Analyst Ratings for Broadcom Ltd. (AVGO)Updated: 2017-07-28
Broadcom Ltd. (NASDAQ:AVGO) was awarded an average rating of Buy from investment analysts following the stock. AVGO had previously received a consensus rating of Buy a month ago.
35 analysts issued ratings on the stock, where 30 gave AVGO a buy rating, 3 issued an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for AVGO. The highest price target was 305, implying potential capital gains of 21.54 percent. The most pessimistic price target was 203, which equates to a potential downside of -19.11 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 10.46 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.07 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 6.54 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
AVGO has traded between a high of 258.49 and a low of 158.75 over the past year. Today's price is 58.08 percent above the 52-week low, and below the high by 2.92 percent. AVGO has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The AVGO value stock report compares AVGO to some of its peers using value stock charts. The stock has a market capitalization of $104.5 billion. AVGO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.