Trading Report: The Alps Electric Co Ltd (NASDAQ:APELY) Given Consensus Rating of “Strong Buy” by Brokerages

The Alps Electric Co Ltd (NASDAQ:APELY) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of Alps Electric Co Ltd (NASDAQ:APELY) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $53.33 for the company, according to Zacks. Zacks has also given Alps Electric Co an industry rank of 89 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Alps Electric Co from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Tuesday, September 13th.

Alps Electric Co (NASDAQ:APELY) remained flat at $49.93 during midday trading on Friday. The company has a market cap of $4.89 billion and a price-to-earnings ratio of 15.03. The company has a 50-day moving average price of $45.36 and a 200-day moving average price of $39.96. Alps Electric Co has a 52-week low of $30.72 and a 52-week high of $64.77.

Alps Electric Co Company Profile

Alps Electric Co, Ltd. develops, manufactures and markets approximately 40,000 types of electronic components. The Company’s segments include Electronic components, Automotive Infotainment and Logistics. The Electronic components business involves the development, manufacturing and marketing of a range of electronic components.

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