According to a note that was sent out to investors on Sunday, the Goldman Sachs Group raised its rating for Fanuc (OTCMKTS: FANUY) from “buy” to “conviction-buy.” This upgrade was reportedly made in the firm’s rating note. The Fly provided this information.
Several other analysts have provided their most recent commentary on FANUY recently. In a research note published on Thursday, July 28, Bernstein lowered their recommendation for the stock of Fanuc, moving it from “outperform” to “market perform.” Daiwa Capital Markets’s recommendation for Fanuc stock has been changed from “outperform” to “neutral” in a research note published on May 30. In a research note published on August 2, Fanuc stock received a rating change from “outperform” to “neutral,” in the research note compiled and distributed by Credit Suisse Group. The stock has been recommended to sell by one analyst, while a rating of hold has been assigned to it by five other analysts; one analyst has assigned a strong buy rating, and one analyst has assigned a strong sell rating. According to information from Bloomberg.com, the “Hold” rating shows that most people think the same thing about the company right now.
During the trading session on Friday, the price of OTCMKTS: FANUY dropped by $0.40, and it finally concluded the day at $14.60. 322,023 shares were traded, a sizeable increase from the stock’s typical volume of 248,063 shares. Fanuc’s one-year high is currently at $23.25, and its one-year low is currently at $14.25 at the time of this writing. The stock trades at a price-to-earnings ratio of 21.16, a price-to-growth ratio of 12.51, and a beta coefficient of 1.02. The company has a market capitalization of $29.48 billion. The stock price has reached $16.39, equal to its 50-day moving average and its $16.24 level on its 200-day moving average.
Fanuc (OTCMKTS: FANUY) released its most recent quarterly earnings report to the investing community on Wednesday, July 27. The manufacturer of industrial goods reported earnings of $0.17 per share for the quarter, consistent with the estimate reached by most analysts, which was $0.17 per share. Fanuc successfully obtained a return on equity of 10.21% and a net margin of 20.75% in their business. The corporation’s quarterly sales came in at $1.63 billion, significantly higher than the average prediction of $1.52 billion in revenue, which had been made for the company. Analysts on the sell side anticipate that Fanuc will earn $0.69 per share in the current fiscal year.
Customers can be found worldwide, including in China, the rest of Asia, the Americas, Europe, and Japan, who purchase industrial automation equipment from the Fanuc Corporation. Customers have access to a comprehensive selection of products, including but not limited to machines from the CNC series, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines, amongst many others.