II-VI (IIVI) – Investment Analysts’ Recent Ratings Changes
II-VI (NASDAQ: IIVI) has recently received a number of price target changes and ratings updates:
- 8/7/2017 – II-VI was given a new $45.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
- 8/5/2017 – II-VI had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $39.50 price target on the stock.
- 7/31/2017 – II-VI was downgraded by analysts at B. Riley to a “neutral” rating. They now have a $39.50 price target on the stock.
- 7/31/2017 – II-VI was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 7/26/2017 – II-VI was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $39.50 price target on the stock, up previously from $35.75.
- 7/24/2017 – II-VI is now covered by analysts at Craig Hallum. They set a “buy” rating and a $50.00 price target on the stock.
- 7/19/2017 – II-VI was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 7/6/2017 – II-VI is now covered by analysts at Northland Securities. They set an “outperform” rating and a $45.00 price target on the stock.
- 7/4/2017 – II-VI had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.
- 6/25/2017 – II-VI had its “buy” rating reaffirmed by analysts at Benchmark Co.. They wrote, “We believe NUS will be aggressive on share repurchases this year and are setting up for a strong finish to the year and credible growth in 2018. F/X, at present, appears to be neutral to positive starting in 4Q17. More details discussed herein… VALUATION: We’ve made no changes to our estimates at this time, but expect that as the year rolls forward our revisions will be to the upside. And the 4Q17 will be a big quarter for NUS in our opinion. Our price target moves to $80 per share or 22x 2018 EPS. The shares rose 26% in 2016 and 26.6% YTD. The return to meaningful sales growth will be the driver of multiple expansion, we believe. Organic sales growth of 5.3% to 7.2% is impressive. Free cash flow yield is 6.3%. It trades at 18.6x 2017 EPS and 9.8x EV/EBITDA. Given its organic growth, its fine balance sheet and strong cash generation, NUS is cheap by all normal measures of value in our view. RISKS: The strong dollar has been the biggest risk to estimates. In 2016 top-line was trimmed 2% from the strong dollar. The company sees 3% pressure from F/X for 2017. As an MLM, NUS has regulatory risk as well, though we believe the NUS business model to be ethical and legal around the world.””
- 6/21/2017 – II-VI had its price target raised by analysts at Needham & Company LLC from $38.00 to $40.00. They now have a “buy” rating on the stock.
- 6/15/2017 – II-VI was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
Shares of II-VI Incorporated (NASDAQ IIVI) opened at 38.15 on Tuesday. The firm has a 50-day moving average of $35.92 and a 200 day moving average of $34.63. II-VI Incorporated has a 1-year low of $20.29 and a 1-year high of $41.10. The stock has a market capitalization of $2.41 billion, a PE ratio of 31.77 and a beta of 0.07.
II-VI (NASDAQ:IIVI) last released its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.17. II-VI had a net margin of 8.19% and a return on equity of 12.49%. The business had revenue of $273.70 million for the quarter, compared to analyst estimates of $249.90 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that II-VI Incorporated will post $1.32 earnings per share for the current fiscal year.
In other news, Director Francis J. Kramer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David G. Wagner sold 4,444 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $36.00, for a total transaction of $159,984.00. Following the sale, the vice president now owns 45,284 shares in the company, valued at approximately $1,630,224. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names.
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