Posted by admin on Apr 21st, 2022
Fanuc (OTCMKTS:FANUY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “
Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. cut Fanuc from a “neutral” rating to an “underweight” rating in a research note on Monday, March 7th. Bank of America cut Fanuc from a “buy” rating to a “neutral” rating in a research note on Thursday, February 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.00.
OTCMKTS:FANUY traded up $0.07 during trading hours on Wednesday, hitting $16.42. The stock had a trading volume of 296,335 shares, compared to its average volume of 450,128. Fanuc has a 1-year low of $15.98 and a 1-year high of $25.51. The business has a 50 day simple moving average of $17.62 and a two-hundred day simple moving average of $19.52. The company has a market cap of $33.15 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 0.95 and a beta of 1.02.
Fanuc (OTCMKTS:FANUY – Get Rating) last issued its quarterly earnings data on Wednesday, January 26th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter. Fanuc had a net margin of 21.99% and a return on equity of 10.82%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.45 billion. As a group, equities research analysts expect that Fanuc will post 0.75 earnings per share for the current fiscal year.
Fanuc Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.
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