Maxim Group Reiterates “Buy” Rating for FRONTEO (FTEO)

FRONTEO (NASDAQ:FTEO)‘s stock had its “buy” rating restated by investment analysts at Maxim Group in a report released on Friday, MarketBeat reports. They currently have a $16.00 target price on the information technology services provider’s stock, up from their prior target price of $15.00. Maxim Group’s price target would indicate a potential upside of 25.10% from the stock’s current price.

The analysts wrote, “Dec Q results indicate AI business continues to gain momentum despite minor slowdown of US Legal Business trajectory. FY18 revenue and EBIT guidance was maintained, though FY18 net income guidance was reduced due to greater US restructuring costs and weaker exchange rates. Continued strength from AI Business gives us increased confidence in long- term profitable growth; raising 12-month price target to $16, up from $15.””

FRONTEO (NASDAQ FTEO) opened at $12.79 on Friday. The company has a market cap of $253.09, a price-to-earnings ratio of -18.81 and a beta of 0.82. The company has a quick ratio of 1.87, a current ratio of 1.89 and a debt-to-equity ratio of 1.33. FRONTEO has a 1-year low of $9.06 and a 1-year high of $15.00.

FRONTEO (NASDAQ:FTEO) last released its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported $0.06 EPS for the quarter. The firm had revenue of $28.68 million during the quarter. FRONTEO had a negative net margin of 9.78% and a negative return on equity of 13.44%.

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FRONTEO Company Profile

FRONTEO, Inc, formerly UBIC, Inc, is a provider of Asian-language e-Discovery solutions and services. The Company offers a range of e-Discovery and forensic services, such as data collection, data processing, data review and document production. The Company’s segments include Japan, the U. S. and Other.

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