iRobot Given Average Rating of “Buy” by Analysts (NASDAQ:IRBT)
iRobot (NASDAQ:IRBT) has been given an average recommendation of “Buy” by the ten brokerages that are presently covering the company, American Banking News reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $41.43.
A number of research firms have recently commented on IRBT. Analysts at Zacks reiterated a “neutral” rating on shares of iRobot in a research note on Wednesday, June 25th. They now have a $40.00 price target on the stock. Separately, analysts at Spruce Point Management initiated coverage on shares of iRobot in a research note on Tuesday, May 20th. They set a “strong sell” rating on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of iRobot from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $33.00 price target on the stock.
Shares of iRobot (NASDAQ:IRBT) traded up 0.50% during mid-day trading on Wednesday, hitting $36.53. The stock had a trading volume of 183,449 shares. iRobot has a 52-week low of $28.90 and a 52-week high of $48.36. The stock has a 50-day moving average of $37.36 and a 200-day moving average of $38.08. The company has a market cap of $1.077 billion and a P/E ratio of 43.69.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.02. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $112.26 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that iRobot will post $1.11 EPS for the current fiscal year.
iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications.
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