B.Riley FBR analyst Dave Kang reiterated a Buy rating on II-VI Inc (NASDAQ: IIVI) yesterday and set a price target of $54. The company’s shares closed yesterday at $45.40.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 17.8% and a 62.2% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.
II-VI Inc has an analyst consensus of Strong Buy, with a price target consensus of $54.60, which is a 20.3% upside from current levels. In a report issued on July 23, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $57 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.
