Fanuc (OTCMKTS:FANUY) Rating Lowered to “Hold” at Citigroup

Fanuc (OTCMKTS:FANUY) was downgraded by research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, UBS Group lowered Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Fanuc Stock Down 5.4%

Fanuc stock opened at $19.25 on Monday. The stock has a 50-day moving average price of $21.38 and a 200 day moving average price of $21.28. The company has a market capitalization of $37.82 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.74 and a beta of 1.04. Fanuc has a 52 week low of $13.60 and a 52 week high of $27.54.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Fanuc had a return on equity of 9.59% and a net margin of 20.11%.The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. Research analysts anticipate that Fanuc will post 0.68 EPS for the current fiscal year.

Fanuc Company Profile

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.