Canaccord Genuity Increases MKS Instruments Price Target to $34.00 (MKSI)
Stock analysts at Canaccord Genuity upped their target price on shares of MKS Instruments (NASDAQ:MKSI) from $33.00 to $34.00 in a report issued on Friday, AR Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 10.89% from the stock’s previous close.
In other MKS Instruments news, CEO Leo Berlinghieri sold 31,800 shares of MKS Instruments stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $29.02, for a total value of $922,836.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. 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. 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $30.50.
MKS Instruments (NASDAQ:MKSI) opened at 30.66 on Friday. MKS Instruments has a one year low of $22.45 and a one year high of $29.45. The stock has a 50-day moving average of $26.19 and a 200-day moving average of $26.94. The company has a market cap of $1.630 billion and a price-to-earnings ratio of 81.38.
MKS Instruments (NASDAQ:MKSI) last released its earnings data on Wednesday, October 23rd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.04. The company had revenue of $166.45 million for the quarter, compared to the consensus estimate of $164.60 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts expect that MKS Instruments will post $0.82 EPS 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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