CommScope Holding Co. (NASDAQ:COMM) has been assigned a $40.00 target price by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Sunday. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 10.01% from the company’s current price.
COMM has been the subject of a number of other research reports. Jefferies Group reaffirmed a “buy” rating and set a $38.00 target price on shares of CommScope Holding in a report on Thursday, September 15th. Deutsche Bank AG reaffirmed a “buy” rating and set a $35.00 target price on shares of CommScope Holding in a report on Monday, September 19th. Morgan Stanley started coverage on shares of CommScope Holding in a report on Tuesday, September 20th. They set an “equal weight” rating and a $35.00 target price for the company. Zacks Investment Research lowered shares of CommScope Holding from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $36.00 target price on shares of CommScope Holding in a report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. CommScope Holding has an average rating of “Buy” and an average target price of $36.25.
Shares of CommScope Holding (NASDAQ:COMM) traded up 1.20% during midday trading on Friday, reaching $36.36. 1,760,450 shares of the company were exchanged. The firm has a market capitalization of $7012.72 billion, a P/E ratio of 77.36 and a beta of 1.20. The firm has a 50-day moving average of $32.70 and a 200 day moving average of $31.03. CommScope Holding has a 52 week low of $19.37 and a 52 week high of $36.56.
CommScope Holding (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.10. The company earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. CommScope Holding had a net margin of 1.91% and a return on equity of 35.24%. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. On average, equities research analysts expect that CommScope Holding will post $2.60 EPS for the current year.
In other CommScope Holding news, Director Timothy T. Yates purchased 5,000 shares of CommScope Holding stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of $34.87 per share, with a total value of $174,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Frank B. Wyatt II sold 18,900 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $34.72, for a total transaction of $656,208.00. The disclosure for this sale can be found here. 4.09% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Tiger Management L.L.C. boosted its stake in shares of CommScope Holding by 29.3% in the second quarter. Tiger Management L.L.C. now owns 800,134 shares of the company’s stock valued at $24,828,000 after buying an additional 181,200 shares in the last quarter. Corvex Management LP acquired a new stake in shares of CommScope Holding during the fourth quarter valued at about $102,315,000. BlackRock Advisors LLC boosted its stake in shares of CommScope Holding by 101.8% in the fourth quarter. BlackRock Advisors LLC now owns 54,426 shares of the company’s stock valued at $1,409,000 after buying an additional 27,461 shares in the last quarter. Columbus Circle Investors boosted its stake in shares of CommScope Holding by 42.6% in the second quarter. Columbus Circle Investors now owns 3,372,271 shares of the company’s stock valued at $104,642,000 after buying an additional 1,007,506 shares in the last quarter. Finally, Myriad Asset Management Ltd. acquired a new stake in shares of CommScope Holding during the fourth quarter valued at about $4,570,000.
CommScope Holding Company Profile