Orbotech Ltd (ORBK) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Orbotech Ltd (NASDAQ:ORBK) have earned an average recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $55.43.

ORBK has been the subject of several research reports. BidaskClub raised shares of Orbotech from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. ValuEngine lowered shares of Orbotech from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Needham & Company LLC upped their price target on shares of Orbotech from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Oppenheimer upped their price target on shares of Orbotech from $42.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $62.00 price target (up previously from $52.00) on shares of Orbotech in a research report on Monday, January 22nd.

Orbotech (ORBK) traded up $0.72 on Tuesday, reaching $54.15. 404,460 shares of the company’s stock traded hands, compared to its average volume of 466,384. The company has a quick ratio of 2.70, a current ratio of 3.37 and a debt-to-equity ratio of 0.06. The company has a market cap of $2,620.00, a PE ratio of 19.98, a P/E/G ratio of 0.88 and a beta of 0.75. Orbotech has a 1-year low of $28.36 and a 1-year high of $57.09.

Orbotech (NASDAQ:ORBK) last posted its earnings results on Wednesday, February 14th. The electronics maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Orbotech had a net margin of 14.69% and a return on equity of 15.98%. The business had revenue of $256.90 million for the quarter, compared to analysts’ expectations of $256.02 million. During the same quarter in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. research analysts forecast that Orbotech will post 3.25 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ORBK. Clal Insurance Enterprises Holdings Ltd increased its holdings in Orbotech by 533.1% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,339,617 shares of the electronics maker’s stock worth $117,542,000 after acquiring an additional 1,970,082 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Orbotech by 929.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,146,419 shares of the electronics maker’s stock worth $48,196,000 after acquiring an additional 1,035,068 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its holdings in Orbotech by 81.3% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,283,306 shares of the electronics maker’s stock worth $54,168,000 after acquiring an additional 575,307 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Orbotech by 200,797.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 562,512 shares of the electronics maker’s stock worth $28,261,000 after acquiring an additional 562,232 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Orbotech by 110.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,044,286 shares of the electronics maker’s stock worth $44,079,000 after acquiring an additional 546,909 shares in the last quarter. 68.53% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://stocknewstimes.com/2018/02/20/orbotech-ltd-orbk-receives-consensus-recommendation-of-buy-from-brokerages.html.

About Orbotech

Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

Analyst Recommendations for Orbotech (NASDAQ:ORBK)

Receive News & Ratings for Orbotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbotech and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply