Susquehanna analyst Mehdi Hosseini initiated coverage with a Hold rating on National Instruments Corp (NATI) today and set a price target of $40.00. The company’s shares closed last Monday at $40.95.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.6% and a 50.7% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for National Instruments Corp with a $40.00 average price target.
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The company has a one-year high of $51.00 and a one-year low of $38.01. Currently, National Instruments Corp has an average volume of 587.9K.
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National Instruments Corp. designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. It provides application software and modular, multifunction hardware that users combine with industry-standard computers, networks and third party devices to create measurement, automation and embedded systems, which refer as virtual instruments. The company was founded by Jeffrey L. Kodosky and James J. Truchard in May 1976 and is headquartered in Austin, TX.
