Cemtrex Inc. (CETX) Receives Consensus Rating of “Buy” from Analysts
Cemtrex Inc. (NASDAQ:CETX) has earned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Brokerages have set a 1 year consensus target price of $5.48 for the company and are forecasting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given Cemtrex an industry rank of 229 out of 265 based on the ratings given to its competitors.
A number of hedge funds have recently bought and sold shares of CETX. Dimensional Fund Advisors LP bought a new stake in Cemtrex during the second quarter worth approximately $122,000. Macquarie Group Ltd. bought a new position in Cemtrex in the third quarter worth $147,000. Finally, AJO LP bought a new position in Cemtrex in the second quarter worth $268,000. 5.50% of the stock is owned by institutional investors.
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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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