FEI Company Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:FEIC)
FEI Company (NASDAQ:FEIC) has been given an average rating of “Buy” by the ten analysts that are currently covering the company, ARN reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $82.25.
Shares of FEI Company (NASDAQ:FEIC) traded up 1.83% on Friday, hitting $78.00. 195,925 shares of the company’s stock traded hands. FEI Company has a 52-week low of $71.04 and a 52-week high of $111.57. The stock’s 50-day moving average is $87.97 and its 200-day moving average is $92.34. The company has a market cap of $3.273 billion and a P/E ratio of 27.22.
FEI Company (NASDAQ:FEIC) last announced its earnings results on Wednesday, July 30th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.05. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $235.22 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that FEI Company will post $3.18 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FEIC shares. Analysts at DA Davidson upgraded shares of FEI Company from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $4.50 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “buy” rating on shares of FEI Company in a research note on Thursday. They now have a $96.00 price target on the stock, down previously from $100.00. Finally, analysts at Zacks downgraded shares of FEI Company from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $95.40 price target on the stock.
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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