Orbotech Price Target Raised to $21.00 at Oppenheimer (ORBK)
Oppenheimer increased their price objective on shares of Orbotech (NASDAQ:ORBK) from $18.00 to $21.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 32.41% from the company’s current price.
Orbotech (NASDAQ:ORBK) opened at 15.84 on Friday. Orbotech has a one year low of $11.09 and a one year high of $16.79. The stock’s 50-day moving average is $15.69 and its 200-day moving average is $14.87. The company has a market cap of $660.9 million and a price-to-earnings ratio of 17.03.
Orbotech (NASDAQ:ORBK) last released its earnings data on Monday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03. The company had revenue of $113.20 million for the quarter, compared to the consensus estimate of $112.50 million. On average, analysts predict that Orbotech will post $1.10 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Orbotech from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $17.00 price target on the stock.
Orbotech Ltd. (NASDAQ:ORBK) is principally engaged in the design, development, manufacture, marketing and servicing of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry.
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