TASER International Raised to Buy at TheStreet (TASR)
Shares of TASER International (NASDAQ:TASR) traded down 2.79% on Wednesday, hitting $17.05. The stock had a trading volume of 3,546,749 shares. TASER International has a one year low of $10.46 and a one year high of $20.83. The stock has a 50-day moving average of $13.08 and a 200-day moving average of $15.1. The company has a market cap of $895.7 million and a price-to-earnings ratio of 53.31.
TASER International (NASDAQ:TASR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that TASER International will post $0.33 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of TASER International in a research note on Wednesday. They now have a $19.00 price target on the stock, up previously from $17.00. Separately, analysts at Ladenburg Thalmann initiated coverage on shares of TASER International in a research note on Tuesday. They set a “buy” rating and a $19.50 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.25.
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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