GT Advanced Technologies Receives Average Rating of “Buy” from Analysts (NASDAQ:GTAT)
GT Advanced Technologies (NASDAQ:GTAT) has been given a consensus recommendation of “Buy” by the eleven analysts that are currently covering the stock, Analyst Ratings Net reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.45.
GT Advanced Technologies (NASDAQ:GTAT) opened at 17.93 on Friday. GT Advanced Technologies has a one year low of $6.22 and a one year high of $20.54. The stock has a 50-day moving average of $15.74 and a 200-day moving average of $16.05. The company’s market cap is $2.466 billion.
GT Advanced Technologies (NASDAQ:GTAT) last released its earnings data on Monday, August 4th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.02. The company had revenue of $58.00 million for the quarter, compared to the consensus estimate of $63.94 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 65.5% on a year-over-year basis. Analysts expect that GT Advanced Technologies will post $0.11 EPS for the current fiscal year.
A number of analysts have recently weighed in on GTAT shares. Analysts at Piper Jaffray initiated coverage on shares of GT Advanced Technologies in a research note on Monday. They set an “overweight” rating on the stock. Separately, analysts at Credit Agricole downgraded shares of GT Advanced Technologies from an “outperform” rating to an “underperform” rating in a research note on Wednesday, August 20th. They now have a $19.00 price target on the stock, up previously from $18.00. Finally, analysts at Cowen and Company initiated coverage on shares of GT Advanced Technologies in a research note on Tuesday, August 12th. They set an “outperform” rating and a $19.00 price target on the stock.
GT Advanced Technologies Inc is diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (NASDAQ:GTAT) and electronics industries.
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