Shares of II-VI, Inc. (NASDAQ:IIVI) have earned an average recommendation of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $49.89.

A number of analysts have commented on IIVI shares. BidaskClub upgraded II-VI from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. DA Davidson started coverage on II-VI in a research report on Tuesday, October 23rd. They issued a “buy” rating for the company. Zacks Investment Research cut II-VI from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. ValuEngine upgraded II-VI from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, B. Riley cut II-VI from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd.

In related news, VP David G. Wagner sold 2,317 shares of the stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $33.23, for a total transaction of $76,993.91. Following the completion of the sale, the vice president now owns 60,734 shares in the company, valued at $2,018,190.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. purchased a new stake in shares of II-VI during the fourth quarter worth about $34,000. Doyle Wealth Management purchased a new stake in shares of II-VI during the fourth quarter worth about $49,000. FNY Investment Advisers LLC purchased a new stake in shares of II-VI during the fourth quarter worth about $116,000. Tower Research Capital LLC TRC purchased a new stake in shares of II-VI during the second quarter worth about $128,000. Finally, Advisors Asset Management Inc. purchased a new stake in shares of II-VI during the fourth quarter worth about $130,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

IIVI traded up $0.32 during midday trading on Wednesday, reaching $37.33. The company had a trading volume of 33,006 shares, compared to its average volume of 894,386. The company has a quick ratio of 2.00, a current ratio of 3.17 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.26 and a beta of 0.84. II-VI has a 1 year low of $29.31 and a 1 year high of $50.75.

II-VI (NASDAQ:IIVI) last issued its quarterly earnings results on Thursday, January 31st. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. II-VI had a return on equity of 10.93% and a net margin of 8.81%. On average, equities analysts anticipate that II-VI will post 1.72 earnings per share for the current fiscal year.

II-VI Company Profile

II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates in three segments: II-VI Laser Solutions, II-VI Photonics, and II-VI Performance Products. The II-VI Laser Solutions segment offers optical and electro-optical components and materials primarily used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; direct diode laser modules, sub-systems, and systems; super-hard materials processing laser systems; and compound semiconductor epitaxial and gallium arsenide wafers.

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Analyst Recommendations for II-VI (NASDAQ:IIVI)

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