GT Advanced Technologies Receives Average Rating of “Buy” from Analysts (NASDAQ:GTAT)
GT Advanced Technologies (NASDAQ:GTAT) has been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the company, American Banking News reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.79.
GTAT has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of GT Advanced Technologies to $24.00 in a research note on Wednesday, April 2nd. They now have a “positive” rating on the stock. Separately, analysts at Gilford Securities raised their price target on shares of GT Advanced Technologies to $25.00 in a research note on Wednesday, March 26th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “positive” rating on shares of GT Advanced Technologies in a research note on Monday, March 17th.
In other GT Advanced Technologies news, Director Thomas Wroe, Jr. purchased 5,250 shares of GT Advanced Technologies stock in a transaction dated Monday, April 14th. The stock was purchased at an average price of $16.48 per share, with a total value of $86,520.00. Following the purchase, the director now directly owns 7,864 shares in the company, valued at approximately $129,599. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of GT Advanced Technologies (NASDAQ:GTAT) opened at 16.17 on Monday. GT Advanced Technologies has a 1-year low of $3.09 and a 1-year high of $19.44. The stock has a 50-day moving average of $16.85 and a 200-day moving average of $11.36. The company’s market cap is $2.188 billion.
GT Advanced Technologies (NASDAQ:GTAT) last issued its quarterly earnings data on Monday, February 24th. The company reported ($0.26) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.35) by $0.09. The company had revenue of $32.60 million for the quarter, compared to the consensus estimate of $37.38 million. Analysts expect that GT Advanced Technologies will post $0.10 EPS for the current fiscal year.
GT Advanced Technologies Inc (NASDAQ:GTAT) is diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (LED) and electronics industries.
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