Zacks: Brokerages Set $15.20 Price Target for Aquantia Corp (AQ)

Aquantia Corp (NYSE:AQ) has been given a consensus broker rating score of 1.50 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.

Brokerages have set a 1-year consensus price target of $15.20 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned Aquantia an industry rank of 193 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently commented on AQ shares. Needham & Company LLC started coverage on Aquantia in a research note on Tuesday, November 28th. They set a “buy” rating and a $15.00 price target on the stock. Deutsche Bank started coverage on Aquantia in a research note on Tuesday, November 28th. They set a “buy” rating and a $15.00 price target on the stock. Raymond James Financial started coverage on Aquantia in a research note on Tuesday, November 28th. They set an “outperform” rating and a $15.00 price target on the stock. Morgan Stanley started coverage on Aquantia in a research note on Tuesday, November 28th. They set an “overweight” rating and a $15.00 price target on the stock. Finally, Barclays started coverage on Aquantia in a research note on Tuesday, November 28th. They set an “overweight” rating and a $14.00 price target on the stock.

Aquantia (AQ) traded up $0.55 during midday trading on Monday, reaching $14.67. The company’s stock had a trading volume of 213,600 shares, compared to its average volume of 420,809. The company has a debt-to-equity ratio of -0.02, a current ratio of 1.54 and a quick ratio of 1.03. Aquantia has a 52 week low of $9.01 and a 52 week high of $17.04. The firm has a market cap of $491.28 and a PE ratio of -81.50.

Aquantia (NYSE:AQ) last released its earnings results on Monday, November 27th. The company reported ($0.28) earnings per share (EPS) for the quarter.

COPYRIGHT VIOLATION WARNING: This article was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2018/02/19/zacks-brokerages-set-15-20-price-target-for-aquantia-corp-aq.html.

About Aquantia

Aquantia Corp is engaged in developing and supplying connectivity solutions for data centers, enterprise and wireless local area network (WLAN) applications. The Company offers 10 gigabyte Ethernet and Multi-Gig Ethernet Silicon product for data center and cloud, and the enterprise and WLAN markets. For data center and cloud market, it offers 10GBASE-T PHYs product line, which includes 28 nanometer technology products, such as AQ2402, AQ2403, AQ2203 and AQ2104; 40 nanometer technology products, such as AQ1402, AQ1202 and AQ1103, and 90 nanometer technology product, AQ1002.

Get a free copy of the Zacks research report on Aquantia (AQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Aquantia (NYSE:AQ)

Receive News & Ratings for Aquantia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aquantia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply