Tokyo Electron (NASDAQ:TOELY) Receives Average Recommendation of “Hold” from Brokerages

Tokyo Electron (NASDAQ:TOELY) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned Tokyo Electron an industry rank of 14 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Tokyo Electron from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, April 5th.

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Shares of Tokyo Electron (TOELY) traded down 2.57% on Thursday, hitting $34.49. The company’s stock had a trading volume of 18,685 shares. The stock’s 50 day moving average price is $35.60 and its 200 day moving average price is $30.37. Tokyo Electron has a 52 week low of $20.10 and a 52 week high of $38.40. The stock has a market capitalization of $22.64 billion and a P/E ratio of 17.67.

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