Analysts Shared Their Read on 2 Stocks: Taiwan Semiconductor Manufacturing Company Limited (TSM), ProPetro Holding Corp. (PUMP)

The opening price for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was $39.85 and the volume amounted to 9.83 million shares which compares with the average volume of 7.46 million shares. The company stock experienced a 0.05% move to arrive at $39.56.

Taiwan Semiconductor Manufacturing Company Limited (TSM) Analyst Opinion

Taiwan Semiconductor Manufacturing Company Limited has a consensus outperform rating from 6 Wall Street analysts, and the number of shares currently sold short amount to at least 0.47% of shares outstanding. The stock spiked 2.89% last month and is down -0.23 this year. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover TSM having a buy-equivalent rating. Analysts have placed a $44.65 price target on Taiwan Semiconductor Manufacturing Company Limited, suggesting a 12.87% gain from recent close. It’s currently trading about -15.05% below its 52-week high.

Taiwan Semiconductor Manufacturing Company Limited Earnings Surprise

Taiwan Semiconductor Manufacturing Company Limited (TSM) failed to surprise the stock market in its last reported earnings when it earned $0.59 a piece versus the consensus-estimated $0.6. Its revenue totaled $8.53 billion down -7.43% from the previous quarter.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Intraday View

This stock (TSM) is ahead of its 52-week low with 15.3%. Its last month’s stock price volatility remained 1.09% which for the week stands at 1.21%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.68% and stays -2.08% away from its 50 days moving average. Over the last five days, shares have managed 3.18% gains and now is down -3.21% since hitting its 200-day moving average of $41.63. Taiwan Semiconductor Manufacturing Company Limited (TSM) has made its way to a 12-month gain of 8.59%.

Turning to ProPetro Holding Corp. (NYSE:PUMP), its shares were trading at $14.92 a gain of $0.05, on the trading floor. The stock, after opening at $14.84, touched a high of $15.04 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.9. ProPetro Holding Corp. has 4 buy ratings, 2 holds and 0 sells even after the stock tumbled -34.79% from its high of $22.88 to a $1.35 billion market value through last close.

ProPetro Holding Corp. (PUMP) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.88 to 1.88 during a month. Analysts set a 12-month price target of $22.7 a share. The target implies a 52.14% spike from where the shares are currently trading. Also, the current price highlights a discount of 87.67% to analysts’ high consensus price target.

ProPetro Holding Corp. (NYSE:PUMP) Intraday Trading

The counter witnessed a trading volume of 2.67 million shares versus an average volume of 2.08 million shares during last trading session. Its last month’s stock price volatility remained 6.64% which for the week approaches 5.05%. The lowest price the stock reached in the last trading day was $14.57 and compares with the $10.84 52-week low. The stock recovered 37.64% since its low point and has performed -25.99% year-to-date.