Lumentum Hld Cmn (NASDAQ:LITE) shares traded 2.52% up during most recent session to reach at the closing price of $65.1. The stock exchanged hands 2.03 Million shares versus average trading capacity of 1.89 Million shares, yielding a market cap of $4 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $54.77 within the next 52-weeks. The mean target projections are based on 13 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Lumentum Hld Cmn (NASDAQ:LITE) high price target of $66 and with a conservative view have low price target of $44.
Rosenblatt “Initiates Coverage On” Lumentum Hld Cmn (NASDAQ:LITE) in a research note issued to investors on 5/23/17 to Buy with price target of $66.
Additionally on 5/05/17 Barclays “Upgrades” Lumentum Hld Cmn (NASDAQ:LITE) to Equal-Weight setting price target at $0 and on 5/05/17 Northland Securities “Downgrades” the stock to Market Perform at $0. Furthermore on 3/16/17 Goldman Sachs “Upgrades” the stock to Neutral at $45.
On the other hand the company has Relative Strength Index (RSI 14) of 73.94 along with Average True Range (ATR 14) of 2.75, Consequently Lumentum Hld Cmn (NASDAQ:LITE)’s weekly and monthly volatility is 4.93%, 4.76% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Lumentum Hld Cmn (NASDAQ:LITE) has analysts’ mean recommendation of 2.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Lumentum Hld Cmn (NASDAQ:LITE)’s minimum EPS for the current quarter is at $0.32 and can go high up to $0.36. The consensus mean EPS for the current quarter is at $0.34 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.41 earnings per share for the same quarter during last year.
Lumentum Hld Cmn (NASDAQ:LITE)’s revenue estimates for the current quarter are $229.24 Million according to 14 number of analysts, for the current quarter the company has high revenue estimates of $235 Million in contradiction of low revenue estimates of $226.4 Million. For the current year the company’s revenue estimates are $1.01 Billion compared to low analyst estimates of $1.01 Billion and high estimates of $1.01 Billion according to 16 number of analysts.
Currently Lumentum Hld Cmn (NASDAQ:LITE)’s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 99.7%. However the six-month change in the insider ownership was recorded -12.35%, as well as three-month change in the institutional ownership was recorded 8.57%.
Lumentum Hld Cmn (NASDAQ:LITE) 52-week high price stands at $64.55 and low price stands at $22.04, its price distance from 52-week high is 0.85% while its distance from 52-week low price is 195.37%. The stock hit its 52-week high on 06/08/17, and 52-week low on 06/27/16.
Lumentum Hld Cmn (NASDAQ:LITE)’s trailing twelve month revenues are $1.02 Billion, whereas its price to sales ratio for the same period is 3.92. Its book value per share for the most recent quarter is $7.68 while its price to book ratio for the same period is 8.48, as for as the company’s cash per share for the most recent quarter is $9.41, however its price to cash per share ratio for the same period is 6.92. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.