Zacks: Perceptron, Inc. (PRCP) Receives Consensus Rating of “Strong Buy” from Analysts
Shares of Perceptron, Inc. (NASDAQ:PRCP) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $12.00 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 38 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Perceptron from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st.
Perceptron (PRCP) traded up $0.29 during trading on Thursday, hitting $10.15. 148,209 shares of the stock traded hands, compared to its average volume of 37,791. The stock has a market cap of $94.39, a PE ratio of 24.88, a P/E/G ratio of 0.81 and a beta of 0.38. Perceptron has a 12-month low of $5.77 and a 12-month high of $10.44.
Perceptron (NASDAQ:PRCP) last posted its quarterly earnings data on Monday, November 6th. The scientific and technical instruments company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.23. The firm had revenue of $19.27 million for the quarter, compared to analysts’ expectations of $17.50 million. Perceptron had a net margin of 4.70% and a return on equity of 9.57%. equities research analysts forecast that Perceptron will post 0.41 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in PRCP. Renaissance Technologies LLC boosted its stake in shares of Perceptron by 6.5% during the 1st quarter. Renaissance Technologies LLC now owns 529,300 shares of the scientific and technical instruments company’s stock valued at $4,414,000 after purchasing an additional 32,100 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Perceptron during the 1st quarter valued at about $106,000. Algert Global LLC boosted its stake in shares of Perceptron by 40.0% during the 2nd quarter. Algert Global LLC now owns 82,460 shares of the scientific and technical instruments company’s stock valued at $600,000 after purchasing an additional 23,556 shares in the last quarter. Trent Capital Management Inc. NC bought a new stake in shares of Perceptron during the 2nd quarter valued at about $138,000. Finally, Royce & Associates LP boosted its stake in shares of Perceptron by 1.2% during the 2nd quarter. Royce & Associates LP now owns 868,830 shares of the scientific and technical instruments company’s stock valued at $6,325,000 after purchasing an additional 10,000 shares in the last quarter. 62.80% of the stock is currently owned by hedge funds and other institutional investors.
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Perceptron Company Profile
Perceptron, Inc develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software.
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