Telefonaktiebolaget L M Ericsson ADR [NASDAQ: ERIC] stock went on an upward path that rose over 0.47% on Monday, amounting to a one-week price increase of more than 3.16%.
Over the last 12 months, ERIC stock rose by 5.21%. The one-year Telefonaktiebolaget L M Ericsson ADR stock forecast points to a potential downside of -290023101.86. The average equity rating for ERIC stock is currently 2.96, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $26.04 billion, with 3.07 billion shares outstanding and 3.07 billion shares in the current float. Compared to the average trading volume of 25.00M shares, ERIC stock reached a trading volume of 15304093 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Telefonaktiebolaget L M Ericsson ADR [ERIC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ERIC shares is $8.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ERIC stock is a recommendation set at 2.96. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Telefonaktiebolaget L M Ericsson ADR shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 31, 2024. The new note on the price target was released on January 19, 2024, representing the official price target for Telefonaktiebolaget L M Ericsson ADR stock. On November 30, 2023, analysts decreased their price target for ERIC shares from 7.80 to 5.90.
The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 1.61. Price to Free Cash Flow for ERIC in the course of the last twelve months was 6.38 with Quick ratio for the last quarter at 0.88.
ERIC Stock Performance Analysis:
Telefonaktiebolaget L M Ericsson ADR [ERIC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.16. With this latest performance, ERIC shares dropped by -0.47% in over the last four-week period, additionally plugging by 3.79% over the last 6 months – not to mention a rise of 5.21% in the past year of trading.
Insight into Telefonaktiebolaget L M Ericsson ADR Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Telefonaktiebolaget L M Ericsson ADR [ERIC] shares currently have an operating margin of 10.68% and a Gross Margin at 46.21%. Telefonaktiebolaget L M Ericsson ADR’s Net Margin is presently recorded at 0.67%.
Return on Equity for this stock inclined to 0.56%, with Return on Assets sitting at 0.56%.
Telefonaktiebolaget L M Ericsson ADR [ERIC] Institutonal Ownership Details
There are presently around $13.22%, or 13.22% of ERIC stock, in the hands of institutional investors. The top three institutional holders of ERIC stocks are: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with ownership of 152.31 million shares, which is approximately 4.571%. PRIMECAP MANAGEMENT CO/CA/, holding 48.27 million shares of the stock with an approximate value of $$297.84 million in ERIC stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $$89.2 million in ERIC stock with ownership which is approximately 0.4339%.
