Strattec Security Corp Given New $42.00 Price Target at Robert W. Baird (STRT)
Robert W. Baird lifted their target price on shares of Strattec Security Corp (NASDAQ:STRT) from $40.00 to $42.00 in a research note issued on Friday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 0.99% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Sidoti initiated coverage on shares of Strattec Security Corp in a research note to investors on Thursday, October 3rd. They set a “buy” rating on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Strattec Security Corp from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd.
Strattec Security Corp (NASDAQ:STRT) traded down 3.62% during mid-day trading on Friday, hitting $41.59. The stock had a trading volume of 20,949 shares. Strattec Security Corp has a 52-week low of $20.78 and a 52-week high of $42.30. The stock has a 50-day moving average of $38.11 and a 200-day moving average of $36.0. The company has a market cap of $142.7 million and a price-to-earnings ratio of 15.86.
Strattec Security Corp (NASDAQ:STRT) last announced its earnings results on Thursday, October 24th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.02. During the same quarter in the prior year, the company posted $0.78 earnings per share.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, December 11th.
STRATTEC SECURITY CORPORATION designs, develops, manufactures and markets automotive security products including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings; and access control products including latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American automotive customers.
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.