Cowen & Co. Keeps Their Buy Rating on II-VI Inc (IIVI)


In a report released today, Paul Silverstein from Cowen & Co. reiterated a Buy rating on II-VI Inc (NASDAQ: IIVI), with a price target of $64. The company’s shares closed yesterday at $45.40.

According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 30.0% and a 65.5% success rate. Silverstein covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Applied Optoelectronics, and Acacia Communications.

II-VI Inc has an analyst consensus of Strong Buy, with a price target consensus of $52.80, a 16.3% upside from current levels. In a report issued on August 2, B.Riley FBR also maintained a Buy rating on the stock with a $49 price target.

.

See today’s analyst top recommended stocks >>

Based on II-VI Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $27.17 million. In comparison, last year the company had a net profit of $32.65 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts