Noble Financial analyst Ben Klieve maintained a Buy rating on IEC Electronics (NYSE: IEC) today and set a price target of $7.50. The company’s shares closed yesterday at $5.49.
According to TipRanks.com, Klieve is a 3-star analyst with an average return of 6.3% and a 62.1% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Albany International Corp, and CPI Aerostructures.
IEC Electronics has an analyst consensus of Moderate Buy, with a price target consensus of $7.75, implying a 41.2% upside from current levels. In a report released yesterday, Maxim Group also reiterated a Buy rating on the stock with a $8 price target.
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IEC Electronics’ market cap is currently $56.26M and has a P/E ratio of 28.89. The company has a Price to Book ratio of 3.49.
Based on the recent corporate insider activity of 10 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 IEC in relation to earlier this year.
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.
IEC Electronics Corp. provides electronic manufacturing services to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The firm specializes in the custom manufacture of high reliability, complex circuit cards, system level assemblies, a wide array of custom cable and wire harness assemblies, precision sheet metal products, and advanced research and testing services. Its newest business unit, Dynamic Research and Testing Laboratory, which specializes in the testing and detection of counterfeit electronic parts, as well as component risk mitigation and advanced failure analysis for counterfeit electronics parts. The manufacturing services include printed circuit board and complex system level assembly, cable and wire harness assembly through IEC Electronics Wire & Cable, Inc. and Southern California Braiding Co., Inc., and precision sheet metal fabrication though Celmet Co., Inc. The company was founded by Roger E. Main in 1966 and is headquartered in Newark, NY.
