Broadcom Ltd (NASDAQ:AVGO) shares traded 1.85% up during most recent session to reach at the closing price of $274.06. The stock exchanged hands 2.39 Million shares versus average trading capacity of 3.81 Million shares, yielding a market cap of $112.91 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $291.72 within the next 52-weeks. The mean target projections are based on 32 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Broadcom Ltd (NASDAQ:AVGO) high price target of $350 and with a conservative view have low price target of $240.
Morgan Stanley “Maintained” Broadcom Ltd (NASDAQ:AVGO) in a research note issued to investors on 1/07/19 to Equal-Weight with price target of $261.
Additionally on 12/07/18 UBS “Maintained” Broadcom Ltd (NASDAQ:AVGO) to Buy setting price target at $275 and on 12/07/18 BMO Capital “Maintained” the stock to Market Perform at $250. Furthermore on 12/07/18 MKM Partners “Maintained” the stock to Buy at $280.
On the other hand the company has Relative Strength Index (RSI 14) of 62.16 along with Average True Range (ATR 14) of 7.71, Consequently Broadcom Ltd (NASDAQ:AVGO)’s weekly and monthly volatility is 2.59%, 2.50% respectively. The company’s beta value is at 0.69.
In terms of Buy, Sell or Hold recommendations, Broadcom Ltd (NASDAQ:AVGO) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Broadcom Ltd (NASDAQ:AVGO)’s minimum EPS for the current quarter is at $4.83 and can go high up to $5.8. The consensus mean EPS for the current quarter is at $5.25 derived from a total of 31 estimates from the analysts who have weighed in on projected earnings. However the company reported $5.12 earnings per share for the same quarter during last year.
Previously Broadcom Ltd (NASDAQ:AVGO) reported $5.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.58 by $0.27. The company posted an earnings surprise of 4.8%.
Broadcom Ltd (NASDAQ:AVGO)’s revenue estimates for the current quarter are $5.84 Billion according to 29 number of analysts, for the current quarter the company has high revenue estimates of $6.13 Billion in contradiction of low revenue estimates of $5.4 Billion. For the current year the company’s revenue estimates are $24.44 Billion compared to low analyst estimates of $23.76 Billion and high estimates of $24.7 Billion according to 33 number of analysts.
Currently Broadcom Ltd (NASDAQ:AVGO)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 88.5%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.36%.
Broadcom Ltd (NASDAQ:AVGO)’s trailing twelve month revenues are $20.85 Billion, whereas its price to sales ratio for the same period is 5.42. Its book value per share for the most recent quarter is $64.7 while its price to book ratio for the same period is 4.24, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 1.57 whereas its trailing twelve month P/E ratio is 24.06.