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Throughout the last three months, 5 analysts have evaluated Fabrinet (NYSE:FN), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 2 | 1 | 2 | 0 | 0 |
Last 30D | 0 | 0 | 1 | 0 | 0 |
1M Ago | 1 | 1 | 0 | 0 | 0 |
2M Ago | 0 | 0 | 0 | 0 | 0 |
3M Ago | 1 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Fabrinet, presenting an average target of $216.4, a high estimate of $230.00, and a low estimate of $200.00. Marking an increase of 1.44%, the current average surpasses the previous average price target of $213.33.
The analysis of recent analyst actions sheds light on the perception of Fabrinet by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
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Samik Chatterjee | JP Morgan | Raises | Neutral | $212.00 | $210.00 |
Alex Henderson | Needham | Lowers | Buy | $220.00 | $230.00 |
Tim Savageaux | Northland Capital Markets | Raises | Outperform | $220.00 | $200.00 |
Mike Genovese | Rosenblatt | Maintains | Buy | $230.00 | - |
Tim Savageaux | Northland Capital Markets | Announces | Market Perform | $200.00 | - |
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Fabrinet's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Fabrinet analyst ratings.
Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Fabrinet's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 6.59%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Fabrinet's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.7% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Fabrinet's ROE stands out, surpassing industry averages. With an impressive ROE of 4.4%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Fabrinet's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.33% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Fabrinet's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: FN