ASML Holding NV (ADR) (ASML) Can’t Be More Hot. Just Reaches All Time High

October 13, 2017 - By Marguerite Chambers

The stock of ASML Holding NV (ADR) (NASDAQ:ASML) reached all time high today, Oct, 13 and still has $188.64 target or 7.00 % above today’s $176.30 share price. This indicates more upside for the $75.38 billion company. This technical setup was reported by Barchart.com. If the $188.64 PT is reached, the company will be worth $5.28B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.55% or $2.69 during the last trading session, reaching $176.3. About 807,561 shares traded. ASML Holding NV (ADR) (NASDAQ:ASML) has risen 44.52% since October 13, 2016 and is uptrending. It has outperformed by 27.82% the S&P500.

Wall Street await ASML Holding NV (ADR) (NASDAQ:ASML) to release earnings on October, 18 before the open. Analysts forecast earnings per share of $1.25, up exactly $0.21 or 20.19 % from 2014’s $1.04 EPS. The expected ASML’s profit could reach $534.46 million giving the stock 35.26 P/E in the case that $1.25 earnings per share is reported. After posting $1.08 EPS for the previous quarter, ASML Holding NV (ADR)’s analysts now forecast 15.74 % EPS growth.

ASML Holding NV (ADR) (NASDAQ:ASML) Ratings Coverage

Among 16 analysts covering ASML Holding NV (NASDAQ:ASML), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. ASML Holding NV had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of ASML Holding NV (ADR) (NASDAQ:ASML) earned “Neutral” rating by Susquehanna on Tuesday, April 19. BNP Paribas upgraded the stock to “Neutral” rating in Wednesday, February 8 report. The firm has “Buy” rating by Berenberg given on Friday, August 28. The firm has “Hold” rating given on Monday, June 5 by RBC Capital Markets. Credit Suisse reinitiated the stock with “Neutral” rating in Tuesday, January 17 report. The stock of ASML Holding NV (ADR) (NASDAQ:ASML) has “Neutral” rating given on Wednesday, August 17 by Bank of America. The company was maintained on Monday, October 2 by RBC Capital Markets. The stock of ASML Holding NV (ADR) (NASDAQ:ASML) has “Hold” rating given on Tuesday, April 19 by Summit Research. The stock of ASML Holding NV (ADR) (NASDAQ:ASML) earned “Buy” rating by Bryan Garnier & Cie on Thursday, January 21. Bank of America maintained the stock with “Buy” rating in Thursday, July 20 report.

ASML Holding N.V. is a holding company. The company has market cap of $75.38 billion. The Firm is a maker of chip-making equipment. It has a 34.87 P/E ratio. The Firm is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems.

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