B.Riley FBR analyst Mike Crawford maintained a Buy rating on Arotech Corp (NASDAQ: ARTX) today and set a price target of $4.50. The company’s shares opened today at $4.
Crawford wrote:
“Buy-rated Arotech (ARTX, $4.50 PT) reports 2Q18 after market close, Tuesday, 8/7, and will conduct a conference call to discuss results on 8/8 at 9:00am ET. Dial in We model $23.8M in revenue, $1.6M EBITDA, and $0.03 pro forma EPS for the period and comprise consensus. Already, we viewed ARTX as a “Best Idea” coming out of our 19th the company displayed a financial overview slide depicting potential program- based revenue growth to $110M-$120M in FY19 (we model $110M), and as high as $160M in FY20, given expected ramps in two Power Systems programs, plus potential capture of the Common Driver Training recompete in FY19.”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 9.0% and a 58.0% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Finjan Holdings, Kratos Defense, and Silicon Motion.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arotech Corp with a $4.50 average price target.
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Arotech Corp’s market cap is currently $104.5M and has a P/E ratio of 19.75. The company has a Price to Book ratio of 1.44.
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Arotech Corp. is a defense and security company. The company operates through two divisions: Training & Simulation Division and Power Systems Division.
