II-VI Inc Receives a Rating Update from a Top Analyst

Benchmark Co. analyst Mark Miller maintained a Buy rating on II-VI Inc (NASDAQ: IIVI) today and set a price target of $48. The company’s shares opened today at $42.60.

According to TipRanks.com, Miller is a top 25 analyst with an average return of 27.9% and a 72.9% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Ipg Photonics Corp, and Nanometrics Inc.

Currently, the analyst consensus on II-VI Inc is Strong Buy and the average price target is $51.29, representing a 20.4% upside.

In a report released yesterday, B.Riley FBR also maintained a Buy rating on the stock with a $54 price target.

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II-VI Inc’s market cap is currently $2.69B and has a P/E ratio of 30.35. The company has a book value ratio of 2.7885.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Vincent Mattera, the President & CEO of IIVI sold 8,000 shares for a total of $378,720.

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. It operates through the following segments: Laser Solutions, Photonics, and Performance Products. The Laser Solutions segment supply a range of precision infrared opto-electronic components such as lenses, output couplers, windows and scan-lenses for carbon dioxide lasers. The Photonics segment manufactures laser gain materials, optics, optical components and optical module assemblies for optical communications, laser systems, and photonic applications in the medical, life science, industrial, scientific and research and development industry. The Performance Products segment provides optics, and optical sub-assemblies for visible, and infrared systems including thermal imaging, night vision, laser designation, missile warning, targeting and navigation systems such as missile domes, electro-optical windows, and sub-assemblies, imaging lenses, ultra violet filter assemblies, laser cavity optics, and prisms and other optical components. The company was founded Carl J. Johnson in 1971 and is headquartered in 1971 and is headquartered in Saxonburg, PA.