Shares of Fabrinet (NYSE:FN – Get Free Report) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $252.14.
Several equities research analysts recently weighed in on the company. Needham & Company LLC initiated coverage on Fabrinet in a research note on Tuesday, November 5th. They set a “buy” rating and a $280.00 target price for the company. Rosenblatt Securities boosted their price objective on shares of Fabrinet from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Barclays initiated coverage on shares of Fabrinet in a research report on Thursday, November 14th. They issued an “equal weight” rating and a $292.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Fabrinet from $240.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, B. Riley downgraded shares of Fabrinet from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $194.00 to $178.00 in a research note on Wednesday, November 20th.
Read Our Latest Analysis on Fabrinet
Hedge Funds Weigh In On Fabrinet
Fabrinet Stock Up 2.3 %
NYSE FN opened at $245.82 on Friday. Fabrinet has a 52 week low of $159.69 and a 52 week high of $278.38. The firm has a 50 day moving average of $244.67 and a two-hundred day moving average of $238.14. The stock has a market capitalization of $8.92 billion, a PE ratio of 29.09 and a beta of 0.92.
Fabrinet (NYSE:FN – Get Free Report) last posted its earnings results on Monday, November 4th. The technology company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.38 by $0.01. The firm had revenue of $804.20 million for the quarter, compared to analyst estimates of $771.24 million. Fabrinet had a return on equity of 18.08% and a net margin of 10.28%. Fabrinet’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, equities research analysts expect that Fabrinet will post 9.1 earnings per share for the current fiscal year.
About Fabrinet
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.
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