Rofin-Sinar Technologies Inc. (RSTI) Given Consensus Rating of “Hold” by Analysts
Shares of Rofin-Sinar Technologies Inc. (NASDAQ:RSTI) have received a consensus broker rating score of 3.00 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating.
Brokerages have set a twelve-month consensus target price of $32.50 for the company and are predicting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given Rofin-Sinar Technologies an industry rank of 88 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Rofin-Sinar Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Magnetar Financial LLC bought a new position in Rofin-Sinar Technologies during the first quarter worth approximately $32,121,000. Prudential Financial Inc. boosted its position in Rofin-Sinar Technologies by 3.2% in the first quarter. Prudential Financial Inc. now owns 67,941 shares of the company’s stock worth $2,189,000 after buying an additional 2,100 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Rofin-Sinar Technologies by 3,539.6% in the first quarter. JPMorgan Chase & Co. now owns 134,665 shares of the company’s stock worth $4,339,000 after buying an additional 130,965 shares during the last quarter. BlackRock Fund Advisors boosted its position in Rofin-Sinar Technologies by 1.5% in the first quarter. BlackRock Fund Advisors now owns 1,777,452 shares of the company’s stock worth $57,270,000 after buying an additional 25,837 shares during the last quarter. Finally, Boston Partners boosted its position in Rofin-Sinar Technologies by 2.3% in the second quarter. Boston Partners now owns 111,845 shares of the company’s stock worth $3,572,000 after buying an additional 2,526 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors.
Shares of Rofin-Sinar Technologies (NASDAQ:RSTI) traded down 0.46% during mid-day trading on Tuesday, hitting $32.25. 186,897 shares of the stock were exchanged. Rofin-Sinar Technologies has a 52-week low of $19.02 and a 52-week high of $32.50. The company has a market cap of $916.35 million, a P/E ratio of 27.61 and a beta of 1.97. The stock’s 50-day moving average price is $32.14 and its 200-day moving average price is $31.99.
Rofin-Sinar Technologies (NASDAQ:RSTI) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $125.94 million for the quarter, compared to analysts’ expectations of $130.90 million. Rofin-Sinar Technologies had a net margin of 6.80% and a return on equity of 7.04%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Equities research analysts anticipate that Rofin-Sinar Technologies will post $1.12 earnings per share for the current fiscal year.
About Rofin-Sinar Technologies
ROFIN-SINAR Technologies Inc is engaged in the design, development, engineering, manufacturing and marketing of laser sources and laser-based system solutions for industrial material processing applications, which include primarily cutting, welding and marking a range of materials. The Company offers a range of laser components.
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