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Investment analysts at JPMorgan Chase & Co. cut their price objective on shares of TASER International (NASDAQ:TASR) from $18.50 to $17.00 in a note issued to investors on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 47.63% from the company’s current price.

Shares of TASER International (NASDAQ:TASR) traded down 4.52% during mid-day trading on Friday, hitting $11.515. The stock had a trading volume of 1,264,809 shares. TASER International has a one year low of $8.57 and a one year high of $20.83. The stock has a 50-day moving average of $12.47 and a 200-day moving average of $15.60. The company has a market cap of $614.7 million and a P/E ratio of 36.66.

TASER International (NASDAQ:TASR) last announced its earnings results on Wednesday, July 30th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.50 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts predict that TASER International will post $0.32 earnings per share for the current fiscal year.

TASR has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of TASER International to a “hold” rating in a research note on Monday, July 14th. Analysts at CRT Capital initiated coverage on shares of TASER International in a research note on Wednesday, May 14th. They set a “fair value” rating on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. TASER International currently has an average rating of “Hold” and an average target price of $17.95.

TASER International, Inc (NASDAQ:TASR) is engaged in development, manufacture and sale of electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.

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