Control4 Corp Receives Average Rating of “Buy” from Analysts (NASDAQ:CTRL)
Control4 Corp (NASDAQ:CTRL) has earned a consensus rating of “Buy” from the eight brokerages that are covering the stock, Stock Ratings Network reports. Seven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.17.
Shares of Control4 Corp (NASDAQ:CTRL) opened at 15.98 on Friday. Control4 Corp has a 52 week low of $13.77 and a 52 week high of $32.50. The stock’s 50-day moving average is $18.28 and its 200-day moving average is $19.68. The company has a market cap of $380.2 million and a price-to-earnings ratio of 95.84.
Control4 Corp (NASDAQ:CTRL) last announced its earnings results on Thursday, July 31st. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.02. The company had revenue of $36.66 million for the quarter, compared to the consensus estimate of $37.47 million. During the same quarter last year, the company posted $0.08 earnings per share. Control4 Corp’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Control4 Corp will post $0.48 earnings per share for the current fiscal year.
CTRL has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Control4 Corp in a research note on Friday. They now have a $19.00 price target on the stock, down previously from $24.00. Separately, analysts at Dougherty & Co cut their price target on shares of Control4 Corp from $30.00 to $25.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of Control4 Corp from $23.00 to $20.00 in a research note on Friday. They now have a “buy” rating on the stock.
Control4 Corporation is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music, video, lighting, temperature, security, communications and other functionalities into a unified home automation solution.
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