Investment analysts at Deutsche Bank upped their target price on shares of Molex (NASDAQ: MOLX)
Shares of Molex traded up 4.43% during mid-day trading on Wednesday, hitting $28.54. Molex has a 52 week low of $21.89 and a 52 week high of $28.54. The stock?s 50-day moving average is currently $26.67. The company has a market cap of $5.055 billion and a P/E ratio of 17.86.
Molex last announced its earnings results on Tuesday, October 23rd. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.40. Molex?s revenue was down 2.0% compared to the same quarter last year. Molex has set its Q2 guidance at $0.36-0.40 EPS. Analysts expect that Molex will post $1.59 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a ?sector perform? rating on shares of Molex in a research note to investors on Thursday, November 1st. They now have a $26.00 price target on the stock. Separately, analysts at Zacks reiterated a ?neutral? rating on shares of Molex in a research note to investors on Thursday, October 25th. They now have a $27.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Molex to $27.50 in a research note to investors on Wednesday, October 24th.
Molex Incorporated is a manufacturer of electronic connectors. The Company manufactures and sells electronic components.