In a report released today, Tim Savageaux from Northland Securities maintained a Hold rating on Fabrinet (FN), with a price target of $44. The company’s shares closed last Monday at $56.46.
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 2.9% and a 50.6% 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.
Fabrinet has an analyst consensus of Moderate Buy, with a price target consensus of $58.75.
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Fabrinet’s market cap is currently $2.08B and has a P/E ratio of 18.75. The company has a Price to Book ratio of 2.51.
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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.