In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on II-VI Inc (IIVI), with a price target of $57. The company’s shares closed on Friday at $33.65.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 19.7% and a 64.5% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and Amtech Systems Inc.
II-VI Inc has an analyst consensus of Strong Buy, with a price target consensus of $47.43.
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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 $24.64 million. In comparison, last year the company had a net profit of $30.1 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IIVI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
