In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on II-VI (IIVI), with a price target of $105.00. The company’s shares closed last Thursday at $59.91.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 25.2% and a 68.4% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Western Digital.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for II-VI with a $102.81 average price target, representing a 71.9% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $90.00 price target.
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II-VI’s market cap is currently $6.28B and has a P/E ratio of 35.70. The company has a Price to Book ratio of 9.18.
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II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following three segments: Laser Solutions, Photonics, and Performance Products. The Laser Solutions segment designs, manufactures, and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name. The Photonics segment manufactures crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communications networks and other diverse consumer, life sciences, and commercial applications. The Performance Products segment designs, manufactures, and markets infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications. The company was founded Carl J. Johnson in 1971 and is headquartered in 1971 and is headquartered in Saxonburg, PA.
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