Shares of iRobot Co. (NASDAQ:IRBT) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $66.25.

IRBT has been the topic of several analyst reports. BidaskClub upgraded iRobot from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 18th. Bank of America cut iRobot from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $50.00 in a report on Thursday, October 24th. Citigroup decreased their price objective on iRobot from $85.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. ValuEngine upgraded iRobot from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, TheStreet cut iRobot from a “b-” rating to a “c+” rating in a report on Friday, October 4th.

NASDAQ:IRBT traded down $0.01 during trading hours on Tuesday, reaching $52.18. 1,360,986 shares of the company traded hands, compared to its average volume of 1,144,104. iRobot has a 1-year low of $42.41 and a 1-year high of $132.88. The firm’s 50-day moving average is $48.12 and its 200-day moving average is $60.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.98 and a quick ratio of 1.63. The stock has a market cap of $1.48 billion, a P/E ratio of 11.97, a P/E/G ratio of 2.73 and a beta of 1.49.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.70. iRobot had a return on equity of 15.85% and a net margin of 7.72%. The business had revenue of $289.40 million for the quarter, compared to analysts’ expectations of $259.31 million. During the same quarter last year, the firm earned $1.12 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that iRobot will post 2.67 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of iRobot by 6.7% in the 2nd quarter. BlackRock Inc. now owns 4,285,781 shares of the industrial products company’s stock worth $392,747,000 after buying an additional 267,663 shares during the period. Vanguard Group Inc. raised its position in shares of iRobot by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,792,541 shares of the industrial products company’s stock worth $255,908,000 after buying an additional 32,140 shares during the period. Invesco Ltd. raised its position in shares of iRobot by 1,217.3% in the 2nd quarter. Invesco Ltd. now owns 952,798 shares of the industrial products company’s stock worth $87,314,000 after buying an additional 880,468 shares during the period. Pictet Asset Management Ltd. raised its position in shares of iRobot by 63.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 951,396 shares of the industrial products company’s stock worth $58,673,000 after buying an additional 369,466 shares during the period. Finally, Northern Trust Corp raised its position in shares of iRobot by 1.5% in the 2nd quarter. Northern Trust Corp now owns 371,244 shares of the industrial products company’s stock worth $34,022,000 after buying an additional 5,389 shares during the period.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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Analyst Recommendations for iRobot (NASDAQ:IRBT)

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