Perceptron, Inc. (PRCP) Receives Consensus Rating of “Strong Buy” from Analysts

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Perceptron, Inc. (NASDAQ:PRCP) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $13.00 for the company and are expecting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 28 out of 256 based on the ratings given to its competitors.

Several analysts have recently weighed in on PRCP shares. ValuEngine upgraded shares of Perceptron from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. B. Riley started coverage on shares of Perceptron in a research report on Thursday, December 20th. They set a “buy” rating and a $13.00 price objective on the stock.

NASDAQ PRCP traded up $0.08 on Tuesday, hitting $8.53. The stock had a trading volume of 2,366 shares, compared to its average volume of 3,804. Perceptron has a 52-week low of $6.75 and a 52-week high of $12.25. The stock has a market capitalization of $82.04 million, a PE ratio of 23.69 and a beta of 0.66.

Perceptron (NASDAQ:PRCP) last posted its earnings results on Wednesday, November 7th. The scientific and technical instruments company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The business had revenue of $21.44 million for the quarter. Perceptron had a net margin of 3.51% and a return on equity of 7.55%. On average, analysts forecast that Perceptron will post 0.56 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of PRCP. Essex Investment Management Co. LLC raised its position in Perceptron by 47.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 98,356 shares of the scientific and technical instruments company’s stock worth $959,000 after purchasing an additional 31,444 shares during the period. Quantum Capital Management raised its position in Perceptron by 32.6% in the 3rd quarter. Quantum Capital Management now owns 119,990 shares of the scientific and technical instruments company’s stock worth $1,170,000 after purchasing an additional 29,475 shares during the period. Simplex Trading LLC grew its holdings in Perceptron by 37,122.0% in the 3rd quarter. Simplex Trading LLC now owns 18,611 shares of the scientific and technical instruments company’s stock worth $181,000 after acquiring an additional 18,561 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Perceptron by 2.5% in the 3rd quarter. Renaissance Technologies LLC now owns 606,100 shares of the scientific and technical instruments company’s stock worth $5,909,000 after acquiring an additional 15,000 shares during the last quarter. Finally, PEAK6 Investments LLC bought a new stake in Perceptron in the 3rd quarter worth $130,000. Institutional investors own 70.08% of the company’s stock.

About Perceptron

Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.

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