MKS Instruments Inc. Hits New 52-Week High at $32.50 (MKSI)
MKS Instruments (NASDAQ:MKSI)’s share price reached a new 52-week high during trading hours on Thursday, American Banking News.com reports. The company traded as high as $32.50 and last traded at $30.53, with a volume of 488,890 shares traded. The stock had previously closed at $29.11.
A number of research firms have recently commented on MKSI. Analysts at Thomson Reuters/Verus upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 20th. Separately, analysts at Zacks downgraded shares of MKS Instruments from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. They now have a $32.00 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of MKS Instruments in a research note to investors on Tuesday, November 26th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MKS Instruments has a consensus rating of “Buy” and an average target price of $31.25.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, January 29th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.06. The company had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.74 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 52.5% on a year-over-year basis.
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.
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.