iRobot (IRBT) – Analysts’ Weekly Ratings Changes

iRobot (NASDAQ: IRBT) recently received a number of ratings updates from brokerages and research firms:

  • 4/26/2018 – iRobot had its price target raised by analysts at JPMorgan Chase from $61.00 to $62.00. They now have a “neutral” rating on the stock.
  • 4/26/2018 – iRobot had its price target lowered by analysts at Canaccord Genuity from $65.00 to $63.00. They now have a “hold” rating on the stock.
  • 4/26/2018 – iRobot was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/26/2018 – iRobot was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “iRobot reported better-than-expected first-quarter 2018 results. Quarterly adjusted earnings of 66 cents per share surpassed the Zacks Consensus Estimate by 32%. The figure also came in 26.9% higher than the year-ago tally. The upside stemmed from sturdy demand for home-robotic products and the Robopolis acquisition. iRobot believes the ongoing marketing programs will continue to drive its revenue growth in the upcoming quarters. The company also intends to provide higher returns to its shareholders in the near term. However, over the past month, iRobot’s stock has underperformed and looks overvalued compared to the industry. Stiff business rivalry remains a cause of concern for the company.”
  • 4/20/2018 – iRobot was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 4/18/2018 – iRobot was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/18/2018 – iRobot was upgraded by analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating. They now have a $78.00 price target on the stock, up previously from $61.80.
  • 4/11/2018 – iRobot was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/29/2018 – iRobot was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of IRBT opened at $58.24 on Friday. iRobot has a 52-week low of $55.77 and a 52-week high of $109.78. The firm has a market capitalization of $1,660.33, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 13.28% and a net margin of 5.90%. The firm had revenue of $327.00 million during the quarter, compared to the consensus estimate of $319.02 million. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. equities research analysts expect that iRobot will post 2.28 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Elkfork Partners LLC bought a new position in iRobot in the 4th quarter valued at $209,000. Xact Kapitalforvaltning AB bought a new position in iRobot in the 4th quarter valued at $204,000. Disciplined Growth Investors Inc. MN raised its position in iRobot by 3.1% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 377,008 shares of the industrial products company’s stock valued at $28,917,000 after purchasing an additional 11,202 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in iRobot in the 4th quarter valued at $956,000. Finally, Municipal Employees Retirement System of Michigan raised its position in iRobot by 10.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 11,540 shares of the industrial products company’s stock valued at $885,000 after purchasing an additional 1,130 shares during the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.

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