The stocks of FSR have been given a buy rating by around ten brokerage firms that have been covering their stocks. According to a report, two of the research analysts have already provided the stocks with a recommendation of hold, while six others have given the company a rating of buy. The price target of FSR over a period of a year has been $27.50.
The Stock Commentary of FSR
There have been quite a few research equities that have commented on the stocks of FSR. Smith Barney Citigroup has already given the company a rating of buy, with a price target of $26 set on them in a 25th November research report.
Cowen has also increased the price target of the company from $22 to $29, along with a rating of outperform in a 26th February research report. The Goldman Sachs Group has also given the company a rating of neutral with a price target set at $15. In the end, R.F. Lafferty gave the company a rating of buy with a $23 price objective.
The stocks of FSR traded on Friday at $20.70. The year low of the company is $8.70, while the year high has been set at $31.96. The moving average price of the company over 50 days is $19.83.
The company previously issued its quarterly earnings on the 25th of February. The EPS reported by the company for the quarter was $0.05, which beat out on the estimate by analysts at $0.08.
According to the latest reports, several hedge funds and institutional investors have already purchased quite a few shares in the business of the firm. Monashee Investment Management LLC went ahead and recently purchased a newer position in the shares of FSR.
