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Stock analysts at Ladenburg Thalmann assumed coverage on shares of TASER International (NASDAQ:TASR) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $19.50 price target on the stock. Ladenburg Thalmann’s price target would suggest a potential upside of 24.44% from the stock’s previous close.

TASER International (NASDAQ:TASR) opened at 15.9699 on Tuesday. TASER International has a 52 week low of $10.46 and a 52 week high of $20.83. The stock’s 50-day moving average is $12. and its 200-day moving average is $15.14. The company has a market cap of $838.9 million and a P/E ratio of 47.63.

TASER International (NASDAQ:TASR) last announced its earnings results on Wednesday, July 30th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.50 million. During the same quarter last year, the company posted $0.08 earnings per share. TASER International’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that TASER International will post $0.33 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on TASR. Analysts at Dougherty & Co upgraded shares of TASER International from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of TASER International from $18.50 to $17.00 in a research note on Friday, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet downgraded shares of TASER International to a “hold” rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. TASER International has an average rating of “Buy” and an average target price of $18.25.

TASER International, Inc (NASDAQ:TASR) is engaged in development, manufacture and sale of electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.

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