Impact of Brokerage Rating on Fabrinet(FN)

Many Fabrinet(FN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Stifel on Feb 7, 2017 to Buy, Raises Price Target to $ 52 from a previous price target of $50 .Fabrinet was Upgraded by Needham on Jan 17, 2017 to Strong Buy, Price Target of the shares are set at $56.

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, David T. Mitchell (CEO & Chairman) sold 75,000 shares at 41.81 per share price.On Aug 23, 2016, Rollance E. Olson (director) sold 5,000 shares at 40.06 per share price.On Jun 2, 2016, Harpal Gill (President & COO) sold 82,703 shares at 35.06 per share price.

Fabrinet Last issued its quarterly earnings results on Feb 6, 2017. The company reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $0.79. The company had revenue of $351.20 million for the quarter, compared to analysts expectations of $335.07 million. The companys revenue was up 50.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Fabrinet (NYSE:FN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1 by 6 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys.

Fabrinet (NYSE:FN) stock has received a short term price target of $ 54.96 from 6 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.03. The higher estimate of target price is $58 , while the lower price target estimate is $52

Fabrinet (NYSE:FN) rose 2.26% or 1.06 points on Tuesday and made its way into the gainers of the day. After trading began at $46.83 the stock was seen hitting $48.26 as a peak level and $46.65 as the lowest level. The stock ended up at $47.98. The daily volume was measured at 1,150,922 shares. The 52-week high of the share price is $48.26 and the 52-week low is $25.815. The company has a market cap of $1,773 million.

Fabrinet provides precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors. The Company offers a broad range of advanced optical capabilities across the entire manufacturing process, including process engineering, design for manufacturability, supply chain management, manufacturing, final assembly and test. Fabrinet manufactures, assembles, and tests products for customers at its main manufacturing facilities in Bangkok, Thailand. The Company designs and manufactures its own bulk optical materials and components at its facilities in Fuzhou, the Peoples Republic of China, and New Jersey, USA.

Fabrinet

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