Broadcom (NASDAQ:AVGO) will be posting its quarterly earnings results after the market closes on Thursday, March 15th. Analysts expect Broadcom to post earnings of $5.03 per share for the quarter.
Broadcom (NASDAQ:AVGO) opened at $261.22 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.26 and a quick ratio of 5.68. The stock has a market capitalization of $111,130.00, a PE ratio of 66.47, a PEG ratio of 1.06 and a beta of 0.88. Broadcom has a 52-week low of $208.44 and a 52-week high of $285.68.
Several equities analysts have recently issued reports on the company. BMO Capital Markets assumed coverage on Broadcom in a research report on Monday, November 20th. They issued an “outperform” rating and a $330.00 price target for the company. Canaccord Genuity lifted their price target on Broadcom from $100.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Nomura reiterated a “buy” rating on shares of Broadcom in a report on Tuesday, November 14th. Drexel Hamilton reiterated a “buy” rating and issued a $302.00 price objective on shares of Broadcom in a report on Thursday, December 7th. Finally, Zacks Investment Research downgraded Broadcom from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $306.75.
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Broadcom Company Profile
Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
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