Fanuc (OTCMKTS:FANUY) Sets New 1-Year High - Still a Buy?

Key Points

• Fanuc Corp. shares have reached a new 52-week high of $15.77, suggesting positive investor sentiment despite a recent downgrade from HSBC Global Research from "strong-buy" to "hold."
• The company's quarterly earnings exceeded expectations, posting $0.14 EPS against a consensus estimate of $0.13, with revenue slightly below estimates at $1.34 billion.
• Fanuc maintains an average analyst rating of "Buy", indicating that the overall market outlook remains positive despite the recent downgrade.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.77 and last traded at $15.49, with a volume of 45625 shares changing hands. The stock had previously closed at $15.33.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res downgraded 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, Fanuc has an average rating of "Buy".

Fanuc Price Performance

The stock has a 50 day simple moving average of $14.61 and a two-hundred day simple moving average of $13.60. The company has a market cap of $30.36 billion, a PE ratio of 27.11, a PEG ratio of 3.75 and a beta of 0.71.

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

Fanuc Company Profile

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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