Xcerra Corp. (NASDAQ:XCRA)‘s stock had its “buy” rating reissued by stock analysts at B. Riley in a note issued to investors on Monday. They presently have a $7.75 price target on the stock. B. Riley’s price target indicates a potential upside of 14.64% from the stock’s previous close.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Xcerra Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. Needham & Company LLC restated a “hold” rating on shares of Xcerra Corp. in a research note on Monday, October 17th. Finally, DA Davidson reaffirmed a “buy” rating and set a $10.00 price objective on shares of Xcerra Corp. in a report on Monday, August 29th.
Shares of Xcerra Corp. (NASDAQ:XCRA) traded down 2.51% during midday trading on Monday, hitting $6.59. The stock had a trading volume of 119,102 shares. The stock has a 50-day moving average of $5.97 and a 200 day moving average of $6.00. The stock has a market cap of $355.73 million, a PE ratio of 31.68 and a beta of 1.34. Xcerra Corp. has a 52 week low of $4.93 and a 52 week high of $7.60.
Xcerra Corp. (NASDAQ:XCRA) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm earned $91.23 million during the quarter, compared to analysts’ expectations of $91.76 million. Xcerra Corp. had a net margin of 4.03% and a return on equity of 0.96%. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Analysts anticipate that Xcerra Corp. will post $0.18 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in Xcerra Corp. by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,469,689 shares of the company’s stock valued at $9,582,000 after buying an additional 7,373 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Xcerra Corp. by 3.4% in the first quarter. Foundry Partners LLC now owns 331,130 shares of the company’s stock worth $2,159,000 after buying an additional 10,975 shares in the last quarter. Credit Suisse AG raised its stake in shares of Xcerra Corp. by 295.7% in the fourth quarter. Credit Suisse AG now owns 224,608 shares of the company’s stock worth $1,359,000 after buying an additional 167,850 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Xcerra Corp. by 44.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 241,103 shares of the company’s stock worth $1,459,000 after buying an additional 74,385 shares in the last quarter. Finally, Prospect Capital Advisors LLC bought a new stake in shares of Xcerra Corp. during the fourth quarter worth $3,895,000. 80.80% of the stock is owned by institutional investors.
About Xcerra Corp.