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

Citigroup lowered shares of Fanuc (OTCMKTS:FANUY) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

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

Fanuc Stock Down 5.4%

Shares of Fanuc stock opened at $19.25 on Monday. The stock has a market capitalization of $37.82 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.74 and a beta of 1.04. The company has a 50-day simple moving average of $21.38 and a 200 day simple moving average of $21.28. Fanuc has a 12-month low of $13.60 and a 12-month 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 (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.59%. On average, equities analysts anticipate that Fanuc will post 0.68 earnings per share for the current 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.