FEI Company’s Buy Rating Reaffirmed at Zacks (FEIC)
FEI Company (NASDAQ:FEIC)‘s stock had its “buy” rating reiterated by Zacks in a research report issued to clients and investors on Thursday. They currently have a $96.00 price objective on the stock, down from their previous price objective of $100.00. Zacks‘s target price suggests a potential upside of 21.40% from the company’s current price.
The analysts wrote, “FEIC reported total revenues of $237mn (+6.5% y/y, +5.3% organic, -0.2% F/X, +1.4% acquisition), above our est. of $236mn (+5.9% y/y; +4.7% organic), Street$235mn. GAAP gross margin was 46.4% (-160bps y/y), below our 47.0% est. on timing and mix-related issues. Non-GAAP EPS of $0.70 were 3c ahead of our est. and 5c ahead of Street’s. Overall, Q2 results were in-line with guidance, as +22% organic Industry Group growth helped offset a -9% decline in the Science Group due to Q1 Material Science order delays, but with Science bookings up +14% y/y.”
Separately, analysts at Dougherty & Co upgraded shares of FEI Company from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $96.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $82.25.
FEI Company (NASDAQ:FEIC) traded up 3.24% during mid-day trading on Thursday, hitting $79.08. 664,064 shares of the company’s stock traded hands. FEI Company has a one year low of $74.98 and a one year high of $111.57. The stock has a 50-day moving average of $87.72 and a 200-day moving average of $92.27. The company has a market cap of $3.318 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. Analysts expect that FEI Company will post $3.13 EPS for the current fiscal year.
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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