Taser International Inc. (TASR) Rating Lowered to In-Line at Imperial Capital
Taser International Inc. (NASDAQ:TASR) was downgraded by equities researchers at Imperial Capital from an “outperform” rating to an “in-line” rating in a research note issued to investors on Friday. They currently have a $27.00 price objective on the stock. Imperial Capital’s target price would indicate a potential downside of 1.85% from the stock’s current price.
Several other research firms have also issued reports on TASR. Craig Hallum increased their target price on Taser International from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Ladenburg Thalmann reissued a “neutral” rating on shares of Taser International in a research note on Friday. Zacks Investment Research lowered Taser International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. JPMorgan Chase & Co. set a $31.00 target price on Taser International and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Vetr raised Taser International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $28.50.
Shares of Taser International (NASDAQ:TASR) opened at 27.51 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 94.86 and a beta of 0.32. The stock’s 50 day moving average price is $23.99 and its 200-day moving average price is $24.81. Taser International has a 52 week low of $13.56 and a 52 week high of $30.15.
Taser International (NASDAQ:TASR) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Taser International had a return on equity of 10.96% and a net margin of 6.63%. The business had revenue of $71.90 million for the quarter, compared to analyst estimates of $59 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company’s quarterly revenue was up 42.7% on a year-over-year basis. Equities analysts anticipate that Taser International will post $0.28 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new position in Taser International during the second quarter worth approximately $211,000. Capital Management Associates NY acquired a new position in Taser International during the second quarter worth approximately $251,000. Laurel Wealth Advisors Inc. acquired a new position in Taser International during the second quarter worth approximately $256,000. HighPoint Advisor Group LLC increased its position in Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock worth $306,000 after buying an additional 768 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Taser International by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,670 shares of the company’s stock worth $334,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.
Taser International Company Profile
TASER International, Inc is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution).
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