Brokerages Anticipate Cemtrex Inc (NASDAQ:CETX) to Post $0.15 Earnings Per Share
Shares of Cemtrex Inc (NASDAQ:CETX) have been given an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating. Cemtrex’s rating score has declined by 100% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus target price of $5.00 for the company and are predicting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Cemtrex an industry rank of 109 out of 265 based on the ratings given to related companies.
Separately, Taglich Brothers upgraded Cemtrex from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, June 1st.
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Shares of Cemtrex (NASDAQ:CETX) traded down 1.47% during mid-day trading on Tuesday, reaching $4.02. 57,864 shares of the company traded hands. The company has a market capitalization of $37.83 million, a P/E ratio of 9.62 and a beta of -0.31. Cemtrex has a 52-week low of $1.56 and a 52-week high of $6.59. The firm’s 50 day moving average price is $4.84 and its 200-day moving average price is $3.33.
An institutional investor recently raised its position in Cemtrex stock. Vanguard Group Inc. raised its stake in shares of Cemtrex Inc (NASDAQ:CETX) by 332.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,105 shares of the company’s stock after buying an additional 55,431 shares during the period. Vanguard Group Inc. owned about 0.84% of Cemtrex worth $266,000 as of its most recent filing with the SEC.
Cemtrex Company Profile
Cemtrex, Inc is a diversified industrial and manufacturing company. The Company operates in a range of business segments and provides solutions to manufacturing industries. The Company provides electronic manufacturing services of electronic system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems.
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