Fanuc (OTCMKTS:FANUY) Reaches New 1-Year High - Should You Buy?

Key Points

• Fanuc Corp. shares reached a new 52-week high of $15.50, closing at $15.23 with a trading volume of 29,028 shares.
• UBS Group upgraded Fanuc from a "hold" to a "strong-buy" rating, while HSBC Global Research downgraded it from "strong-buy" to "hold" in recent reports.
• In its latest quarterly earnings, Fanuc reported $0.14 earnings per share, beating expectations, with a revenue of $1.34 billion.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.50 and last traded at $15.23, with a volume of 29028 shares. The stock had previously closed at $14.89.

Analysts Set New Price Targets

Several research firms have weighed in on FANUY. Hsbc Global Res cut Fanuc from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 6th. UBS Group raised Fanuc from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 20th.

Fanuc Price Performance

The business has a 50 day moving average of $13.72 and a 200 day moving average of $13.63. The firm has a market capitalization of $30.75 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 4.32 and a beta of 0.65.

Fanuc (OTCMKTS:FANUY - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Fanuc had a return on equity of 9.10% and a net margin of 19.62%. On average, sell-side analysts forecast that Fanuc Corp. will post 0.46 EPS for the current fiscal 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.