Applied Materials (NASDAQ:AMAT) shares traded 1.34% up during most recent session to reach at the closing price of $34.76. The stock exchanged hands 7.57 Million shares versus average trading capacity of 13.6 Million shares, yielding a market cap of $33.86 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $48.09 within the next 52-weeks. The mean target projections are based on 23 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Applied Materials (NASDAQ:AMAT) high price target of $75 and with a conservative view have low price target of $33.
B. Riley FBR “Maintained” Applied Materials (NASDAQ:AMAT) in a research note issued to investors on 11/16/18 to Neutral with price target of $33.
Additionally on 11/16/18 Wells Fargo “Maintained” Applied Materials (NASDAQ:AMAT) to Outperform setting price target at $45 and on 11/16/18 Summit Insights Group “Downgrades” the stock to Hold at $0. Furthermore on 11/16/18 Deutsche Bank “Maintained” the stock to Hold at $37.
On the other hand the company has Relative Strength Index (RSI 14) of 55.67 along with Average True Range (ATR 14) of 1.53, Consequently Applied Materials (NASDAQ:AMAT)’s weekly and monthly volatility is 4.44%, 4.52% respectively. The company’s beta value is at 1.6.
In terms of Buy, Sell or Hold recommendations, Applied Materials (NASDAQ:AMAT) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Applied Materials (NASDAQ:AMAT)’s minimum EPS for the current quarter is at $0.76 and can go high up to $0.8. The consensus mean EPS for the current quarter is at $0.79 derived from a total of 20 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.06 earnings per share for the same quarter during last year.
Previously Applied Materials (NASDAQ:AMAT) reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97 by $0. The company posted an earnings surprise of 0%.
Applied Materials (NASDAQ:AMAT)’s revenue estimates for the current quarter are $3.73 Billion according to 18 number of analysts, for the current quarter the company has high revenue estimates of $4.05 Billion in contradiction of low revenue estimates of $3.63 Billion. For the current year the company’s revenue estimates are $15.29 Billion compared to low analyst estimates of $13.82 Billion and high estimates of $15.93 Billion according to 19 number of analysts.
Currently Applied Materials (NASDAQ:AMAT)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 82%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.03%.
Applied Materials (NASDAQ:AMAT)’s trailing twelve month revenues are $17.25 Billion, whereas its price to sales ratio for the same period is 1.96. Its book value per share for the most recent quarter is $7.02 while its price to book ratio for the same period is 4.95, as for as the company’s cash per share for the most recent quarter is $4.14, however its price to cash per share ratio for the same period is 8.4. The stock has 5 year expected PEG ratio of 0.48 whereas its trailing twelve month P/E ratio is 8.07.