Needham & Company Gives Buy Rating to FEI (FEIC)
FEI traded down 1.71% on Wednesday, hitting $51.08. FEI has a 52-week low of $26.61 and a 52-week high of $52.01. The company has a market cap of $1.935 billion and a price-to-earnings ratio of 20.72.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.63 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.63 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that FEI will post $0.68 EPS next quarter.
A number of other analysts have also recently weighed in on FEIC. Analysts at JPMorgan Chase (NYSE: JPM) initiated coverage on shares of FEI in a research note to investors on Thursday, March 1st. They set an “overweight” rating and a $56.00 price target on the stock. Separately, analysts at DA Davidson raised their price target on shares of FEI from $50.00 to $55.00 in a research note to investors on Thursday, February 9th. They now have a “buy” rating on the stock. Finally, analysts at Dougherty & Co raised their price target on shares of FEI from $49.00 to $53.00 in a research note to investors on Thursday, February 9th. They now have a “buy” rating on the stock.
FEI Company is a supplier of instruments for nanoscale imaging, analysis and prototyping to enable research, development and manufacturing in a range of industrial, academic and research institutional applications.