Analysts Turn Mixed On Broadcom Inc. (AVGO), Turquoise Hill Resources Ltd. (TRQ)

    The shares of Broadcom Inc. (NASDAQ:AVGO) has been pegged with a rating of Neutral by Daiwa Securities in its latest research note that was published on August 15th, 2019. Daiwa Securities wasn’t the only research firm that published a report of Broadcom Inc., with other equities research analysts also giving their opinion on the stock. RBC Capital Mkts advised investors in its research note published on July 23rd, 2019, to Outperform the AVGO stock while also putting a $320 price target. The stock had earned Buy rating from Craig Hallum when it published its report on June 14th, 2019. That day the Craig Hallum set price target on the stock to $315. The stock was given Market Perform rating by Cowen in its report released on June 14th, 2019, the day when the price target on the stock was placed at $265. Charter Equity was of a view that AVGO is Mkt Perform in its latest report on June 14th, 2019. BMO Capital Markets thinks that AVGO is worth Market Perform rating. This was contained in the firm’s report on March 15th, 2019 in which the stock’s price target was also moved to $270.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 11 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $306.67. The price of the stock the last time has raised by 40.52% 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 56.05.

    The shares of the company added by 0.04% during the trading session on Thursday, reaching a low of $284.55 while ending the day at $287.62. During the trading session, a total of 1.23 million shares were traded which represents a 57.11% incline from the average session volume which is 2.86M shares. AVGO had ended its last session trading at 287.50. Broadcom Inc. currently has a market cap of $112.34B, while its P/E ratio stands at 35.12, while its P/E earnings growth sits at 5.15, with a beta of 0.90. Broadcom Inc. debt-to-equity ratio currently stands at 1.69, while its quick ratio hovers at 1.10. AVGO 52-week low price stands at $204.68 while its 52-week high price is $323.20.

    The company in its last quarterly report recorded $5.21 earnings per share which is above the $5.16 predicted by most analysts. The Broadcom Inc. generated $5,517.00 million in revenue during the last quarter, which is slightly lower than the $5,677.81 million predicted by analysts. In the second quarter last year, the firm recorded $5.55 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.53%. Broadcom Inc. has the potential to record 8.19 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at CIBC published a research note on September 15th, 2017 where it informed investors and clients that Turquoise Hill Resources Ltd. (NYSE:TRQ) is now rated as Sector Outperform. RBC Capital Mkts also rated TRQ as Resumed on July 23rd, 2019, with its price target of $87 suggesting that TRQ could surge by 87.5% from its current share price. Even though the stock has been trading at $0.48/share, analysts expect it to surge higher by 3.96% to reach $4.00/share. It started the day trading at $0.5461 and traded between $0.4882 and $0.50 throughout the trading session.

    A look at its technical shows that TRQ’s 50-day SMA is 0.82 while its 200-day SMA stands at 1.42. At the moment, only of Turquoise Hill Resources Ltd. shares were sold short. The company’s average trading volume currently stands at 7.18M shares, which means that the short-interest ratio is just 0.86 days. Over the past seven days, the company moved, with its shift of 6.89%. Looking further, the stock has dropped -57.90% over the past 90 days while it lost -76.37% over the last six months.