Benchmark Co. analyst Mark Miller upgraded Axcelis Technologies (ACLS) to Buy today and set a price target of $26.50. The company’s shares closed yesterday at $22.32.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.4% and a 64.9% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as MKS Instruments, Nanometrics Inc, and Western Digital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axcelis Technologies with a $28 average price target, a 25.4% upside from current levels. In a report issued on January 28, B.Riley FBR also upgraded the stock to Buy with a $28 price target.
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Axcelis Technologies’ market cap is currently $723.1M and has a P/E ratio of 5.90. The company has a Price to Book ratio of 1.82.
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Axcelis Technologies, Inc. engages in the design, manufacture and service of dry strip, ion implantation and other processing equipment used in the fabrication of semiconductor chips. The company provides service and support, including spare parts, equipment upgrades, maintenance services and customer training.
