Needham analyst James Ricchiuti maintained a Buy rating on II-VI Inc (IIVI) yesterday and set a price target of $48. The company’s shares closed yesterday at $33.25, close to its 52-week low of $31.92.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 12.8% and a 59.5% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Electronics for Imaging, and Electro Scientific.
II-VI Inc has an analyst consensus of Strong Buy, with a price target consensus of $52.83, representing a 58.9% upside. In a report issued on November 1, Deutsche Bank 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 $2.41B and has a P/E ratio of 23.49. The company has a Price to Book ratio of 2.03.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Joseph Corasanti, a Director at IIVI sold 40,120 shares for a total of $1,800,618.
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.
