Exponent (NASDAQ:EXPO) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, February 5th.
Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald upped their target price on Exponent to $82.00 and gave the company an “overweight” rating in a report on Thursday, October 19th. SunTrust Banks restated a “hold” rating and issued a $77.00 price objective on shares of Exponent in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $82.67.
Shares of Exponent (NASDAQ:EXPO) opened at $72.10 on Monday. Exponent has a 1-year low of $56.43 and a 1-year high of $78.39. The firm has a market cap of $1,860.00, a PE ratio of 47.12 and a beta of 0.72.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. Exponent had a net margin of 11.88% and a return on equity of 17.81%. The company had revenue of $82.72 million during the quarter, compared to the consensus estimate of $80.27 million. During the same period in the prior year, the company earned $0.39 EPS. Exponent’s revenue was up 13.7% on a year-over-year basis. research analysts predict that Exponent will post 2.41 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in shares of Exponent by 15.4% in the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 284 shares during the period. Amalgamated Bank boosted its position in shares of Exponent by 5.1% in the second quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 171 shares during the period. Trexquant Investment LP bought a new stake in shares of Exponent in the third quarter valued at approximately $224,000. Cubist Systematic Strategies LLC bought a new stake in shares of Exponent in the third quarter valued at approximately $242,000. Finally, Stifel Financial Corp bought a new position in Exponent in the third quarter worth $249,000. 88.97% of the stock is owned by institutional investors.
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Exponent Company Profile
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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