Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for ASML Holding NV (NASDAQ: ASML) improved of late. ASML’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
ASML Holding NV (NASDAQ: ASML) stock declined by -3.3% on 4/19/24. The shares closed at $859.54. Moreover, unusually high trading volume at 197% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -13.4% during the last week.
Current PriceTarget Research Rating
ASML’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ASML Holding has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ASML Holding has a slightly negative Appreciation Score of 36 but a very high Power Rating of 94, with the Positive Value Trend Rating the result.
Be the first to comment