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

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

Separately, UBS Group downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Fanuc presently has an average rating of “Moderate Buy”.

Fanuc Trading Down 5.4%

Shares of FANUY stock opened at $19.25 on Monday. Fanuc has a 1 year low of $13.60 and a 1 year high of $27.54. The firm’s 50 day moving average is $21.38 and its 200-day moving average is $21.28. The firm has a market capitalization of $37.82 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.74 and a beta of 1.04.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Fanuc had a return on equity of 9.59% and a net margin of 20.11%. On average, equities research analysts forecast that Fanuc will post 0.68 earnings per share 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.