Fanuc (OTCMKTS:FANUY) Reaches New 1-Year High - What's Next?

Key Points

• Fanuc Corp. stock reached a new 52-week high of $15.95 before closing at $15.80, with 30,178 shares traded.
• HSBC Global Research downgraded Fanuc from a "strong-buy" to a "hold" rating, although the average market rating still remains a "Buy."
• For the recent quarter, Fanuc reported an EPS of $0.14, slightly beating the consensus estimate, with revenue of $1.34 billion.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $15.95 and last traded at $15.80, with a volume of 30178 shares trading hands. The stock had previously closed at $14.89.

Analysts Set New Price Targets

Separately, Hsbc Global Res downgraded shares of Fanuc from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Fanuc Price Performance

The stock has a market cap of $31.11 billion, a PE ratio of 27.78, a P/E/G ratio of 3.73 and a beta of 0.71. The firm's 50 day moving average price is $14.64 and its two-hundred day moving average price is $13.64.

Fanuc (OTCMKTS:FANUY - Get Free Report) last announced its earnings results on Friday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. Analysts anticipate that Fanuc Corp. will post 0.46 earnings per share for the current year.

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.

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