Analyst Ratings for Advanced Semiconductor Engineering Inc. ADR (ASX)

Updated: 2017-07-27

Shares of Advanced Semiconductor Engineering Inc. ADR (NYSE:ASX) have received a consensus rating of Overweight from Wall Street analysts. ASX had previously received a consensus rating of Overweight a month ago.

12 analysts declared ASX a buy, 3 gave an overweight rating, 7 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for ASX. The maximum price target given was 8.29, which equates to a potential upside of 24.47 percent. The lowest price target was 5.98, implying potential capital losses of -10.21 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.58 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

Analysts estimate earnings of ASX to grow at a rate of 12.13 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. ASX has a PEG ratio of 1.48.

In the trailing 52-weeks, ASX hit 6.64 at the highest peak, while it's lowest trading point was 4.89. The current market price is above the trailing year's low by 36.2 percent, and -0.31 percent below the high. ASX has a price/earnings ratio of 17.94. Investors typically compare the P/E ratio to a company's peers in the industry. The ASX value stock report compares ASX to some of its peers using value stock charts. The market cap of ASX is $11.02 billion. ASX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.