Fanuc Corporation (6954) Gets a Buy from Morgan Stanley
Morgan Stanley analyst Yoshinao Ibara maintained a Buy rating on Fanuc Corporation (6954 – Research Report) yesterday and set a price target of Yen5,400.00. The company’s shares closed yesterday at Yen3,913.00.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fanuc Corporation with a Yen4,655.00 average price target, implying a 18.96% upside from current levels. In a report released on June 23, Bernstein also reiterated a Buy rating on the stock with a Yen5,400.00 price target.
Based on Fanuc Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of Yen197.05 billion and a net profit of Yen32.86 billion. In comparison, last year the company earned a revenue of Yen197.83 billion and had a net profit of Yen34.4 billion
