A statement released earlier today by Citigroup about MKS Instruments (NASDAQ:MKSI) bumps the target price to $59.00
- Updated: October 12, 2016
Stating a potential upside of 0.23%, Citigroup raised the target price of MKS Instruments (NASDAQ:MKSI) to $59.00
Boasting a price of $47.96, MKS Instruments (NASDAQ:MKSI) traded 1.44% higher on the day. With the last close up 12.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. MKS Instruments has recorded a 50-day average of $48.64 and a two hundred day average of $43.12. Trade Volume was down over the average, with 71,632 shares of MKSI changing hands under the typical 408,618
Recent Performance Chart
MKS Instruments has 52 week low of $29.00 and a 52 week high of $54.73 with a PE ratio of 31.82 and has a market capitalization of $0.
In addition to Citigroup reporting its stock price target, a total of 5 brokerages have issued a research note on the company. The average stock price target is $45.80 with 3 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 0 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On MKS Instruments (NASDAQ:MKSI)
MKS Instruments, Inc. (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other. The Company groups its products into three groups, including instruments, control and vacuum products; power and reactive gas products, and analytical solutions group products.
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