IEC Electronics Upgraded to “Neutral” at Zacks (IEC)
IEC Electronics (NYSE:IEC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, American Banking News reports. The firm currently has a $3.70 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 3.06% from the stock’s previous close.
IEC Electronics (NYSE:IEC) remained flat at $3.59 during trading on Tuesday. The stock had a trading volume of 11,829 shares. IEC Electronics has a 52-week low of $2.92 and a 52-week high of $7.35. The stock has a 50-day moving average of $3.60 and a 200-day moving average of $4.42. The company has a market cap of $35.9 million and a P/E ratio of 47.87.
IEC Electronics (NYSE:IEC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $35.15 million for the quarter, compared to the consensus estimate of $34.00 million. Analysts expect that IEC Electronics will post $-0.01 EPS for the current fiscal year.
A number of other firms have also recently commented on IEC. Analysts at Thomson Reuters/Verus upgraded shares of IEC Electronics (NYSE:IEC) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 19th. Analysts at Noble Financial downgraded shares of IEC Electronics (NYSE:IEC) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, July 11th.
Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.35.
IEC Electronics Corp. (NYSE:IEC) is a provider of electronic contract manufacturing services (EMS) to advanced technology companies.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.