Exponent (EXPO) Upgraded to “Hold” at BidaskClub
BidaskClub upgraded shares of Exponent (NASDAQ:EXPO) from a sell rating to a hold rating in a research report sent to investors on Monday morning.
EXPO has been the topic of a number of other reports. Zacks Investment Research raised shares of Exponent from a hold rating to a buy rating and set a $82.00 target price on the stock in a research report on Tuesday, January 23rd. Cantor Fitzgerald increased their price objective on shares of Exponent to $82.00 and gave the company an overweight rating in a research report on Thursday, October 19th. Finally, SunTrust Banks raised shares of Exponent from a hold rating to a buy rating and set a $84.00 price objective on the stock in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $82.67.
Shares of Exponent (EXPO) opened at $71.65 on Monday. The firm has a market cap of $1,916.45, a PE ratio of 38.87 and a beta of 0.72. Exponent has a 1 year low of $56.35 and a 1 year high of $78.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.45%. This is an increase from Exponent’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 1st. Exponent’s dividend payout ratio is 55.26%.
A number of hedge funds have recently made changes to their positions in EXPO. Advisor Group Inc. grew its position in Exponent by 15.4% during the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 284 shares during the last quarter. Amalgamated Bank grew its position in Exponent by 5.1% during the 2nd quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 171 shares during the last quarter. Trexquant Investment LP purchased a new stake in Exponent during the 3rd quarter valued at about $224,000. Cubist Systematic Strategies LLC purchased a new stake in Exponent during the 3rd quarter valued at about $242,000. Finally, Stifel Financial Corp purchased a new stake in Exponent during the 3rd quarter valued at about $249,000. 89.49% of the stock is currently owned by institutional investors.
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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