Napco Security Technologies (NASDAQ:NSSC) Price Target Increased to $33.00 by Analysts at Canaccord Genuity – TechNewsObserver


Napco Security Technologies (NASDAQ:NSSC) had its price target upped by Canaccord Genuity from $32.00 to $33.00 in a research note issued to investors on Wednesday, September 4th, BenzingaRatingsTable reports. Canaccord Genuity currently has a buy rating on the industrial products company’s stock.

A number of other research analysts have also recently commented on NSSC. Zacks Investment Research cut Napco Security Technologies from a buy rating to a hold rating in a research note on Saturday, August 10th. ValuEngine cut Napco Security Technologies from a strong-buy rating to a buy rating in a research note on Thursday, August 1st. BidaskClub upgraded Napco Security Technologies from a buy rating to a strong-buy rating in a research note on Tuesday, July 30th. Lake Street Capital assumed coverage on Napco Security Technologies in a research note on Tuesday, June 11th. They set a buy rating and a $35.00 price objective for the company. Finally, Imperial Capital assumed coverage on Napco Security Technologies in a research note on Friday, June 21st. They set an outperform rating and a $36.00 price objective for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $29.66.

Shares of NSSC traded up $0.44 on Wednesday, reaching $25.50. The stock had a trading volume of 154,500 shares, compared to its average volume of 161,420. The firm has a market capitalization of $490.40 million, a price-to-earnings ratio of 38.64 and a beta of 0.59. The company has a 50-day simple moving average of $29.74 and a 200-day simple moving average of $26.68. Napco Security Technologies has a 12-month low of $12.93 and a 12-month high of $34.91.

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Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. The company had revenue of $29.58 million during the quarter, compared to analysts’ expectations of $29.47 million. Napco Security Technologies had a return on equity of 18.39% and a net margin of 11.88%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. As a group, sell-side analysts predict that Napco Security Technologies will post 0.86 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Denali Advisors LLC raised its stake in Napco Security Technologies by 581.5% during the second quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after buying an additional 913 shares during the last quarter. Bank of Montreal Can raised its stake in Napco Security Technologies by 249.5% during the second quarter. Bank of Montreal Can now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,108 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Napco Security Technologies by 62,175.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock valued at $52,000 after buying an additional 2,487 shares during the last quarter. Advantage Investment Management LLC raised its stake in Napco Security Technologies by 24.9% during the second quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock valued at $84,000 after buying an additional 568 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY purchased a new position in Napco Security Technologies during the first quarter valued at $84,000. Institutional investors and hedge funds own 43.30% of the company’s stock.

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Napco Security Technologies Company Profile

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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