Needham & Company LLC Lowers FEI Company Price Target to $98.00 (FEIC)
Research analysts at Needham & Company LLC decreased their price objective on shares of FEI Company (NASDAQ:FEIC) from $105.00 to $98.00 in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 20.26% from the company’s current price.
FEI Company (NASDAQ:FEIC) traded up 1.05% on Wednesday, hitting $81.49. The stock had a trading volume of 708,968 shares. FEI Company has a 52-week low of $67.85 and a 52-week high of $111.57. The stock’s 50-day moving average is $96.40 and its 200-day moving average is $93.89. The company has a market cap of $3.441 billion and a price-to-earnings ratio of 26.83. FEI Company also was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 1,073,624 shares, a growth of 63.5% from the March 31st total of 656,818 shares. Based on an average trading volume of 972,489 shares, the short-interest ratio is presently 1.1 days. Currently, 2.5% of the shares of the stock are short sold.
FEI Company (NASDAQ:FEIC) last released its earnings data on Tuesday, April 29th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.08. The company had revenue of $226.30 million for the quarter, compared to the consensus estimate of $235.05 million. During the same quarter last year, the company posted $0.65 earnings per share. FEI Company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that FEI Company will post $3.51 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FEIC. Analysts at Goldman Sachs raised their price target on shares of FEI Company from $87.00 to $95.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of FEI Company from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $107.20 price target on the stock. Finally, analysts at Davidson downgraded shares of FEI Company from a “buy” rating to a “neutral” rating in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $101.84.
FEI Company, incorporated on May 7, 1953, is a supplier of scientific instruments for nanoscale applications and solutions for industry and science.
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