Forescout Technologies Inc (FSCT) Given Average Recommendation of “Buy” by Brokerages

Shares of Forescout Technologies Inc (NASDAQ:FSCT) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $31.00.

FSCT has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Forescout Technologies in a research report on Monday, November 20th. They set a “buy” rating and a $30.00 price target for the company. Bank of America reaffirmed a “buy” rating and set a $35.00 price target (up previously from $30.00) on shares of Forescout Technologies in a research report on Thursday, December 28th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set an “equal weight” rating and a $27.00 price target for the company. KeyCorp initiated coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set an “overweight” rating and a $34.00 price target for the company. Finally, Citigroup initiated coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set a “neutral” rating and a $27.00 price target for the company.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. bought a new position in Forescout Technologies during the 4th quarter valued at approximately $555,000. CI Investments Inc. purchased a new position in shares of Forescout Technologies during the 4th quarter worth approximately $797,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Forescout Technologies during the 4th quarter worth approximately $20,081,000. 1.32% of the stock is owned by institutional investors and hedge funds.

Shares of Forescout Technologies (FSCT) opened at $29.63 on Friday. Forescout Technologies has a 52 week low of $21.56 and a 52 week high of $35.00. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.93 and a current ratio of 0.94.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, December 7th. The company reported ($1.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.16. equities analysts predict that Forescout Technologies will post -4.37 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/04/forescout-technologies-inc-fsct-given-average-recommendation-of-buy-by-brokerages.html.

Forescout Technologies Company Profile

ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.

Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

Receive News & Ratings for Forescout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forescout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply