Cemtrex Inc (CETX) Given $5.00 Average Price Target by Brokerages
Shares of Cemtrex Inc (NASDAQ:CETX) have been given an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.
Analysts have set a one year consensus target price of $5.00 for the company and are expecting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Cemtrex an industry rank of 111 out of 265 based on the ratings given to its competitors.
Separately, Taglich Brothers lowered Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.
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A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission (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 approximately 0.84% of Cemtrex worth $266,000 at the end of the most recent quarter.
Shares of Cemtrex (NASDAQ:CETX) traded down 0.50% during midday trading on Friday, reaching $3.97. The company had a trading volume of 25,277 shares. The stock has a market capitalization of $37.36 million, a PE ratio of 9.50 and a beta of -0.31. Cemtrex has a 12-month low of $1.56 and a 12-month high of $6.59. The stock’s 50 day moving average is $4.26 and its 200-day moving average is $3.55.
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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