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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.