Needham & Company Increases Aeroflex Holding Corp. Price Target to $10.00 (ARX)
Equities researchers at Needham & Company boosted their price target on shares of Aeroflex Holding Corp. (NYSE:ARX) from $9.00 to $10.00 in a research report issued on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Needham & Company’s price objective points to a potential upside of 28.70% from the stock’s previous close.
Separately, analysts at Goldman Sachs downgraded shares of Aeroflex Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $7.00 price target on the stock, down previously from $9.00. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.26.
Aeroflex Holding Corp. (NYSE:ARX) traded up 2.64% during mid-day trading on Monday, hitting $7.975. 24,988 shares of the company’s stock traded hands. Aeroflex Holding Corp. has a one year low of $6.04 and a one year high of $9.25. The stock has a 50-day moving average of $6.67 and a 200-day moving average of $7.11. The company’s market cap is $679.5 million.
Aeroflex Holding Corp. (NYSE:ARX) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.12. The company had revenue of $151.90 million for the quarter, compared to the consensus estimate of $149.20 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts predict that Aeroflex Holding Corp. will post $0.53 earnings per share for the current fiscal year.
Aeroflex Holding Corp. (NYSE:ARX) is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems.
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