Stifel Nicolaus analyst Patrick Ho maintained a Buy rating on Electro Scientific (NASDAQ: ESIO) today and set a price target of $37. The company’s shares closed yesterday at $18.09.
According to TipRanks.com, Ho is a 5-star analyst with an average return of 16.3% and a 70.8% success rate. Ho covers the Consumer Goods sector, focusing on stocks such as Rudolph Technologies, Ichor Holdings Ltd, and Applied Materials.
Electro Scientific has an analyst consensus of Moderate Buy, with a price target consensus of $33.50.
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Electro Scientific’s market cap is currently $620.6M and has a P/E ratio of 30.15. The company has a Price to Book ratio of 3.25.
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Electro Scientific Industries, Inc. supplies laser-based manufacturing solutions for the microtechnology industry. It operates through the Component Processing and Michromachining business segments. The Component Processing segment offers interconnect products, semiconductor products and component products.
