JPMorgan Chase & Co. Reaffirms Positive Rating for TASER International (TASR)
TASER International (NASDAQ:TASR)‘s stock had its “positive” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They currently have a $19.00 target price on the stock, up from their previous target price of $17.00. JPMorgan Chase & Co.’s target price indicates a potential upside of 8.32% from the company’s current price.
A number of other firms have also recently commented on TASR. 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. Separately, 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. Finally, analysts at TheStreet downgraded shares of TASER International to a “hold” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.25.
TASER International (NASDAQ:TASR) traded down 4.33% during mid-day trading on Wednesday, hitting $16.78. The stock had a trading volume of 4,879,989 shares. 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 $13.08 and its 200-day moving average is $15.1. The company has a market cap of $881.5 million and a price-to-earnings ratio of 53.31.
TASER International (NASDAQ:TASR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts expect that TASER International will post $0.33 EPS for the current fiscal year.
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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