The shares of Applied Materials, Inc. (NASDAQ:AMAT) has been pegged with a rating of Outperform by Imperial Capital in its latest research note that was published on November 20th, 2018. The research company has also assigned a $47 price target. Imperial Capital wasn’t the only research firm that published a report of Applied Materials, Inc., with other equities research analysts also giving their opinion on the stock. Cowen advised investors in its research note published on November 20th, 2018, to Outperform the AMAT stock while also putting a $47 price target. The stock had earned Outperform rating from Wells Fargo when it published its report on November 16th, 2018. That day the Wells Fargo set price target on the stock to $45. The stock was given Neutral rating by UBS in its report released on November 16th, 2018, the day when the price target on the stock was placed at $39. RBC Capital Mkts was of a view that AMAT is Sector Perform in its latest report on November 16th, 2018 while giving it a price target of $38. KeyBanc Capital Mkts thinks that AMAT is worth Overweight rating. This was contained in the firm’s report on November 16th, 2018 in which the stock’s price target was also moved to $56.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 7 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $48.18. The price of the stock the last time has raised by 13.63% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 46.25.
The shares of the company dipped by -2.09% during the trading session on Thursday, reaching a low of $33.98 while ending the day at $34.69. During the trading session, a total of 16.87 million shares were traded which represents a -26.91% decline from the average session volume which is 13.29M shares. AMAT had ended its last session trading at 35.43. Applied Materials, Inc. currently has a market cap of $34.48B, while its P/E ratio stands at 8.04, while its P/E earnings growth sits at 2.00, with a beta of 1.62. Applied Materials, Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 1.70. AMAT 52-week low price stands at $30.53 while its 52-week high price is $62.40.
The company in its last quarterly report recorded $0.97 earnings per share which is below the $0.97 predicted by most analysts. The Applied Materials, Inc. generated $4,014.00 million in revenue during the last quarter, which is slightly higher than the $4,002.13 million predicted by analysts. In the second quarter last year, the firm recorded $1.20 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -23.71%. Applied Materials, Inc. has the potential to record 4.31 EPS for the current fiscal year, according to equities analysts.
Investment analysts at B. Riley FBR published a research note on November 8th, 2018 where it informed investors and clients that Groupon, Inc. (NASDAQ:GRPN) is now rated as Buy. Their price target on the stock stands at $5.60. Cowen also rated GRPN as Reiterated on November 20th, 2018, with its price target of $47 suggesting that GRPN could surge by 24.32% from its current share price. Even though the stock has been trading at $3.15/share, analysts expect it to surge higher by -2.22% to reach $4.07/share. It started the day trading at $3.1 and traded between $2.98 and $3.08 throughout the trading session.
A look at its technical shows that GRPN’s 50-day SMA is 3.29 while its 200-day SMA stands at 4.21. The company’s average trading volume currently stands at 7.53M shares, which means that the short-interest ratio is just 5.47 days. Over the past seven days, the company moved, with its shift of -3.14%. Looking further, the stock has dropped -22.42% over the past 90 days while it lost -33.76% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more GRPN shares, increasing its portfolio by +8.19% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,881,984 shares in the last quarter, thus it now holds 38,086,547 shares of GRPN, with a total valuation of $124,543,009. BlackRock Fund Advisors followed the path by increasing its GRPN portfolio by +0.37% in the quarter. This means that BlackRock Fund Advisors bought 99,953 shares in the last quarter and now controls 27,164,004 shares of the GRPN stock, with the valuation hitting $88,826,293.
Similarly, P2 Capital Partners LLC increased its Groupon, Inc. shares by +46.47% during the recently filed quarter. After buying 5,805,700 shares in the last quarter, the firm now controls 18,300,000 shares of Groupon, Inc. which are valued at $59,841,000. In the same vein, MIG Capital LLC increased its Groupon, Inc. shares by during the most recent reported quarter. The firm bought 5,020,150 shares during the quarter which increased its stakes to 15,760,000 shares and is now valued at $51,535,200. Following these latest developments, around 1.40% of Groupon, Inc. stocks are owned by institutional investors and hedge funds.