FEI Coverage Initiated at William Blair (FEIC)
Investment analysts at William Blair started coverage on shares of FEI (NASDAQ:FEIC) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of FEI in a research note to investors on Wednesday, November 20th. They set a “neutral” rating and a $87.00 price target on the stock. Analysts at Needham & Company raised their price target on shares of FEI from $80.00 to $95.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Four 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 $87.60.
Shares of FEI (NASDAQ:FEIC) traded down 0.19% on Thursday, hitting $90.64. 208,582 shares of the company’s stock traded hands. FEI has a 52 week low of $56.87 and a 52 week high of $93.13. The stock has a 50-day moving average of $89.34 and a 200-day moving average of $83.88. The company has a market cap of $3.785 billion and a price-to-earnings ratio of 32.93.
FEI (NASDAQ:FEIC) last announced its earnings results on Tuesday, October 29th. The company reported $0.67 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.67. The company had revenue of $218.50 million for the quarter, compared to the consensus estimate of $221.16 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that FEI will post $2.96 earnings per share for the current fiscal year.
FEI Company is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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