwab Charles Investment Management Inc. increased its stake in AU Optronics Corp. by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 523,276 shares of the company’s stock worth $1,827,000 after buying an additional 35,844 shares during the period. Point72 Asset Management L.P. purchased a new stake in AU Optronics Corp. during the second quarter worth $263,000. Highbridge Capital Management LLC purchased a new stake in AU Optronics Corp. during the second quarter worth $175,000. Finally, EverPoint Asset Management LLC purchased a new stake in AU Optronics Corp. during the second quarter worth $611,000. 6.58% of the stock is owned by institutional investors.
AU Optronics Corp. (NYSE:AUO) opened at 3.85 on Thursday. The stock’s market capitalization is $3.71 billion. The company has a 50-day moving average of $3.78 and a 200-day moving average of $3.34. AU Optronics Corp. has a 52-week low of $2.32 and a 52-week high of $4.42.
AU Optronics Corp. (NYSE:AUO) last announced its earnings results on Wednesday, July 27th. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.14. AU Optronics Corp. had a negative return on equity of 5.49% and a negative net margin of 3.35%. The business earned $80.09 billion during the quarter, compared to analysts’ expectations of $77.62 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts expect that AU Optronics Corp. will post $0.11 EPS for the current year.
AU Optronics Corp. Company Profile
AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.
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