In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on Applied Materials Inc (AMAT), with a price target of $43. The company’s shares closed last Monday at $45.32.
According to TipRanks.com, Moore is a 4-star analyst with an average return of 8.1% and a 51.5% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Western Digital, and Xilinx Inc.
Applied Materials Inc has an analyst consensus of Moderate Buy, with a price target consensus of $51.07, an 11.1% upside from current levels. In a report released today, Craig-Hallum also downgraded the stock to Hold.
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Applied Materials Inc’s market cap is currently $44.15B and has a P/E ratio of 13.25. The company has a Price to Book ratio of 5.38.
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Applied Materials, Inc. engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.
