TASER International Rating Lowered to Neutral at Sidoti (TASR)
TASER International (NASDAQ:TASR) was downgraded by research analysts at Sidoti from a “buy” rating to a “neutral” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
TASER International (NASDAQ:TASR) traded down 2.46% on Thursday, hitting $16.24. 555,430 shares of the company’s stock traded hands. TASER International has a 1-year low of $5.75 and a 1-year high of $17.16. The stock has a 50-day moving average of $12.68 and a 200-day moving average of $9.72. The company has a market cap of $829.3 million and a price-to-earnings ratio of 57.02.
TASER International (NASDAQ:TASR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $32.20 million for the quarter, compared to the consensus estimate of $31.31 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, analysts predict that TASER International will post $0.31 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TASR. Analysts at JPMorgan Chase & Co. downgraded shares of TASER International (NASDAQ:TASR) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $12.00 price target on the stock. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. TASER International has a consensus rating of “Hold” and an average price target of $11.75.
TASER International, Inc (NASDAQ:TASR) is engaged in development, manufacture and sale of electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.
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