Morgan Stanley analyst Meta Marshall maintained a Hold rating on II-VI Inc (IIVI) today and set a price target of $41. The company’s shares closed yesterday at $33.25, close to its 52-week low of $31.92.
According to TipRanks.com, Marshall is a 2-star analyst with an average return of 0.8% and a 62.5% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Lumentum Holdings, and Finisar Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for II-VI Inc with a $51.14 average price target.
See today’s analyst top recommended stocks >>
II-VI Inc’s market cap is currently $2.11B and has a P/E ratio of 23.49. The company has a Price to Book ratio of 2.03.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Joseph Corasanti, a Director at IIVI sold 40,120 shares for a total of $1,800,618.
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.
