Perceptron, Inc. (NASDAQ:PRCP) Given $8.00 Consensus Price Target by Brokerages

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 stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $8.00 for the company and are predicting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Perceptron an industry rank of 42 out of 255 based on the ratings given to related companies.

PRCP has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Perceptron from a “buy” rating to a “strong sell” rating in a research note on Thursday. B. Riley reduced their price objective on shares of Perceptron from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, September 9th.

A number of large investors have recently bought and sold shares of the business. Bailard Inc. purchased a new position in Perceptron during the 3rd quarter valued at about $92,000. Dalton Greiner Hartman Maher & Co. purchased a new position in Perceptron during the 3rd quarter valued at about $401,000. Jacobs Levy Equity Management Inc. purchased a new position in Perceptron during the 2nd quarter valued at about $45,000. Finally, Renaissance Technologies LLC increased its holdings in Perceptron by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 613,130 shares of the scientific and technical instruments company’s stock valued at $2,728,000 after acquiring an additional 13,531 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Shares of NASDAQ PRCP opened at $4.77 on Wednesday. Perceptron has a 52 week low of $3.56 and a 52 week high of $8.88. The firm has a 50-day moving average price of $4.65 and a 200 day moving average price of $4.82. The stock has a market capitalization of $44.18 million, a price-to-earnings ratio of 477.00 and a beta of 0.91.

Perceptron (NASDAQ:PRCP) last announced its quarterly earnings data on Wednesday, September 4th. The scientific and technical instruments company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). Perceptron had a negative net margin of 9.08% and a positive return on equity of 0.17%. The company had revenue of $18.20 million during the quarter, compared to analyst estimates of $16.52 million. Research analysts forecast that Perceptron will post 0.29 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.

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