Avago Technologies Limited (NASDAQ:AVGO) Is A Stock That Susquehanna Seems to be Very Interested In

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Why Has Susquehanna Given Avago Technologies Limited (NASDAQ:AVGO) a $160.00 Price Target

Susquehanna revealed to clients and investors in a recent research note that it launched coverage on Avago Technologies Limited (NASDAQ:AVGO) stock, with “Positive” rating and a $160.00 price target.

From a total of 22 analysts covering Avago Technologies Limited (NASDAQ:AVGO) stock, 23 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 96% of the ratings are positive. The highest target price is $185 while the lowest target price is $130. The mean of all analyst targets is $162 with a 16.01% above today’s ($132.52) stock price. Avago Technologies Limited was the topic of 21 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on November 24 with “Buy” rating. BMO Capital Markets maintained shares with “Outperform” rating and $185 target share price in a report from an August 28. Zacks upgraded AVGO stock in a recent report from September 21 to “Buy” rating. Brean Capital maintained the rating on August 27. Brean Capital has a “Buy” rating and a $170 price target on shares. Finally, Sterne Agee CRT initiated the stock with “Buy” rating in a report issued on a September 9.

Approximately 1.34M shares of stock traded hands. Avago Technologies Ltd (NASDAQ:AVGO) has risen 11.07% since April 28, 2015 and is uptrending. It has outperformed by 12.69% the S&P500.

Avago Technologies Limited (NASDAQ:AVGO) Is A Stock That Susquehanna Seems to be Very Interested In

Analysts await Avago Technologies Ltd (NASDAQ:AVGO) to reports earnings on December, 2. They expect $2.19 EPS, up 20.33% or $0.37 from last year’s $1.82 per share. AVGO’s profit will be $601.11 million for 15.12 P/E if the $2.19 EPS becomes reality. After $2.05 actual EPS reported by Avago Technologies Ltd for the previous quarter, Wall Street now forecasts 6.83% EPS growth.

Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices. The company has a market cap of $36.38 billion. The Firm focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. It has 35.23 P/E ratio. The Firm operates through four divisions: wireless communications, enterprise storage, wired infrastructure and industrial & other.

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