ASML Holding Downgraded by RBC Capital to “Underperform” (ASML)
ASML Holding (NASDAQ: ASML) was downgraded by equities research analysts at RBC Capital from a “sector perform” rating to an “underperform” rating in a research note issued to investors on Monday. They currently have a $52.00 price target on the stock, down from their previous price target of $59.00.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna raised their price target on shares of ASML Holding from $80.00 to $95.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. Separately, analysts at Zacks downgraded shares of ASML Holding from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $69.80 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of ASML Holding in a research note to investors on Wednesday, February 27th.
Twelve investment analysts have rated the stock with a buy rating, five have issued an overweight rating, fourteen have assigned a hold rating, two have assigned an underweight rating, and four have issued a sell rating to the company. The stock presently has a consensus rating of “-” and a consensus target price of $69.55.
ASML Holding opened at 71.63 on Monday. ASML Holding has a 52-week low of $56.8052 and a 52-week high of $78.30. The stock’s 50-day moving average is currently $72.13. The company has a market cap of $29.165 billion and a price-to-earnings ratio of 20.64.
ASML Holding last posted its quarterly earnings results on Thursday, January 17th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. Analysts expect that ASML Holding will post $3.31 EPS for the current fiscal year.
The company also recently announced a annual dividend, which is scheduled for Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.71 per share. This represents a dividend yield of 0.99%. The ex-dividend date is Friday, April 26th.
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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