Orbcomm (ORBC) Receives a Buy from Raymond James

In a report released today, Ric Prentiss from Raymond James maintained a Buy rating on Orbcomm (ORBC). The company’s shares closed last Thursday at $11.45, close to its 52-week high of $11.55.

According to TipRanks.com, Prentiss is a 4-star analyst with an average return of 4.7% and a 68.3% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems, and Iridium Communications.

Orbcomm has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.

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The company has a one-year high of $11.55 and a one-year low of $2.32. Currently, Orbcomm has an average volume of 2.41M.

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ORBCOMM, Inc. engages in the provision of network connectivity, devices, device management, and web reporting applications. Its products are designed to track, monitor, control and enhance security for a variety of assets, such as heavy equipment; fixed asset monitoring; government and homeland security; and in industries for manufacturing, warehousing, and supply chain management. It operates through the following geographical segments: United States, South America, Japan, Europe, and Other. The company was founded on April 4, 2001 and is headquartered in Rochelle Park, NJ.

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