.png "Fabrinet (NYSE: FN)")
In a report released today, Dave Kang from B.Riley FBR maintained a Buy rating on Fabrinet (NYSE: FN), with a price target of $52. The company’s shares opened today at $47.90, close to its 52-week high of $48.20.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 18.1% and a 66.3% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fabrinet with a $45.50 average price target, a -5.0% downside from current levels. In a report released today, Piper Jaffray also reiterated a Buy rating on the stock with a $52 price target.
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The company has a one-year high of $48.20 and a one-year low of $24.02. Currently, Fabrinet has an average volume of 312.6K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Toh-Seng Ng, the CFO of FN sold 27,188 shares for a total of $1,003,509.
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.
Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm’s engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system.
