Analyst Revises Applied Materials, Inc. (NASDAQ:AMAT) Stock Target


Applied Materials, Inc. (NASDAQ:AMAT) mean price target has been set at $27.390 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.480 in the near-term quarter and $1.530 for the ongoing fiscal. The market cap of Applied Materials, Inc. was recorded at $28.50B after the stock closed at $26.165 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Applied Materials, Inc. (NASDAQ:AMAT) has a P/E ratio of 24.227. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Applied Materials, Inc. (NASDAQ:AMAT) PEG ratio sits at 1.060. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Applied Materials, Inc. visibly illustrates that the 50-day MA of Applied Materials, Inc. is $24.144, and stock is trading 2.021 or +8.370% distant from $24.144. The 200-day MA is $20.458, and this price is $5.707 or +27.893% off from current level. Applied Materials, Inc. (NASDAQ:AMAT) 52-week high is $26.240 and the 52-week low is $14.250. This represents that if the stock moves $-0.075 points up on the chart to make a 52-week high. But, if it declines $+83.614%, then the shares price can hit a new 52-week low.

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