The Analysts Set AU Optronics Corp. (NYSE:AUO) Target Price at $4.13

The Analysts Set AU Optronics Corp. (NYSE:AUO) Target Price at $4.13

AU Optronics Corp. (NYSE:AUO) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.13.

AUO has been the topic of a number of analyst reports. Sanford C. Bernstein cut AU Optronics Corp. from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $3.81 to $4.00 in a research note on Friday, September 9th. They noted that the move was a valuation call. Bank of America Corp. raised AU Optronics Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 19th. Credit Suisse Group AG raised AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Drexel Hamilton reaffirmed a “hold” rating on shares of AU Optronics Corp. in a research note on Thursday. Finally, Zacks Investment Research raised AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, July 20th.

Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in AU Optronics Corp. during the second quarter valued at $104,000. Wetherby Asset Management Inc. raised its stake in AU Optronics Corp. by 36.2% in the second quarter. Wetherby Asset Management Inc. now owns 38,691 shares of the company’s stock valued at $135,000 after buying an additional 10,275 shares in the last quarter. Royal Bank of Canada raised its stake in AU Optronics Corp. by 0.3% in the second quarter. Royal Bank of Canada now owns 39,284 shares of the company’s stock valued at $137,000 after buying an additional 132 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in AU Optronics Corp. during the second quarter valued at $175,000. Finally, World Asset Management Inc raised its stake in AU Optronics Corp. by 7.5% in the second quarter. World Asset Management Inc now owns 59,928 shares of the company’s stock valued at $209,000 after buying an additional 4,173 shares in the last quarter. 6.58% of the stock is currently owned by hedge funds and other institutional investors.

AU Optronics Corp. (NYSE:AUO) opened at 3.79 on Thursday. The company’s market capitalization is $3.65 billion. AU Optronics Corp. has a one year low of $2.32 and a one year high of $4.42. The company has a 50 day moving average price of $3.78 and a 200-day moving average price of $3.33.

AU Optronics Corp. (NYSE:AUO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.14. The business had revenue of $80.09 billion for the quarter, compared to analysts’ expectations of $77.62 billion. AU Optronics Corp. had a negative return on equity of 5.49% and a negative net margin of 3.35%. The business’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. Analysts expect that AU Optronics Corp. will post $0.11 EPS for the current fiscal year.

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