Furmanite Corp. Price Target Cut to $12.00 by Analysts at Davidson (FRM)
Equities researchers at Davidson decreased their price target on shares of Furmanite Corp. (NYSE:FRM) from $14.00 to $12.00 in a research report issued on Friday. Davidson’s price target would suggest a potential upside of 30.01% from the stock’s previous close.
Shares of Furmanite Corp. (NYSE:FRM) traded up 0.87% on Friday, hitting $9.23. The stock had a trading volume of 115,431 shares. Furmanite Corp. has a 52-week low of $8.05 and a 52-week high of $12.70. The stock’s 50-day moving average is $10.7 and its 200-day moving average is $10.82. The company has a market cap of $347.2 million and a price-to-earnings ratio of 33.89.
Furmanite Corp. (NYSE:FRM) last released its earnings data on Thursday, July 31st. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.04. The company had revenue of $146.20 million for the quarter, compared to the consensus estimate of $147.00 million. The company’s quarterly revenue was up 34.9% on a year-over-year basis. Analysts expect that Furmanite Corp. will post $0.49 EPS for the current fiscal year.
Furmanite Corporation (NYSE:FRM), along with its subsidiaries, provides specialized technical services, including on-line services, such as leak sealing, hot tapping, line stopping, line isolation, composite repair and valve testing.
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