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SMART Technologies (NYSE:SMT) was downgraded by analysts at CIBC to a “sector perform” rating in a research report issued to clients and investors on Monday. They currently have a $2.00 target price on the stock, down from their previous target price of $5.25. CIBC’s price target would indicate a potential upside of 11.11% from the stock’s previous close.

SMART Technologies (NYSE:SMT) traded down 1.11% on Monday, hitting $1.78. 79,775 shares of the company’s stock traded hands. SMART Technologies has a 1-year low of $1.55 and a 1-year high of $5.28. The stock has a 50-day moving average of $2.51 and a 200-day moving average of $3.2. The company has a market cap of $215.8 million and a price-to-earnings ratio of 11.25.

SMART Technologies (NYSE:SMT) last released its earnings data on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.01. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $136.87 million. Analysts expect that SMART Technologies will post $0.08 EPS for the current fiscal year.

SMT has been the subject of a number of other recent research reports. Analysts at Cowen and Company reiterated a “market perform” rating on shares of SMART Technologies in a research note on Friday. They now have a $1.80 price target on the stock, down previously from $3.75. Separately, 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. Finally, analysts at Zacks downgraded shares of SMART Technologies from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $2.30 price target on the stock.

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.

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