FEI Stock Rating Reaffirmed by Needham & Company (FEIC)
FEI (NASDAQ:FEIC)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company in a report issued on Monday, AnalystRatings.Net reports. They currently have a $80.00 price objective on the stock. Needham & Company’s target price would suggest a potential downside of 7.32% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of FEI (NASDAQ:FEIC) from $83.00 to $93.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of FEI (NASDAQ:FEIC) in a research note to investors on Friday, September 13th. They now have a $100.00 price target on the stock, up previously from $84.00.
Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $74.50.
FEI (NASDAQ:FEIC) traded down 0.10% during mid-day trading on Monday, hitting $86.23. 29,048 shares of the company’s stock traded hands. FEI has a one year low of $49.40 and a one year high of $88.08. The stock’s 50-day moving average is $80.21 and its 200-day moving average is $72.22. The company has a market cap of $3.600 billion and a P/E ratio of 30.91.
FEI (NASDAQ:FEIC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.05. The company had revenue of $222.48 million for the quarter, compared to the consensus estimate of $227.40 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that FEI will post $2.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 22nd. Investors of record on Wednesday, October 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Monday, October 7th.
FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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