Looking at top Wall Street opinions, Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) has recently made its way into the research list of Goldman – signaling that their analyst’s rating adjustment is noteworthy. This stock was Buy in the eyes of Goldman, as reported on Tuesday, May 7th, 2019. Another heavy-hitting research note was published by CLSA on Thursday January 17th, 2019, with this firm downgrading TSM to an updated rating of Underperform from its previous rating of Outperform. In the past six months and three months of trading, shares of Taiwan Semiconductor Manufacturing Company Limited (TSM) have moved by 10.24% and 10.07%, respectively.
Brokerage Updates Related to Taiwan Semiconductor Manufacturing Company Limited (TSM) Stock
Not a Single analyst have given underperform rating or sell rating, and 1 have given a rating of Buy or better. Based on the 5 stock market experts following this company, the average 12-month price target is $48.68. Moreover, individual price targets range between $44.50-$52.00. With its recent move to $50.50, we can see that these firms project this stock will gain by 5.06% in one year.
Updates from Taiwan Semiconductor Manufacturing Company Limited (TSM) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.04% rise since the beginning of the calendar year.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Results in the Pipeline
The next scheduled release of financial results for Taiwan Semiconductor Manufacturing Company Limited will be for the Mar-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.38. In the same vein, they expect sales for the quarter to amount to $7,042.75 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $7,098.25 million in revenue alongside EPS at $0.38. On average, the analyst projection was calling for $9,399.47 million with $0.63 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $8,495.13 million, with earnings per share ending up at $0.56.
Fitbit, Inc. (NYSE:FIT) experienced a drop of -0.59% from the closing price in the previous trading day. That drove the price to $5.08 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 4,231,387 shares of stock – compared to the typical average of 5.49M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $6.75.
Pricing Indications for Fitbit, Inc. (FIT)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 5.60 from its observable 50-day simple moving average. Right at this moment, the per-share value is -9.63% lower than the mean per-share price over the last 200 days in the market.
Fitbit, Inc. (NYSE:FIT) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 1 have a sell rating, 2 have a Buy rating, 2 have an outperform rating, while 5 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 1 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.70, based on information from Thomson Reuters.
FIT Stock Value Potential
In trading activity as of late, this stock’s value was 5.62 up from its 200 day moving average, while also -9.52% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $4.00-$10.00. The market value for the entire organization reached 1.29B. In the last trading session, the price ended the day at $5.11. The institutional holdings related to this organization account for 0.20%, and the Beta factor is now 1.62. This company’s RSI (Relative Strength Index) managed to hit 40.15.
Fitbit, Inc. (NYSE:FIT) Analyst Points of Focus
Fitbit, Inc. (FIT) has found itself inside of DA Davidson’s research list, so their analyst rating adjustment is worth taking note of. This stock was upgraded to Buy, compared to its previous rating of Neutral by DA Davidson, as garnered from a news report on Thursday February 28th, 2019. An additional helpful research note was sent out by Wedbush ’s on Friday February 22nd, 2019. The brokerage decided to downgrade FIT to Neutral from its previous rating of Outperform.