Alps Electric Co Ltd (NASDAQ:APELY) Receives Consensus Rating of “Strong Buy” from Brokerages
Alps Electric Co Ltd (NASDAQ:APELY) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $53.33 for the company, according to Zacks. Zacks has also given Alps Electric Co an industry rank of 68 out of 265 based on the ratings given to its competitors.
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 on the stock in a research note on Tuesday, September 13th.
Alps Electric Co (NASDAQ:APELY) remained flat at $43.15 during mid-day trading on Monday. Alps Electric Co has a 1-year low of $30.72 and a 1-year high of $64.77. The firm has a 50-day moving average price of $44.57 and a 200 day moving average price of $38.94. The company has a market cap of $4.23 billion and a price-to-earnings ratio of 13.24.
About Alps Electric Co
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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