Photronics Price Target Increased to $12.00 by Analysts at DA Davidson (PLAB)
Stock analysts at DA Davidson boosted their price target on shares of Photronics (NASDAQ:PLAB) from $10.00 to $12.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 40.52% from the stock’s previous close.
Separately, analysts at Needham & Company LLC upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $11.00 price target on the stock.
Shares of Photronics (NASDAQ:PLAB) opened at 8.55 on Thursday. Photronics has a one year low of $7.20 and a one year high of $9.75. The stock’s 50-day moving average is $8.37 and its 200-day moving average is $8.54. The company has a market cap of $527.4 million and a P/E ratio of 19.08.
Photronics (NASDAQ:PLAB) last announced its earnings results on Tuesday, August 19th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.02. The company had revenue of $124.90 million for the quarter, compared to the consensus estimate of $122.53 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that Photronics will post $0.22 EPS for the current fiscal year.
Photronics, Inc (NASDAQ:PLAB)is a manufacturers of photomasks, which are precision photographic quartz plates containing microscopic images of electronic circuits.
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