Perceptron Inc. (PRCP) Given $9.00 Consensus Price Target by Analysts
Perceptron Inc. (NASDAQ:PRCP) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price objective of $9.00 for the company and are forecasting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Perceptron an industry rank of 210 out of 265 based on the ratings given to its competitors.
PRCP has been the topic of several research reports. Zacks Investment Research raised Perceptron from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Saturday, July 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $7.00 price target on shares of Perceptron in a report on Sunday, August 7th.
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A number of hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its stake in shares of Perceptron by 2.9% in the first quarter. Royce & Associates LP now owns 1,168,526 shares of the company’s stock valued at $5,667,000 after buying an additional 32,646 shares during the period. Ancora Advisors LLC increased its stake in shares of Perceptron by 10.0% in the second quarter. Ancora Advisors LLC now owns 66,225 shares of the company’s stock valued at $310,000 after buying an additional 6,000 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Perceptron during the second quarter valued at about $205,000. Punch & Associates Investment Management Inc. increased its stake in shares of Perceptron by 14.4% in the second quarter. Punch & Associates Investment Management Inc. now owns 262,000 shares of the company’s stock valued at $1,226,000 after buying an additional 33,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Perceptron during the first quarter valued at about $246,000. 70.43% of the stock is currently owned by institutional investors.
Shares of Perceptron (NASDAQ:PRCP) traded down 0.31% on Tuesday, reaching $6.39. The company had a trading volume of 547 shares. Perceptron has a 52-week low of $4.18 and a 52-week high of $9.12. The stock’s market capitalization is $59.87 million. The company has a 50 day moving average price of $6.53 and a 200 day moving average price of $5.37.
Perceptron (NASDAQ:PRCP) last announced its earnings results on Tuesday, August 30th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.12. Perceptron had a negative return on equity of 7.88% and a negative net margin of 31.99%. The firm had revenue of $18.70 million for the quarter, compared to analysts’ expectations of $17.35 million. On average, equities research analysts anticipate that Perceptron will post $0.15 earnings per share for the current year.
Perceptron, Inc (Perceptron) develops, produces and sells a range of automated industrial dimensional inspection and three-dimensional (3D) scanning products. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software.
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