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Geospace Technologies Corp. (NASDAQ:GEOS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday, American Banking News reports. They currently have a $106.60 target price on the stock. Zacks‘ price objective would indicate a potential upside of 25.32% from the company’s current price.

Geospace Technologies Corp. (NASDAQ:GEOS) traded down 0.39% on Monday, hitting $85.06. 89,120 shares of the company’s stock traded hands. Geospace Technologies Corp. has a 1-year low of $65.31 and a 1-year high of $113.73. The stock has a 50-day moving average of $90.12 and a 200-day moving average of $83.69. The company has a market cap of $1.101 billion and a P/E ratio of 15.87.

Geospace Technologies Corp. (NASDAQ:GEOS) last posted its quarterly earnings results on Thursday, November 21st. The company reported $1.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.05. The company had revenue of $68.29 million for the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 84.8% on a year-over-year basis. On average, analysts predict that Geospace Technologies Corp. will post $6.23 earnings per share for the current fiscal year.

Separately, analysts at BWS Financial downgraded shares of Geospace Technologies Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Geospace Technologies Corp. has a consensus rating of “Hold” and a consensus target price of $120.92.

Geospace Technologies Corporation, formerly OYO Geospace Corporation, designs and manufactures instruments and equipment used in the acquisition and processing of seismic data, as well as in the characterization and monitoring of producing oil and gas reservoirs.

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