Fuel Systems Solutions Stock Rating Lowered by Zacks (FSYS)
Fuel Systems Solutions (NASDAQ:FSYS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, American Banking & Market News reports. They currently have a $22.10 target price on the stock. Zacks‘ price objective would indicate a potential upside of 22.64% from the stock’s previous close.
Fuel Systems Solutions (NASDAQ:FSYS) traded up 1.33% during mid-day trading on Wednesday, hitting $18.26. 50,000 shares of the company’s stock traded hands. Fuel Systems Solutions has a 52 week low of $13.34 and a 52 week high of $21.44. The stock’s 50-day moving average is $19.55 and its 200-day moving average is $17.5. The company’s market cap is $366.6 million.
Fuel Systems Solutions (NASDAQ:FSYS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.04. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $107.48 million. During the same quarter last year, the company posted $0.11 earnings per share. Fuel Systems Solutions’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Fuel Systems Solutions will post $0.30 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Fuel Systems Solutions from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 19th. Analysts at Canaccord Genuity raised their price target on shares of Fuel Systems Solutions from $16.00 to $20.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.82.
Fuel Systems Solutions, Inc (NASDAQ:FSYS) designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets.
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