Analysts Set $17.00 Target Price for Clearfield Inc (CLFD)

Clearfield Inc (NASDAQ:CLFD) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $17.00 for the company and are forecasting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Clearfield an industry rank of 16 out of 256 based on the ratings given to its competitors.

Several research firms have recently issued reports on CLFD. Zacks Investment Research cut shares of Clearfield from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. TheStreet cut shares of Clearfield from a “b” rating to a “c+” rating in a report on Friday, April 26th. Finally, ValuEngine upgraded shares of Clearfield from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th.

Clearfield stock opened at $14.40 on Monday. The company has a market capitalization of $190.07 million, a PE ratio of 45.00 and a beta of 1.64. Clearfield has a 12-month low of $8.41 and a 12-month high of $16.75.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $19.08 million during the quarter, compared to the consensus estimate of $19.00 million. Clearfield had a net margin of 6.03% and a return on equity of 7.22%. On average, analysts anticipate that Clearfield will post 0.3 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Clearfield by 0.5% during the fourth quarter. BlackRock Inc. now owns 818,955 shares of the communications equipment provider’s stock worth $8,124,000 after buying an additional 3,920 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Clearfield by 8.6% during the third quarter. Vanguard Group Inc. now owns 487,386 shares of the communications equipment provider’s stock worth $6,556,000 after buying an additional 38,600 shares in the last quarter. Vanguard Group Inc boosted its holdings in Clearfield by 8.6% during the third quarter. Vanguard Group Inc now owns 487,386 shares of the communications equipment provider’s stock worth $6,556,000 after buying an additional 38,600 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Clearfield by 123.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,917 shares of the communications equipment provider’s stock worth $88,000 after buying an additional 4,935 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Clearfield by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 111,925 shares of the communications equipment provider’s stock worth $1,110,000 after buying an additional 5,110 shares in the last quarter. Hedge funds and other institutional investors own 29.32% of the company’s stock.

Clearfield Company Profile

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.

Recommended Story: What is the 52-week high/low?

Get a free copy of the Zacks research report on Clearfield (CLFD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Clearfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearfield and related companies with MarketBeat.com's FREE daily email newsletter.