Benchmark Co. analyst Mark Miller reiterated a Buy rating on II-VI Inc (NASDAQ: IIVI) today and set a price target of $52. The company’s shares closed yesterday at $45.40.
According to TipRanks.com, Miller is a top 25 analyst with an average return of 26.1% and a 73.1% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
II-VI Inc has an analyst consensus of Strong Buy, with a price target consensus of $52.80, implying 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.
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II-VI Inc’s market cap is currently $2.84B and has a P/E ratio of 31.97. The company has a Price to Book ratio of 2.79.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
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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.
