FANUC (OTCMKTS:FANUY) Raised to “Strong-Buy” at UBS Group

FANUC (OTCMKTS:FANUY) was upgraded by equities research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

FANUC Trading Up 3.0%

Shares of FANUC stock opened at $13.49 on Tuesday. The firm has a market capitalization of $26.86 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65. FANUC has a 12 month low of $10.54 and a 12 month high of $15.50. The business’s 50-day moving average price is $12.96 and its 200-day moving average price is $13.55.

FANUC (OTCMKTS:FANUY) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $206.15 billion. FANUC had a return on equity of 7.98% and a net margin of 17.59%. As a group, analysts predict that FANUC will post 0.46 earnings per share for the current fiscal year.

About FANUC

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.