Ultra Clean Holdings Price Target Raised to $13.00 at Piper Jaffray (UCTT)
Investment analysts at Piper Jaffray increased their price objective on shares of Ultra Clean Holdings (NASDAQ:UCTT) from $8.00 to $13.00 in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. Piper Jaffray’s target price points to a potential upside of 8.88% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Ultra Clean Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 22nd. They now have a $12.60 price target on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Ultra Clean Holdings from $10.50 to $12.50 in a research note on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Ultra Clean Holdings from $13.00 to $15.00 in a research note on Wednesday, January 15th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $11.64.
Ultra Clean Holdings (NASDAQ:UCTT) opened at 11.94 on Wednesday. Ultra Clean Holdings has a 1-year low of $4.52 and a 1-year high of $12.08. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $8.88. The company has a market cap of $339.7 million and a price-to-earnings ratio of 116.44.
Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.17. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $107.55 million. Analysts expect that Ultra Clean Holdings will post $0.48 earnings per share for the current fiscal year.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
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