Zacks: Analysts Set $2.45 Target Price for LightPath Technologies, Inc. (LPTH)
Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have earned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company. LightPath Technologies’ rating score has declined by 25.6% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus target price of $2.45 for the company and are expecting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given LightPath Technologies an industry rank of 39 out of 255 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on LPTH. Dougherty & Co cut shares of LightPath Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, Roth Capital set a $3.00 price objective on shares of LightPath Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 15th.
LightPath Technologies (NASDAQ:LPTH) last announced its earnings results on Thursday, September 13th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). LightPath Technologies had a net margin of 3.31% and a return on equity of 3.80%. equities research analysts predict that LightPath Technologies will post 0.07 earnings per share for the current fiscal year.
LightPath Technologies Company Profile
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
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