Ultra Clean Holdings Given Average Rating of “Buy” by Brokerages (NASDAQ:UCTT)
Shares of Ultra Clean Holdings (NASDAQ:UCTT) have received a consensus rating of “Buy” from the eight brokerages that are covering the company, American Banking and Market News reports. Seven analysts have rated the stock with a buy recommendation, The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $12.79.
Ultra Clean Holdings (NASDAQ:UCTT) opened at 10.00 on Friday. Ultra Clean Holdings has a 52 week low of $6.50 and a 52 week high of $15.00. The stock’s 50-day moving average is $9.12 and its 200-day moving average is $10.57. The company has a market cap of $294.4 million and a P/E ratio of 13.72.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Monday, July 21st. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.03. The company had revenue of $132.70 million for the quarter, compared to the consensus estimate of $130.05 million. During the same quarter last year, the company posted $0.08 earnings per share. Ultra Clean Holdings’s revenue was up 20.5% compared to the same quarter last year. On average, analysts predict that Ultra Clean Holdings will post $0.84 earnings per share for the current fiscal year.
Separately, analysts at Roth Capital upgraded shares of Ultra Clean Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $12.00 price target on the stock.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
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