Is ASML Holding NV (ADR) (ASML) a Buy? The Stock Reaches All Time High Today

October 13, 2017 - By Richard Conner

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.

Investors wait ASML Holding NV (ADR) (NASDAQ:ASML) to report on October, 18 before the open. its quarterly earnings Wall Street analysts expect $1.25 earnings per share, up $0.21 or 20.19 % from last year’s $1.04 same quarter earnings. This translates into $534.46M profit for ASML giving the stock a 35.26 P/E. This is assuming the current $1.25 EPS is accurate. ASML Holding NV (ADR)’s Wall Street analysts see 15.74 % EPS growth, taking into account the $1.08 EPS reproted in the previous quarter,

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 firm has “Hold” rating by RBC Capital Markets given on Thursday, August 31. The company was upgraded on Friday, August 28 by Berenberg. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, March 17. The rating was downgraded by UBS on Thursday, July 21 to “Neutral”. Summit Research maintained ASML Holding NV (ADR) (NASDAQ:ASML) on Tuesday, April 19 with “Hold” rating. The firm has “Buy” rating by Citigroup given on Wednesday, June 14. The firm has “Neutral” rating given on Thursday, January 19 by Citigroup. Bryan Garnier & Cie upgraded ASML Holding NV (ADR) (NASDAQ:ASML) on Thursday, January 21 to “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Tuesday, December 15. The rating was initiated by ABN Amro on Monday, January 30 with “Buy”.

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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