Taser International Inc. (TASR) Lifted to “Buy” at Zacks Investment Research
Taser International Inc. (NASDAQ:TASR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $31.00 price objective on the stock. Zacks Investment Research’s price objective points to a potential upside of 11.59% from the company’s current price.
According to Zacks, “Taser International, Inc. develops, assembles and markets less-lethal, conducted energy weapons primarily for use in the law enforcement and corrections market. Its advanced Taser weapon offers improved performance over other less-lethal force options used by law enforcement agencies. It can temporarily incapacitate virtually any individual regardless of pain tolerance, drug use, or body size – factors that cause other less-lethal options to have decreased effectiveness. The advanced Taser also has a comparable or lower injury rate than other less-lethal weapons. “
A number of other research analysts have also weighed in on TASR. Ladenburg Thalmann restated a “buy” rating and set a $31.00 price objective (up previously from $28.00) on shares of Taser International in a research report on Friday, August 5th. JPMorgan Chase & Co. set a $31.00 price target on Taser International and gave the stock a “buy” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Taser International in a research report on Friday, October 7th. Vetr upgraded Taser International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 12th. Finally, Imperial Capital started coverage on Taser International in a research report on Friday, October 14th. They issued an “outperform” rating and a $27.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Taser International currently has a consensus rating of “Buy” and a consensus price target of $29.00.
Shares of Taser International (NASDAQ:TASR) opened at 27.78 on Wednesday. The firm has a 50-day moving average price of $23.97 and a 200-day moving average price of $24.87. Taser International has a 52 week low of $13.56 and a 52 week high of $30.15. The firm has a market cap of $1.45 billion, a PE ratio of 95.79 and a beta of 0.32.
Taser International (NASDAQ:TASR) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The firm earned $71.90 million during the quarter, compared to analyst estimates of $59 million. Taser International had a return on equity of 10.96% and a net margin of 6.63%. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. On average, equities research analysts predict that Taser International will post $0.32 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the company. Private Trust Co. NA purchased a new stake in shares of Taser International during the second quarter valued at about $211,000. Capital Management Associates NY bought a new stake in Taser International during the second quarter valued at $251,000. Laurel Wealth Advisors Inc. bought a new stake in Taser International during the second quarter valued at $256,000. HighPoint Advisor Group LLC increased its stake in Taser International by 7.8% in the second quarter. HighPoint Advisor Group LLC now owns 10,668 shares of the company’s stock valued at $306,000 after buying an additional 768 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake 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 valued at $334,000 after buying an additional 190 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.
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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