BidaskClub upgraded shares of Exponent (NASDAQ:EXPO) from a hold rating to a buy rating in a research note published on Thursday.
Several other analysts also recently issued reports on EXPO. Berenberg Bank began coverage on shares of Exponent in a report on Wednesday, September 12th. They set a buy rating for the company. Zacks Investment Research raised shares of Exponent from a hold rating to a buy rating and set a $55.00 price target for the company in a report on Monday, October 22nd. Finally, ValuEngine raised shares of Exponent from a sell rating to a hold rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $45.00.
NASDAQ EXPO opened at $49.81 on Thursday. The firm has a market cap of $2.59 billion, a P/E ratio of 41.51 and a beta of 0.61. Exponent has a 1 year low of $34.90 and a 1 year high of $54.58.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 6th. Exponent’s dividend payout ratio (DPR) is presently 48.60%.
In other Exponent news, VP Harri Kytomaa sold 3,000 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $51.50, for a total value of $154,500.00. Following the completion of the sale, the vice president now directly owns 6,090 shares of the company’s stock, valued at approximately $313,635. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Strs Ohio bought a new stake in Exponent in the 2nd quarter valued at $101,000. Fort L.P. bought a new stake in Exponent in the 2nd quarter valued at $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Exponent by 100.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,952 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,476 shares during the period. KBC Group NV bought a new stake in Exponent in the 2nd quarter valued at $150,000. Finally, Everence Capital Management Inc. bought a new stake in Exponent in the 3rd quarter valued at $217,000. 88.13% of the stock is owned by hedge funds and other institutional investors.
Exponent Company Profile
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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