Raymond James analyst Ric Prentiss assigned a Buy rating to Orbcomm (ORBC) today. The company’s shares closed last Friday at $5.66, close to its 52-week high of $6.10.
According to TipRanks.com, Prentiss is a 1-star analyst with an average return of 0.0% and a 67.3% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems, and Iridium Communications.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Orbcomm with a $7.50 average price target.
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The company has a one-year high of $6.10 and a one-year low of $1.24. Currently, Orbcomm has an average volume of 515.9K.
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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.
