National Instruments Corp. Upgraded to Neutral at Zacks (NATI)
National Instruments Corp. (NASDAQ:NATI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a $32.80 price objective on the stock. Zacks‘ price objective suggests a potential upside of 2.44% from the stock’s previous close.
A number of other firms have also recently commented on NATI. Analysts at Stifel Nicolaus raised their price target on shares of National Instruments Corp. from $32.00 to $38.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of National Instruments Corp. from $27.00 to $29.00 in a research note to investors on Friday, November 1st. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.27.
In other National Instruments Corp. news, Director Jeffrey Kodosky unloaded 4,000 shares of National Instruments Corp. stock on the open market in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $31.13, for a total value of $124,520.00. Following the completion of the transaction, the director now directly owns 440,826 shares in the company, valued at approximately $13,722,913. The transaction was disclosed in a document filed with the SEC, which is available at this link.
National Instruments Corp. (NASDAQ:NATI) traded up 1.75% during mid-day trading on Wednesday, hitting $32.02. 271,823 shares of the company’s stock traded hands. National Instruments Corp. has a 52-week low of $22.89 and a 52-week high of $32.83. The stock has a 50-day moving average of $30.97 and a 200-day moving average of $29.76. The company has a market cap of $4.008 billion and a P/E ratio of 57.22.
National Instruments Corp. (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.08. The company had revenue of $289.10 million for the quarter, compared to the consensus estimate of $285.43 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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.