SMART Technologies Price Target Raised to $3.25 at RBC Capital (SMT)
Equities researchers at RBC Capital raised their price target on shares of SMART Technologies (NYSE:SMT) from $2.50 to $3.25 in a research report issued on Friday, AmericanBankingNews.com reports. RBC Capital’s price objective would suggest a potential upside of 6.56% from the company’s current price.
A number of other analysts have also recently weighed in on SMT. Analysts at Zacks downgraded shares of SMART Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $2.70 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of SMART Technologies from $1.35 to $2.35 in a research note to investors on Monday, November 11th. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $3.16.
Shares of SMART Technologies (NYSE:SMT) traded up 28.15% on Friday, hitting $3.05. The stock had a trading volume of 3,837,665 shares. SMART Technologies has a 1-year low of $1.14 and a 1-year high of $3.16. The stock has a 50-day moving average of $2.16 and a 200-day moving average of $2.31. The company’s market cap is $369.3 million.
SMART Technologies (NYSE:SMT) last released its earnings data on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.08. The company had revenue of $143.40 million for the quarter, compared to the consensus estimate of $114.22 million.
SMART Technologies Inc through its wholly owned subsidiary, SMART Technologies ULC (NYSE:SMT) and its subsidiaries, the Company designs, develops and sells interactive technology products and solutions that enhance learning.
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