RADA Electronic Industries (NASDAQ:RADA) PT Lowered to $14.00 at Canaccord Genuity Group

RADA Electronic Industries (NASDAQ:RADA) had its price objective trimmed by Canaccord Genuity Group from $16.00 to $14.00 in a report published on Wednesday, Stock Target Advisor reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered RADA Electronic Industries from a buy rating to a hold rating in a research report on Saturday, January 8th. Canaccord Genuity Group cut their price target on RADA Electronic Industries from $16.00 to $14.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Alliance Global Partners cut their price target on RADA Electronic Industries from $16.00 to $14.00 in a research note on Thursday, January 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $14.57.

Shares of NASDAQ:RADA opened at $9.39 on Wednesday. RADA Electronic Industries has a 52-week low of $8.20 and a 52-week high of $14.80. The firm has a market capitalization of $462.55 million, a P/E ratio of 20.41 and a beta of 0.96. The stock has a 50 day moving average price of $9.63 and a 200-day moving average price of $10.69.

RADA Electronic Industries (NASDAQ:RADA) last announced its earnings results on Wednesday, November 3rd. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. RADA Electronic Industries had a return on equity of 18.38% and a net margin of 21.05%. The firm had revenue of $32.00 million during the quarter, compared to analyst estimates of $33.00 million. During the same quarter in the prior year, the company earned $0.05 EPS. On average, analysts forecast that RADA Electronic Industries will post 0.55 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Total Clarity Wealth Management Inc. purchased a new stake in RADA Electronic Industries during the 3rd quarter valued at $76,000. Lazard Asset Management LLC boosted its stake in RADA Electronic Industries by 45.6% during the 2nd quarter. Lazard Asset Management LLC now owns 8,934 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 2,798 shares during the last quarter. Barclays PLC boosted its stake in RADA Electronic Industries by 63.0% during the 3rd quarter. Barclays PLC now owns 16,198 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 6,263 shares during the last quarter. PDT Partners LLC purchased a new stake in RADA Electronic Industries during the 2nd quarter valued at $183,000. Finally, Van ECK Associates Corp boosted its stake in RADA Electronic Industries by 87.0% during the 2nd quarter. Van ECK Associates Corp now owns 17,756 shares of the aerospace company’s stock valued at $216,000 after purchasing an additional 8,261 shares during the last quarter. Institutional investors and hedge funds own 55.47% of the company’s stock.

About RADA Electronic Industries

Rada Electronic Industries Ltd. Operates as a defense technology company. It develops, manufactures and sells defense electronics, including avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data/video recording and management systems and tactical land-based radars for defense forces and for border protection systems.

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Analyst Recommendations for RADA Electronic Industries (NASDAQ:RADA)

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