Credit Suisse analyst Sami Badri reiterated a Hold rating on CommScope Holding (NASDAQ: COMM) today and set a price target of $31. The company’s shares closed yesterday at $29.69.
Badri commented:
“We value COMM based on a P/FY2 EPS multiple and our proprietary HOLT ® DCF model.”
According to TipRanks.com, Badri is a 1-star analyst with an average return of -2.0% and a 54.3% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and Juniper Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CommScope Holding with a $34.38 average price target.
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The company has a one-year high of $41.60 and a one-year low of $26.29. Currently, CommScope Holding has an average volume of 1.75M.
Based on the recent corporate insider activity of 56 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 COMM in relation to earlier this year. Most recently, in May 2018, Frank Drendel, a Director at COMM bought 50,000 shares for a total of $427,500.
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CommScope Holding Co., Inc. engages in the provision of infrastructure solution for the core, access, and edge layers of communication networks. It operates through CommScope Connectivity Solutions (CCS), and CommScope Mobility Solutions (CMS) segments.
