Maxim Group Keeps a Buy Rating on Control4 Corp

Maxim Group analyst Nehal Chokshi reiterated a Buy rating on Control4 Corp (NASDAQ: CTRL) today and set a price target of $36. The company’s shares closed yesterday at $24.23.

Chokshi said:

“Luxury housing data points & further Mar Q analysis give us confidence June quarter will track minimally to guidance, for 11th straight quarter. Certified CTRL showrooms that dealers are financing demonstrate a strong brand for CTRL… …That may enable higher ROICs over time, in our view (see page 2). Reiterating Buy rating and 12-month price target of $36 (see page 2).”

According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 18.7% and a 68.6% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Super Micro Computer, Palo Alto Networks, and Vuzix Corporation.

Control4 Corp has an analyst consensus of Strong Buy, with a price target consensus of $31.50.

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Control4 Corp’s market cap is currently $630.2M and has a P/E ratio of 40.38. The company has a Price to Book ratio of 3.83.

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Control4 Corp. engages in the provision of automation and control solutions. It offers networking systems to control lighting, entertainment, security, energy and other connected devices. The firm builds secure infrastructure to provide cloud-base services which includes remote customer system access.