MKS Instruments Inc. Reaches New 12-Month High at $29.46 (MKSI)
Shares of MKS Instruments (NASDAQ:MKSI) hit a new 52-week high on Friday, American Banking & Market News reports. The company traded as high as $29.46 and last traded at $29.33, with a volume of 316,829 shares trading hands. The stock had previously closed at $28.79.
A number of research firms have recently commented on MKSI. Analysts at TheStreet downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 13th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of MKS Instruments in a research note to investors on Tuesday, August 6th. They now have a $29.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of MKS Instruments from $35.00 to $33.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.33.
MKS Instruments has a 52-week low of $22.45 and a 52-week high of $29.45. The stock has a 50-day moving average of $26.7 and a 200-day moving average of $26.96. The company has a market cap of $1.562 billion and a P/E ratio of 77.81.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $157.00 million for the quarter, compared to the consensus estimate of $155.51 million. During the same quarter last year, the company posted $0.35 earnings per share. MKS Instruments’s revenue was down 11.3% compared to the same quarter last year. On average, analysts predict that MKS Instruments will post $0.75 earnings per share for the current fiscal year.
MKS Instruments, Inc (NASDAQ:MKSI) is a provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze parameters of manufacturing processes.
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