Jefferies Gives Orbotech (NASDAQ:ORBK) a Lower Rating. Drops its “Buy” Rating

March 20, 2018 - By Vivian Currie

 Jefferies Gives Orbotech (NASDAQ:ORBK) a Lower Rating. Drops its

Orbotech (NASDAQ:ORBK) Receives a Downgrade

Shares of Orbotech (NASDAQ:ORBK) were downgraded to a “Hold” by equity research analysts at Jefferies. ORBK’s rating of a “Buy” has been discontinued.

Orbotech Ltd. (NASDAQ:ORBK) Ratings Coverage

Among 10 analysts covering Orbotech (NASDAQ:ORBK), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Orbotech has $69.0 highest and $24 lowest target. $51.13’s average target is -21.16% below currents $64.85 stock price. Orbotech had 27 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, March 19 by Needham. Barclays Capital maintained Orbotech Ltd. (NASDAQ:ORBK) rating on Thursday, November 2. Barclays Capital has “Overweight” rating and $54 target. The stock has “Outperform” rating by RBC Capital Markets on Friday, November 6. The firm has “Buy” rating by Oppenheimer given on Thursday, August 3. As per Monday, March 19, the company rating was downgraded by Stifel Nicolaus. As per Thursday, February 15, the company rating was maintained by Oppenheimer. Oppenheimer maintained Orbotech Ltd. (NASDAQ:ORBK) on Wednesday, November 1 with “Buy” rating. The stock has “Buy” rating by Jefferies on Monday, September 11. On Tuesday, March 20 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Hold” rating by Lake Street given on Tuesday, March 20.

The stock increased 1.34% or $0.86 during the last trading session, reaching $64.85. About 2.39M shares traded or 387.11% up from the average. Orbotech Ltd. (NASDAQ:ORBK) has risen 49.39% since March 20, 2017 and is uptrending. It has outperformed by 32.69% the S&P500.

Analysts await Orbotech Ltd. (NASDAQ:ORBK) to report earnings on May, 2. They expect $0.71 earnings per share, up 69.05 % or $0.29 from last year’s $0.42 per share. ORBK’s profit will be $34.36M for 22.83 P/E if the $0.71 EPS becomes a reality. After $0.82 actual earnings per share reported by Orbotech Ltd. for the previous quarter, Wall Street now forecasts -13.41 % negative EPS growth.

Orbotech Ltd. provides yield-enhancing and process-enabling solutions for the manufacture of printed circuit boards , flat panel displays (FPDs), and semiconductor devices (SDs) in China, North America, Europe, Japan, Korea, and internationally. The company has market cap of $3.14 billion. It operates through three divisions: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software. It has a 23.93 P/E ratio. The firm designs, develops, makes, markets, and services direct imaging, automated optical inspection (AOI), automated optical shaping, via formation laser drilling tools, digital inkjet printing, and other production systems used in the manufacture of PCBs; AOI, test, repair, and process monitoring systems for use in the manufacture of FPDs; and etch, physical vapor deposition, and chemical vapor deposition equipment used in the manufacture of SDs, such as micro-electro-mechanical systems, advanced semiconductor packaging, power and radio frequency devices, and high brightness light emitting diode devices.

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