Aeroflex Holding Corp. Upgraded to Outperform at Zacks (ARX)
Aeroflex Holding Corp. (NYSE:ARX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $8.80 price target on the stock. Zacks‘ price target suggests a potential upside of 17.33% from the company’s current price.
Shares of Aeroflex Holding Corp. (NYSE:ARX) traded up 0.67% on Tuesday, hitting $7.50. 26,274 shares of the company’s stock traded hands. Aeroflex Holding Corp. has a one year low of $5.00 and a one year high of $9.25. The stock has a 50-day moving average of $7.19 and a 200-day moving average of $7.56. The company’s market cap is $637.1 million.
Aeroflex Holding Corp. (NYSE:ARX) last announced its earnings results on Thursday, August 15th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.04. The company had revenue of $188.40 million for the quarter, compared to the consensus estimate of $180.40 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Aeroflex Holding Corp. will post $0.68 EPS for the current fiscal year.
A number of other firms have also recently commented on ARX. Analysts at TheStreet downgraded shares of Aeroflex Holding Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 21st. Analysts at JPMorgan Chase & Co. raised their price target on shares of Aeroflex Holding Corp. from $8.00 to $9.50 in a research note to investors on Friday, August 16th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Aeroflex Holding Corp. presently has a consensus rating of “Hold” and a consensus price target of $13.08.
Aeroflex Holding Corp. (NYSE:ARX) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems.
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.