Maxim Group analyst Nehal Chokshi reiterated a Buy rating on Control4 Corp (CTRL) today and set a price target of $31. The company’s shares closed yesterday at $17.89, close to its 52-week low of $15.59.
Chokshi observed:
“Channel check data points, new products forthcoming, seasonality analysis, and weak dealer adds anniversarying give us a high degree of confidence Mar Q will represent a bottom in y/y growth for CTRL. of FCF in CY18 returned to shareholders via share buybacks, we believe CTRL is priced at a very attractive entry point for a strongly positioned secular growth story. Reiterating Buy rating and 12-month price target of $31.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 12.9% and a 61.8% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Control4 Corp has an analyst consensus of Moderate Buy, with a price target consensus of $27.40, representing a 53.2% upside. In a report issued on February 5, Roth Capital also maintained a Buy rating on the stock with a $24 price target.
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Control4 Corp’s market cap is currently $474.4M and has a P/E ratio of 11.21. The company has a Price to Book ratio of 2.30.
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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.
