4 days ago
Fanuc Corporation (6954) Gets a Buy from Morgan Stanley
Morgan Stanley analyst Yoshinao Ibara maintained a Buy rating on Fanuc Corporation (6954 – Research Report) yesterday and set a price target of Yen5,400.00. The company's shares closed yesterday at Yen3,913.00.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fanuc Corporation with a Yen4,655.00 average price target, implying a 18.96% upside from current levels. In a report released on June 23, Bernstein also reiterated a Buy rating on the stock with a Yen5,400.00 price target.
Based on Fanuc Corporation's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of Yen197.05 billion and a net profit of Yen32.86 billion. In comparison, last year the company earned a revenue of Yen197.83 billion and had a net profit of Yen34.4 billion
