Analysts Set $5.48 Price Target for Cemtrex Inc (CETX)
Shares of Cemtrex Inc (NASDAQ:CETX) have been assigned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Brokers have set a 1 year consensus price target 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 226 out of 265 based on the ratings given to its competitors.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Cemtrex in the 2nd quarter worth approximately $122,000. Macquarie Group Ltd. bought a new stake in shares of Cemtrex in the 3rd quarter worth approximately $147,000. Finally, AJO LP bought a new stake in shares of Cemtrex in the 2nd quarter worth approximately $268,000. Institutional investors and hedge funds own 5.50% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/05/analysts-set-5-48-price-target-for-cemtrex-inc-cetx.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cemtrex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemtrex Inc and related companies with MarketBeat.com's FREE daily email newsletter.