Hexagon AB (publ) (OTCMKTS:HXGBY) Issues Quarterly Earnings Results

Hexagon AB (publ) (OTCMKTS:HXGBY – Get Rating) released its earnings results on Monday. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12, Yahoo Finance reports. The company had revenue of $1.43 billion during the quarter.

Hexagon AB (publ) Stock Down 2.5 %

Hexagon AB (publ) stock traded down $0.30 during mid-day trading on Wednesday, reaching $11.41. 71,749 shares of the stock traded hands, compared to its average volume of 94,263. Hexagon AB has a 12-month low of $8.49 and a 12-month high of $14.84. The business’s 50-day moving average is $11.16 and its 200-day moving average is $10.66.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays dropped their target price on Hexagon AB (publ) from SEK 105 to SEK 100 and set an “underweight” rating on the stock in a report on Thursday, October 6th. Bryan, Garnier & Co started coverage on Hexagon AB (publ) in a report on Wednesday, December 14th. They set a “sell” rating and a SEK 100 price target on the stock. JPMorgan Chase & Co. lowered their price target on Hexagon AB (publ) from SEK 130 to SEK 107 in a report on Monday, October 24th. Morgan Stanley lowered their price target on Hexagon AB (publ) from SEK 107 to SEK 103 and set an “underweight” rating on the stock in a report on Friday, October 14th. Finally, Berenberg Bank downgraded Hexagon AB (publ) from a “buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Hexagon AB (publ) currently has an average rating of “Hold” and a consensus target price of $112.83.

About Hexagon AB (publ)

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Hexagon AB engages in the provision of sensor, software, and autonomous solutions. It operates through the Industrial Enterprise Solutions (IES), and Geospatial Enterprise Solutions (GES) segments. The IES segment is composed of metrology systems that incorporate the latest in sensor technology for fast and accurate measurements, as well as CAD and CAM software.