B.Riley FBR Maintains Their Buy Rating on Fabrinet


B.Riley FBR analyst Dave Kang maintained a Buy rating on Fabrinet (NYSE: FN) today and set a price target of $40. The company’s shares closed yesterday at $33.

According to TipRanks.com, Kang is a 5-star analyst with an average return of 19.2% and a 64.1% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.

Fabrinet has an analyst consensus of Moderate Buy, with a price target consensus of $37.50.

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Fabrinet’s market cap is currently $1.23B and has a P/E ratio of 13.81. The company has a Price to Book ratio of 1.70.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock.

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Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm’s engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system.

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