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.
AVGO was given price targets by several analysts. The highest price target was 305, implying potential capital gains of 21.54 percent. The lowest price target was 203, implying a possible loss 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 10.46 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.07 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 6.54 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
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 market cap of AVGO is $104.5 billion. AVGO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.