On Tap for This Week: Analog Devices, Inc. (ADI), Vulcan Materials Company (VMC)?

Analog Devices, Inc. (NASDAQ:ADI) average daily volatility for this week is 1.58% which is less than the 1.68% recorded over the past month. Its shares dropped by -1.12% or -$1.23 from its last recorded high of $109.48 which it attained on April 03 to close at $108.25 per share. Over the past 52 weeks, the shares of Analog Devices, Inc. has been trading as low as $76.62 before witnessing a massive surge by 41.28% or $31.63. This price movement has led to the ADI stock receiving more attention and has become one to watch out for. It jumped by 0.16% on Thursday and this got the market excited. The stock’s beta now stands at 1.24 and when compared to its 200-day moving average and its 50-day moving average, ADI price stands 15.08% above and 10.09% above respectively.

Analog Devices, Inc. (ADI) rose 2.43% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 14.36% and is now up by 26.12% since start of this year. A look at its monthly performance shows that the stock has recorded a 4.03% gain over the past 30 days. Its equity price climbed by 22.12% over the past three months which led to its overall six-month increase to stand at 16.09%.

Experts from research firms are bullish about the near-term performance of Analog Devices, Inc. with most of them predicting a $114.53 price target on a short-term (12 months) basis. The average price target by the analysts will see a 5.8% rise in the stock and would lead to ADI’s market cap to surge to $42.29B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 21 analysts that track Analog Devices, Inc. (NASDAQ:ADI) and find out that 8 of them rated it as a Hold. 12 of the 13 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at ADI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 65.69 point. Its trading volume has lost -966045 shares compared to readings over the past three months as it recently exchanged 1953955 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2920000 shares, and this is 0.67 times the normal volume.

The price of Vulcan Materials Company (NYSE:VMC) currently stands at $111.23 after it went up by $1.36 or 1.24% and has found a strong support at $109.75 a share. If the VMC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $108.28 mark would also be bad for the stock as it means that the stock would plunge by 2.65% from its current position. However, if the stock price is able to trade above the resistance point around $112.14, then it could likely surge higher to try and break the upward resistance which stands at $113.05 a share. Its average daily volatility over the past one month stands at 2.25%. The stock has plunged by 91.74% from its 52-weeks high of $9.1864 which it reached on Jun. 21, 2018. In general, it is 25.81% above its 52-weeks lowest point which stands at $82.52 and this setback was observed on Oct. 29, 2018.

Analysts have predicted a price target for Vulcan Materials Company (VMC) for 1 year and it stands at an average $127.87/share. This means that it would likely increase by 14.96% from its current position. The current price of the stock has been moving between $109.1864 and $111.57. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $105. On the other hand, one analyst is super bullish about the price, setting a target as high as $140.

The VMC stock Stochastic Oscillator (%D) is at 30.35%, which means that it is currently neutral. The shares P/S ratio stands at 3.36 which compares to the 3.65 recorded by the industry or the 12.8 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 19.39, which is lower than the 28.71 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 89.6% over the past five years.

Analysts view Vulcan Materials Company (NYSE:VMC) as a Buy, with 1.8 consensus rating. Reuters surveyed 18 analysts that follow VMC and found that 1 of those analysts rated the stock as a Hold. The remaining 17 were divided, with 15 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Vulcan Materials Company (VMC) shares or sell it if they already own it.