Accuray Price Target Increased to $11.00 by Analysts at Jefferies Group (ARAY)
Investment analysts at Jefferies Group boosted their target price on shares of Accuray (NASDAQ:ARAY) from $8.00 to $11.00 in a note issued to investors on Friday, Stock Ratings News reports. Jefferies Group’s price objective indicates a potential upside of 3.29% from the stock’s previous close.
Shares of Accuray (NASDAQ:ARAY) traded up 15.26% during mid-day trading on Friday, hitting $10.65. 10,562,728 shares of the company’s stock traded hands. Accuray has a 1-year low of $3.76 and a 1-year high of $10.71. The stock’s 50-day moving average is $8.80 and its 200-day moving average is $7.42. The company’s market cap is $797.4 million.
Accuray (NASDAQ:ARAY) last announced its earnings results on Thursday, January 30th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.20) by $0.13. The company had revenue of $93.60 million for the quarter, compared to the consensus estimate of $80.20 million. Analysts expect that Accuray will post $-0.71 EPS for the current fiscal year.
A number of other firms have also recently commented on ARAY. Analysts at Brean Capital raised their price target on shares of Accuray from $9.00 to $12.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Sidoti initiated coverage on shares of Accuray in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Accuray in a research note to investors on Monday, December 2nd. They now have a $8.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $10.50.
Accuray, Inc manufactures image-guided radiosurgery devices. The Company is based in the United States and its core product, the CyberKnife Stereotactic Radiosurgery System, combines image-guidance with robotics to offer unparalleled flexibility and accuracy.
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