Entegris Upgraded by TheStreet to “Buy” (ENTG)
Entegris (NASDAQ:ENTG) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Entegris (ENTG) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Separately, analysts at Needham & Company initiated coverage on shares of Entegris in a research note to investors on Thursday, December 5th. They set a “buy” rating and a $13.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.67.
Entegris (NASDAQ:ENTG) opened at 10.87 on Friday. Entegris has a one year low of $8.70 and a one year high of $11.00. The stock has a 50-day moving average of $10.48 and a 200-day moving average of $9.96. The company has a market cap of $1.507 billion and a price-to-earnings ratio of 23.13.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. The company had revenue of $164.60 million for the quarter, compared to the consensus estimate of $175.13 million. During the same quarter last year, the company posted $0.16 earnings per share. Entegris’s revenue was down 10.7% compared to the same quarter last year. Analysts expect that Entegris will post $0.55 EPS for the current fiscal year.
Entegris, Inc is a global developer, manufacturer and supplier of products and materials used in processing and manufacturing in the semiconductor and other high-technology industries.
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