Benchmark Co. analyst Mark Miller maintained a Buy rating on II-VI Inc (NASDAQ: IIVI) today and set a price target of $48. The company’s shares closed yesterday at $45.55.
According to TipRanks.com, Miller is a top 25 analyst with an average return of 29.1% and a 79.1% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Ipg Photonics Corp, and Nanometrics Inc.
Currently, the analyst consensus on II-VI Inc is Strong Buy and the average price target is $51.29, representing a 12.6% upside.
In a report issued on May 2, B.Riley FBR also maintained a Buy rating on the stock with a $54 price target.
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Based on II-VI Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $30.1 million. In comparison, last year the company had a net profit of $22.43 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Vincent Mattera, the President & CEO of IIVI sold 8,000 shares for a total of $378,720.
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II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and products for precision in the field of industrial, optical communications, military, semiconductor, medical and life science applications.