Cantor Fitzgerald analyst Joseph Foresi downgraded Exponent (EXPO) to Hold on February 15. The company’s shares closed on Friday at $55.77, close to its 52-week high of $55.97.
Foresi observed:
“: In our Foresi’s Trend Tracker, we look at the companies in our Professional Services group, and the trends driving the end markets into which these firms sell. The Professional Services group is unified by a similar subscription-based business model, the performance of which is driven by the strength of the different end markets. We had a busy week attending Day where GxL continues to come into focus (Click here for our downgrade note). Moody’s reported results with issuance coming up short (as expected), but softness in analytics as well. We round third and head for home as earnings wrap up next week as we preview VRSK (OW). Our Overweight-rated names are S&P Global (SPGI), Verisk (VRSK), MSCI (MSCI), & Exponent (EXPO).”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.3% and a 86.8% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Exponent has an analyst consensus of Hold.
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The company has a one-year high of $55.97 and a one-year low of $37.58. Currently, Exponent has an average volume of 214.9K.
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Exponent, Inc. is an engineering and scientific consulting company, which engages in the provision of solutions. It operates through two segments: Engineering and Other Scientific; and Environmental and Health. The Engineering and Other Scientific segment provides technical consulting in the areas of engineering and technology development.
