iRobot Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:IRBT)
iRobot (NASDAQ:IRBT) has received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Analyst RN reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.75.
IRBT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of iRobot in a research note on Tuesday, August 19th. They now have a $36.00 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of iRobot in a research note on Thursday, July 17th. They now have a $36.50 price target on the stock, up previously from $33.00.
Shares of iRobot (NASDAQ:IRBT) opened at 33.6466 on Tuesday. iRobot has a one year low of $28.90 and a one year high of $48.36. The stock’s 50-day moving average is $35.28 and its 200-day moving average is $37.7. The company has a market cap of $994.4 million and a price-to-earnings ratio of 41.24.
iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $139.80 million for the quarter, compared to the consensus estimate of $142.51 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that iRobot will post $1.15 earnings per share for the current fiscal year.
iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications.
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