Nova Measuring (NVMI) Receives a Rating Update from a Top Analyst


In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Nova Measuring (NVMI), with a price target of $35. The company’s shares closed yesterday at $27.39.

Miller said:

“We see 2H19 improvements and a cyclical rebound in 2020 driving non-GAAP earnings from $1.49 per diluted share in 2019 to $2.01 per diluted share in 2020. As such, we remain at $35 target price.”

According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.2% and a 67.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nova Measuring with a $34 average price target, a 24.1% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $33 price target.

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Nova Measuring’s market cap is currently $764.7M and has a P/E ratio of 14.10. The company has a Price to Book ratio of 2.72.

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Nova Measuring Instruments Ltd. providing metrology solutions for the semiconductor manufacturing industry. It offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment.

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