Entegris Receives Consensus Rating of “Buy” from Analysts (NASDAQ:ENTG)
Shares of Entegris (NASDAQ:ENTG) have been given an average rating of “Buy” by the twelve analysts that are covering the stock, American Banking and Market News reports. Two equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.86.
Entegris (NASDAQ:ENTG) opened at 11.60 on Friday. Entegris has a 52 week low of $8.97 and a 52 week high of $14.05. The stock’s 50-day moving average is $13.13 and its 200-day moving average is $12.03. The company has a market cap of $1.615 billion and a P/E ratio of 43.13.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $251.60 million for the quarter, compared to the consensus estimate of $240.20 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 41.7% on a year-over-year basis. On average, analysts predict that Entegris will post $0.68 earnings per share for the current fiscal year.
A number of research firms have recently commented on ENTG. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Entegris in a research note on Wednesday, July 30th. They now have a $13.00 price target on the stock, up previously from $12.00. Separately, analysts at Needham & Company LLC raised their price target on shares of Entegris from $14.00 to $16.00 in a research note on Friday, June 20th. They now have a “buy” rating on the stock. Finally, analysts at Dougherty & Co raised their price target on shares of Entegris from $13.50 to $17.00 in a research note on Friday, June 20th. They now have a “buy” rating on the stock.
Entegris, Inc is a global developer, manufacturer and supplier of products and materials used in processing and manufacturing in the semiconductor and other high-technology industries.
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