Northland Securities Lowers Price Target on Fuel Systems Solutions (FSYS)
Analysts at Northland Securities lowered their price target on shares of Fuel Systems Solutions (NASDAQ: FSYS) from $32.00 to $28.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on FSYS. Analysts at Macquarie initiated coverage on shares of Fuel Systems Solutions in a research note to investors on Monday, April 2nd. They set a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Fuel Systems Solutions in a research note to investors on Monday, March 5th. Finally, analysts at Zacks downgraded shares of Fuel Systems Solutions from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, February 9th.
Fuel Systems Solutions opened at 19.20 on Thursday. Fuel Systems Solutions has a 1-year low of $15.35 and a 1-year high of $29.41. The company has a market cap of $384.3 million and a price-to-earnings ratio of 73.85.
The company last announced its quarterly results on Thursday, May 3rd. It reported ($0.06) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.05 EPS by $0.11. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Fuel Systems Solutions will post $0.13 EPS next quarter.
Fuel Systems Solutions, Inc. (Fuel Systems) designs, manufactures and supplies alternative fuel components and systems for use in the transportation and industrial markets.