Shares of AU Optronics Corp. (NYSE:AUO) have received an average rating of “Buy” from the eight brokerages that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.13.

AUO has been the subject of several analyst reports. Bank of America Corp. upgraded AU Optronics Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. Credit Suisse Group AG raised AU Optronics Corp. from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. Zacks Investment Research raised AU Optronics Corp. from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Wednesday, July 20th. Jefferies Group downgraded AU Optronics Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Sanford C. Bernstein downgraded AU Optronics Corp. from an “outperform” rating to a “market perform” rating and upped their target price for the company from $3.81 to $4.00 in a research report on Friday, September 9th. They noted that the move was a valuation call.

AU Optronics Corp. (NYSE:AUO) traded down 1.414% during trading on Thursday, reaching $3.835. The company had a trading volume of 211,919 shares. AU Optronics Corp. has a 52 week low of $2.32 and a 52 week high of $4.42. The stock has a 50 day moving average price of $3.79 and a 200 day moving average price of $3.32. The firm’s market capitalization is $3.69 billion.

AU Optronics Corp. (NYSE:AUO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. AU Optronics Corp. had a negative return on equity of 5.49% and a negative net margin of 3.35%. The firm earned $80.09 billion during the quarter, compared to analyst estimates of $77.62 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts predict that AU Optronics Corp. will post $0.11 earnings per share for the current year.

A number of large investors have recently made changes to their positions in AUO. Royal Bank of Canada increased its stake in shares of 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. Schwab Charles Investment Management Inc. increased its stake in shares of AU Optronics Corp. by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 523,276 shares of the company’s stock valued at $1,827,000 after buying an additional 35,844 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of AU Optronics Corp. during the second quarter valued at $263,000. Highbridge Capital Management LLC bought a new stake in shares of AU Optronics Corp. during the second quarter valued at $175,000. Finally, EverPoint Asset Management LLC bought a new stake in shares of AU Optronics Corp. during the second quarter valued at $611,000. 6.58% of the stock is currently owned by institutional investors.

AU Optronics Corp. Company Profile

AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.

5 Day Chart for NYSE:AUO

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