MKS Instruments (NASDAQ:MKSI) Given New $115.00 Price Target at Benchmark

MKS Instruments (NASDAQ:MKSI – Get Rating) had its price target decreased by Benchmark from $125.00 to $115.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. Benchmark’s price objective would suggest a potential upside of 26.85% from the company’s previous close.

A number of other research firms have also weighed in on MKSI. Barclays raised their price objective on shares of MKS Instruments from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, December 15th. Cowen upped their price target on shares of MKS Instruments from $85.00 to $100.00 in a research report on Thursday, December 15th. Wells Fargo & Company upped their price target on shares of MKS Instruments from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 1st. Citigroup boosted their target price on shares of MKS Instruments from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday, March 2nd. Finally, StockNews.com downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, MKS Instruments currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.73.

MKS Instruments Trading Up 4.1 %

NASDAQ:MKSI opened at $90.66 on Wednesday. The company has a current ratio of 2.93, a quick ratio of 1.91 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 15.69 and a beta of 1.56. The firm has a fifty day simple moving average of $98.05 and a two-hundred day simple moving average of $88.69. MKS Instruments has a 12 month low of $64.77 and a 12 month high of $163.89.

MKS Instruments (NASDAQ:MKSI – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The scientific and technical instruments company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.69. MKS Instruments had a net margin of 9.39% and a return on equity of 16.12%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $994.01 million. During the same period last year, the company posted $3.02 earnings per share. The business’s quarterly revenue was up 42.0% on a year-over-year basis. Analysts expect that MKS Instruments will post 3.97 EPS for the current fiscal year.

Institutional Trading of MKS Instruments

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of MKS Instruments by 257.4% in the 4th quarter. Fifth Third Bancorp now owns 461 shares of the scientific and technical instruments company’s stock valued at $39,000 after buying an additional 332 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of MKS Instruments in the 3rd quarter valued at about $56,000. Covestor Ltd boosted its holdings in shares of MKS Instruments by 19.1% in the 1st quarter. Covestor Ltd now owns 692 shares of the scientific and technical instruments company’s stock valued at $104,000 after buying an additional 111 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of MKS Instruments by 57.9% in the 3rd quarter. National Bank of Canada FI now owns 884 shares of the scientific and technical instruments company’s stock valued at $73,000 after buying an additional 324 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of MKS Instruments in the 1st quarter valued at about $135,000. 86.77% of the stock is currently owned by institutional investors.

MKS Instruments Company Profile

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MKS Instruments, Inc provides instruments, systems, subsystems and process control solutions to measure, control, power, monitor, and analyze parameters of manufacturing processes to improve process performance and productivity for its customers. It operates through the following segments: Vacuum & Analysis, Light & Motion and Equipment & Solutions.