Benchmark Co. analyst Mark Miller maintained a Buy rating on II-VI Inc (IIVI) today and set a price target of $57. The company’s shares closed yesterday at $37.27.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.2% and a 67.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for II-VI Inc with a $50.33 average price target, representing a 35.0% upside. In a report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $44 price target.
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II-VI Inc’s market cap is currently $2.37B and has a P/E ratio of 21.89. The company has a Price to Book ratio of 2.21.
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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.
