Janney Montgomery Scott Initiates Coverage on Molex (MOLX)

By admin | 6 years ago

Research analysts at Janney Montgomery Scott began coverage on shares of Molex (NASDAQ: MOLX) in a report released on Tuesday. The firm set a “neutral” rating on the stock.

Molex traded down 0.94% on Tuesday, hitting $25.32. Molex has a 1-year low of $18.50 and a 1-year high of $28.46. The company has a market cap of $4.465 billion and a price-to-earnings ratio of 15.78.

Molex last released its earnings data on Wednesday, April 25th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts expect that Molex will post $0.45 EPS next quarter.

A number of other analysts have also recently weighed in on MOLX. Analysts at Topeka Capital initiated coverage on shares of Molex in a research note to investors on Monday. They set a “hold” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Molex in a research note to investors on Friday, March 9th. They now have a $28.00 price target on the stock.

Molex Incorporated is a manufacturer of electronic connectors. The Company manufactures and sells electronic components.

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