Zacks: Perceptron Inc. (PRCP) Receives Average Rating of “Strong Buy” from Analysts
Perceptron Inc. (NASDAQ:PRCP) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $9.00 for the company and are predicting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Perceptron an industry rank of 56 out of 265 based on the ratings given to its competitors.
PRCP has been the subject of several recent analyst reports. Canaccord Genuity restated a “buy” rating and set a $8.00 target price on shares of Perceptron in a research report on Wednesday, August 31st. Zacks Investment Research upgraded Perceptron from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Thursday, November 10th.
Perceptron (NASDAQ:PRCP) traded up 0.30% during trading on Wednesday, reaching $6.65. The company’s stock had a trading volume of 17,178 shares. The company’s market cap is $62.36 million. Perceptron has a 52-week low of $4.18 and a 52-week high of $9.12. The stock has a 50-day moving average price of $6.23 and a 200 day moving average price of $5.66.
Perceptron (NASDAQ:PRCP) last posted its earnings results on Monday, November 7th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.18. Perceptron had a negative return on equity of 8.24% and a negative net margin of 31.24%. The business had revenue of $17.50 million for the quarter, compared to analysts’ expectations of $17.80 million. On average, analysts expect that Perceptron will post $0.15 EPS for the current year.
Several institutional investors have recently bought and sold shares of PRCP. Punch & Associates Investment Management Inc. boosted its position in Perceptron by 24.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 326,000 shares of the company’s stock worth $2,191,000 after buying an additional 64,000 shares during the last quarter. Penbrook Management LLC boosted its position in Perceptron by 3.7% in the third quarter. Penbrook Management LLC now owns 127,098 shares of the company’s stock worth $854,000 after buying an additional 4,500 shares during the last quarter. RBF Capital LLC boosted its position in Perceptron by 2.5% in the third quarter. RBF Capital LLC now owns 90,979 shares of the company’s stock worth $611,000 after buying an additional 2,259 shares during the last quarter. Ancora Advisors LLC boosted its position in Perceptron by 10.0% in the second quarter. Ancora Advisors LLC now owns 66,225 shares of the company’s stock worth $310,000 after buying an additional 6,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Perceptron during the first quarter worth about $246,000. Hedge funds and other institutional investors own 69.74% of the company’s stock.
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Perceptron, Inc (Perceptron) develops, produces and sells a range of automated industrial dimensional inspection and three-dimensional (3D) scanning products. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software.
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