Orbotech (NASDAQ:ORBK) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.
Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Barclays upped their price objective on Orbotech to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Stifel Nicolaus upped their price objective on Orbotech from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Jefferies Group reiterated a “buy” rating and issued a $42.00 price objective on shares of Orbotech in a research note on Tuesday, September 12th. Finally, Oppenheimer upped their price objective on Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $51.00.
Orbotech (NASDAQ:ORBK) traded down $0.98 during trading on Friday, reaching $49.68. The company had a trading volume of 376,696 shares, compared to its average volume of 436,328. Orbotech has a fifty-two week low of $28.01 and a fifty-two week high of $56.44. The company has a current ratio of 3.37, a quick ratio of 2.71 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2,330.00, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 0.96 and a beta of 0.76.
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Orbotech Company Profile
Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
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