Fabrinet (FN) : The consensus on Fabrinet (FN) based on 6 analyst recommendation on the company stock is 1.17, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.
Fabrinet (FN) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $48 and the lowest price target forecast is $40. The average forecast of all the analysts is $42.88 and the expected standard deviation is $2.85.
For the current week, the company shares have a recommendation consensus of Buy.
Fabrinet (NYSE:FN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.65 and $35.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.23, notching a gain of 3.46% for the day. The total traded volume was 785,199 . The stock had closed at $35.02 on the previous day.
Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of complex products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test. The Company focuses primarily on the production of low-volume, high-mix products. The Company operates primarily in three geographic regions: North America, Asia-Pacific and Europe. The products offered by the Company include optical communications devices, solid state diode-pumped gas and fiber lasers, and sensors.