SMART Technologies Stock Rating Reaffirmed by Cowen and Company (SMT)
SMART Technologies (NYSE:SMT)‘s stock had its “market perform” rating reiterated by investment analysts at Cowen and Company in a note issued to investors on Friday. They currently have a $1.80 target price on the stock, down from their previous target price of $3.75.
SMART Technologies (NYSE:SMT) traded down 18.55% on Friday, hitting $1.80. The stock had a trading volume of 1,076,008 shares. SMART Technologies has a 1-year low of $1.87 and a 1-year high of $5.28. The stock’s 50-day moving average is $2.53 and its 200-day moving average is $3.23. The company has a market cap of $218.2 million and a P/E ratio of 13.81.
SMART Technologies (NYSE:SMT) last announced its earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $124.20 million for the quarter, compared to the consensus estimate of $117.80 million. Analysts expect that SMART Technologies will post $0.08 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of SMART Technologies from $3.75 to $3.00 in a research note on Friday. Separately, analysts at Zacks downgraded shares of SMART Technologies from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $2.30 price target on the stock. Finally, analysts at CIBC cut their price target on shares of SMART Technologies from $6.50 to $5.25 in a research note on Tuesday, May 20th. They now have a “sector outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. SMART Technologies presently has an average rating of “Hold” and a consensus price target of $3.07.
SMART Technologies Inc (NYSE:SMT) through its wholly owned subsidiary, SMART Technologies ULC (ULC) and its subsidiaries, the Company designs, develops and sells interactive technology products and integrated solutions that enhance learning.
Receive News & Ratings for SMART Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMART Technologies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.