After Maxim Group and Needham gave Control4 Corp (NASDAQ: CTRL) a Buy rating last month, the company received another Buy, this time from Imperial Capital. Analyst Saliq Khan maintained a Buy rating on Control4 Corp today and set a price target of $32. The company’s shares opened today at $29.70.
Khan said:
“We are maintaining our Outperform rating and raising our one-year price target to $32 from $30 on CTRL shares, about 22% above the recent share price. We continue to remain confident in management’s ability to improve margin and revenue growth and pursue strategic acquisitions. We are raising our estimates to better reflect management’s FY18 guidance and long-term growth outlook; see Figure 1.”
According to TipRanks.com, Khan is ranked #3996 out of 4853 analysts.
Control4 Corp has an analyst consensus of Strong Buy, with a price target consensus of $32.40, a 9.1% upside from current levels. In a report released today, Maxim Group also maintained a Buy rating on the stock with a $36 price target.
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Control4 Corp’s market cap is currently $683M and has a P/E ratio of 43.77. The company has a Price to Book ratio of 4.16.
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Control4 Corp. engages in the provision of automation and control solutions. It offers networking systems to control lighting, entertainment, security, energy and other connected devices. The firm builds secure infrastructure to provide cloud-base services which includes remote customer system access.
