Zacks: Analysts Set $10.00 Price Target for Perceptron, Inc. (NASDAQ:PRCP)

Shares of Perceptron, Inc. (NASDAQ:PRCP) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $10.00 for the company and are expecting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 241 out of 256 based on the ratings given to its competitors.

Several equities analysts have commented on the company. ValuEngine downgraded Perceptron from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. TheStreet downgraded Perceptron from a “b-” rating to a “c” rating in a research report on Monday, May 13th. Zacks Investment Research downgraded Perceptron from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. Finally, B. Riley set a $10.00 price target on Perceptron and gave the stock a “buy” rating in a research report on Monday, May 13th.

Several institutional investors and hedge funds have recently bought and sold shares of PRCP. Vanguard Group Inc grew its position in shares of Perceptron by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 287,783 shares of the scientific and technical instruments company’s stock worth $2,806,000 after buying an additional 3,100 shares in the last quarter. Quantum Capital Management grew its position in shares of Perceptron by 14.9% during the 4th quarter. Quantum Capital Management now owns 137,877 shares of the scientific and technical instruments company’s stock worth $1,124,000 after buying an additional 17,887 shares in the last quarter. Penbrook Management LLC grew its position in shares of Perceptron by 8.7% during the 1st quarter. Penbrook Management LLC now owns 173,993 shares of the scientific and technical instruments company’s stock worth $1,305,000 after buying an additional 13,950 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Perceptron by 3.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 585,644 shares of the scientific and technical instruments company’s stock worth $4,392,000 after buying an additional 19,060 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Perceptron by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 599,599 shares of the scientific and technical instruments company’s stock worth $4,497,000 after buying an additional 2,199 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Perceptron stock opened at $4.46 on Wednesday. The firm has a market capitalization of $42.90 million, a price-to-earnings ratio of 11.44 and a beta of 1.05. Perceptron has a 52 week low of $4.28 and a 52 week high of $12.25.

Perceptron (NASDAQ:PRCP) last announced its quarterly earnings data on Thursday, May 9th. The scientific and technical instruments company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.13). The business had revenue of $15.63 million during the quarter, compared to the consensus estimate of $18.40 million. Perceptron had a net margin of 2.61% and a return on equity of 3.45%. On average, equities research analysts expect that Perceptron will post 0.13 earnings per share for the current fiscal year.

Perceptron Company Profile

Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.

Further Reading: Equal Weight Rating

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