In a report released today, Swayampakula Ramakanth from H.C. Wainwright maintained a Buy rating on Nanometrics Inc (NANO), with a price target of $25. The company’s shares opened today at $31.90.
Ramakanth observed:
“We maintain our Buy rating of NANO and our 12-month price target of €25.00 per share. We derive our price target based on a risk-adjusted NPV analysis of projected NBTXR3 revenues through 2029 assuming a 12.5% discount rate and 3% terminal growth rate. We derive an rNPV of €463M for the products and add in cash and cash equivalents of €33M to arrive at a 12-month price target of €24.63 per diluted share, which we round to €25.00. (1) clinical; (2) commercial; (3) financial; (4) partnership; and (5) intellectual property.”
According to TipRanks.com, Ramakanth has 0 stars on 0-5 star ranking scale with an average return of -6.9% and a 32.8% success rate. Ramakanth covers the Healthcare sector, focusing on stocks such as Diffusion Pharmaceuticals Inc, Gritstone Oncology Inc, and IntelGenx Technologies.
Currently, the analyst consensus on Nanometrics Inc is a Moderate Buy with an average price target of $36.
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Based on Nanometrics Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $12.02 million. In comparison, last year the company had a net profit of $16.38 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.
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Nanometrics, Inc. engages in the production of process control metrology and inspection systems used in the fabrication of semiconductors and other solid-state devices. The firm operates through the following geographical segments: South Korea; China; Singapore; United States; Taiwan; Japan; and Others.
