Brokerages Set $13.00 Target Price for Perceptron, Inc. (PRCP)

Shares of Perceptron, Inc. (NASDAQ:PRCP) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $13.00 for the company and are expecting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 57 out of 256 based on the ratings given to its competitors.

PRCP has been the topic of several recent analyst reports. ValuEngine raised Perceptron from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. B. Riley initiated coverage on Perceptron in a research note on Thursday, December 20th. They issued a “buy” rating and a $13.00 price objective on the stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its stake in Perceptron by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 287,783 shares of the scientific and technical instruments company’s stock worth $2,806,000 after acquiring an additional 3,100 shares during the last quarter. Renaissance Technologies LLC increased its stake in Perceptron by 2.5% in the 3rd quarter. Renaissance Technologies LLC now owns 606,100 shares of the scientific and technical instruments company’s stock worth $5,909,000 after acquiring an additional 15,000 shares during the last quarter. PEAK6 Investments LLC bought a new stake in Perceptron in the 3rd quarter worth approximately $130,000. Quantum Capital Management increased its stake in Perceptron by 32.6% in the 3rd quarter. Quantum Capital Management now owns 119,990 shares of the scientific and technical instruments company’s stock worth $1,170,000 after acquiring an additional 29,475 shares during the last quarter. Finally, Simplex Trading LLC increased its stake in Perceptron by 37,122.0% in the 3rd quarter. Simplex Trading LLC now owns 18,611 shares of the scientific and technical instruments company’s stock worth $181,000 after acquiring an additional 18,561 shares during the last quarter. 70.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of PRCP opened at $8.41 on Monday. The company has a market cap of $77.77 million, a P/E ratio of 21.72 and a beta of 0.66. Perceptron has a 12-month low of $6.75 and a 12-month high of $12.25.

Perceptron (NASDAQ:PRCP) last issued its earnings results on Wednesday, November 7th. The scientific and technical instruments company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. The company had revenue of $21.44 million for the quarter. Perceptron had a return on equity of 7.55% and a net margin of 3.51%. On average, equities analysts forecast that Perceptron will post 0.56 earnings per share for the current fiscal year.

About Perceptron

Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.

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