Zacks: Analysts Set $5.48 Price Target for Cemtrex Inc. (CETX)
Cemtrex Inc. (NASDAQ:CETX) has earned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Analysts have set a 12-month consensus target price of $5.48 for the company and are forecasting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given Cemtrex an industry rank of 247 out of 265 based on the ratings given to related companies.
Shares of Cemtrex (NASDAQ CETX) opened at $2.74 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.55 and a quick ratio of 1.66. Cemtrex has a 1 year low of $2.61 and a 1 year high of $8.41. The firm has a market cap of $29.72, a P/E ratio of 5.58 and a beta of -0.47.
Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Monday, August 14th. The industrial products company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Cemtrex had a net margin of 4.05% and a return on equity of 19.22%. The business had revenue of $27.81 million during the quarter, compared to analyst estimates of $31.75 million. analysts predict that Cemtrex will post 0.34 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in CETX. AJO LP acquired a new position in Cemtrex during the second quarter valued at approximately $268,000. Macquarie Group Ltd. acquired a new position in Cemtrex during the third quarter valued at approximately $147,000. Finally, Dimensional Fund Advisors LP acquired a new position in Cemtrex during the second quarter valued at approximately $122,000. Institutional investors and hedge funds own 6.46% of the company’s stock.
Cemtrex Company Profile
Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.
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