Artio Global Investors Inc (NASDAQ: AVGO) has reported E.P.S. of $2.82 for its first fiscal quarter (ending January 31) versus $9.03 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $27.74 compared to $30.65 a year ago.
Recent Price Action
On 3/7/24, Artio Global Investors Inc (NASDAQ: AVGO) stock enjoyed a large increase of 4.2%, closing at $1407.01. Moreover, this advance was accompanied by exceptionally high trading volume at 216% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AVGO is expected to continue to be a major Value Builder.
Broadcom has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Broadcom has a neutral Appreciation Score of 48 but a very high Power Rating of 97, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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