Fabrinet (FN) Gets a Hold Rating from Northland Securities


Northland Securities analyst Tim Savageaux maintained a Hold rating on Fabrinet (FN) today and set a price target of $47.50. The company’s shares closed on Friday at $49.67.

According to TipRanks.com, Savageaux is a 2-star analyst with an average return of 0.5% and a 45.7% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.

Currently, the analyst consensus on Fabrinet is a Moderate Buy with an average price target of $59.40.

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Based on Fabrinet’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $28.64 million. In comparison, last year the company had a net profit of $22.77 million.

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Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm’s engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system.

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