Fabrinet (FN) has an average broker rating of 1.17, which is interpreted as a Strong Buy, as rated by 6 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Fabrinet (FN) stock is expected to deviate a maximum of $2.85 from the average target price of $49.96 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $54 and the most muted being $47.
Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of Fabrinet (NYSE:FN). JP Morgan has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $48 per share from a prior target of $42. The rating by the firm was issued on August 16, 2016.
Fabrinet (NYSE:FN): After opening at $41.36, the stock dipped to an intraday low of $41.36 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.92 and the buying power remained strong till the end. The stock closed at $42.56 for the day, a gain of 2.85% for the day session. The total traded volume was 527,008. The stocks close on the previous trading day was $41.38.
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.