Fanuc (OTCMKTS:FANUY) Hits New 12-Month High – Should You Buy?

Fanuc Corp. (OTCMKTS:FANUY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $19.83 and last traded at $19.76, with a volume of 112636 shares changing hands. The stock had previously closed at $18.9180.

Analysts Set New Price Targets

Separately, Hsbc Global Res upgraded shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Fanuc Stock Up 4.5%

The firm has a market capitalization of $38.85 billion, a P/E ratio of 34.69, a PEG ratio of 3.98 and a beta of 0.70. The business’s 50 day moving average is $15.99 and its two-hundred day moving average is $14.65.

Fanuc (OTCMKTS:FANUY) last released its earnings results on Friday, October 31st. The industrial products company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Fanuc had a net margin of 19.28% and a return on equity of 9.03%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $198.19 billion. As a group, equities analysts anticipate that Fanuc Corp. will post 0.46 earnings per share for the current fiscal year.

Fanuc Company Profile

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.