RF Industries (NASDAQ:RFIL) Earns Buy Rating from Analysts at Lake Street Capital

Lake Street Capital began coverage on shares of RF Industries (NASDAQ:RFIL) in a report published on Thursday, Marketbeat reports. The firm issued a buy rating and a $19.00 price target on the electronics maker’s stock.

Other analysts have also issued reports about the stock. B. Riley Financial increased their price objective on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Zacks Research upgraded RF Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings lowered RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Wall Street Zen cut RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

RF Industries Stock Up 2.7%

NASDAQ RFIL opened at $13.61 on Thursday. RF Industries has a 52 week low of $5.54 and a 52 week high of $22.30. The firm has a market capitalization of $147.67 million, a price-to-earnings ratio of 97.22 and a beta of 1.29. The company has a fifty day moving average of $15.79 and a two-hundred day moving average of $13.99.

RF Industries (NASDAQ:RFIL) last announced its earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $20.69 million for the quarter, compared to the consensus estimate of $19.67 million. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. Equities research analysts anticipate that RF Industries will post 0.59 EPS for the current year.

Institutional Trading of RF Industries

A number of large investors have recently made changes to their positions in RFIL. Goldman Sachs Group Inc. purchased a new position in RF Industries in the 1st quarter worth about $56,000. PFG Investments LLC purchased a new stake in RF Industries in the 4th quarter valued at about $64,000. Trexquant Investment LP purchased a new stake in RF Industries in the 4th quarter valued at about $128,000. OMERS ADMINISTRATION Corp purchased a new stake in RF Industries in the 1st quarter valued at about $131,000. Finally, Essex Investment Management Co. LLC bought a new position in RF Industries in the 4th quarter worth about $142,000. 23.49% of the stock is owned by hedge funds and other institutional investors.

About RF Industries

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.