Intevac Stock Rating Lowered by Zacks (IVAC)
Intevac (NASDAQ:IVAC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a $7.00 target price on the stock. Zacks‘ target price suggests a potential downside of 7.28% from the company’s current price.
Shares of Intevac (NASDAQ:IVAC) traded up 3.99% during mid-day trading on Tuesday, hitting $7.55. The stock had a trading volume of 52,044 shares. Intevac has a 52-week low of $4.25 and a 52-week high of $8.92. The stock has a 50-day moving average of $7.94 and a 200-day moving average of $6.43. The company’s market cap is $180.8 million.
Intevac (NASDAQ:IVAC) last released its earnings data on Wednesday, January 29th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.05. The company had revenue of $20.60 million for the quarter, compared to the consensus estimate of $19.28 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts expect that Intevac will post $-0.48 EPS for the current fiscal year.
Intevac, Inc (NASDAQ:IVAC) provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic (PV) industry.
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.