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Equities researchers at Imperial Capital initiated coverage on shares of ARC Group WorldWide (NASDAQ:ARCW) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $20.00 price target on the stock. Imperial Capital’s price target would indicate a potential upside of 31.58% from the company’s current price.

The analysts wrote, “We are initiating coverage of ARCW shares with an Outperform rating and a one-year price target of $20, about 31% above recent share price. “The company’s core manufacturing businesses are in precision components, flanges and fittings, and wireless technology. ARCW has expanded its precision components capability both through organic growth as well as through acquisitions. Inorganic growth increases ARCW’s ability to be a one-stop shop for its customer base by offering additional forms of metal and plastic fabrication, rapid prototyping and low volume production. ARCW’s focus, since the establishment of the current operating structure in August 2012, has been on improving cost efficiencies and driving margin expansion. “The company’s financial model is at an inflection point and should benefit from top line sales growth, improved operational efficiencies, and the financial benefits realized from integration and cost reduction efforts company-wide. ARCW is a holistic solutions provider in plastics and metal fabrication, with a primary focus on helping customers improve speed-to-market.”

Shares of ARC Group WorldWide (NASDAQ:ARCW) opened at 15.20 on Monday. ARC Group WorldWide has a 1-year low of $1.90 and a 1-year high of $18.912. The stock’s 50-day moving average is $14.40 and its 200-day moving average is $12.84. The company has a market cap of $226.6 million and a price-to-earnings ratio of 39.56.

ARC Group WorldWide (NASDAQ:ARCW) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.12. The company had revenue of $20.90 million for the quarter, compared to the consensus estimate of $19.33 million. ARC Group WorldWide’s revenue was up 14.8% compared to the same quarter last year. Analysts expect that ARC Group WorldWide will post $0.53 EPS for the current fiscal year.

ARCW has been the subject of a number of other recent research reports. Analysts at Brean Capital raised their price target on shares of ARC Group WorldWide from $20.00 to $23.00 in a research note on Tuesday, June 24th. They now have a “buy” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of ARC Group WorldWide in a research note on Thursday, April 3rd. They set a “buy” rating on the stock.

ARC Group Worldwide, Inc, formerly ARC Wireless Solutions, Inc, is a provider of wireless network component and wireless network solutions.

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