Zacks Investment Research downgraded Fabrinet (NYSE:FN) to Hold in a report released today.
- Updated: September 17, 2016
Zacks Investment Research has downgraded Fabrinet(NYSE:FN) to Hold in a statement released on 8/18/2016.
On 8/16/2016, JP Morgan released a statement for Fabrinet(NYSE:FN) upped the target price from $42.00 to $48.00 that indicated a possible upside of 0.20%.
Showing a price of $39.99, Fabrinet (NYSE:FN) traded 1.32% higher on the day. The last stock close is up 23.45% from the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the same period. The company has been tracking to a 50-day moving average of $39.23 and 200-day moving average of $34.93. Trading volume was was up over the average, with 1,175,723 shares of FN changing hands over the typical 521,562 shares.
Recent Performance Chart:
Fabrinet has a 52 week low of $17.88 and a 52 week high of $45.01 with a PE ratio of 26 and has a total market value of $0.0.
Also covering Fabrinet’s price target, a total of 6 brokers have issued a report on the company. The 12-month target is $34.17 with one firm rating the stock a strong buy, five firms rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 brokeragesrating the company as sell.
About Fabrinet (NYSE:FN)
Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test. The Company’s customer base includes companies in industries that require precision manufacturing capabilities, such as optical communications, industrial lasers, automotive, medical and sensors. Its customers in these industries support end-markets, including automotive, biotechnology, communications, materials processing, medical devices, and metrology and semiconductor processing.
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