Rofin-Sinar Technologies PT Raised to $23.00 at Commerzbank AG (RSTI)

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Investment analysts at Commerzbank AG increased their price target on shares of Rofin-Sinar Technologies (NASDAQ:RSTI) from $22.00 to $23.00 in a note issued to investors on Friday, Analyst Ratings Net reports. Commerzbank AG’s price target suggests a potential downside of 5.00% from the company’s current price.

Shares of Rofin-Sinar Technologies (NASDAQ:RSTI) opened at 24.21 on Friday. Rofin-Sinar Technologies has a 52 week low of $21.01 and a 52 week high of $27.76. The stock has a 50-day moving average of $23.28 and a 200-day moving average of $24.20. The company has a market cap of $679.2 million and a price-to-earnings ratio of 26.20.

Rofin-Sinar Technologies (NASDAQ:RSTI) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.04. The company had revenue of $128.59 million for the quarter, compared to the consensus estimate of $126.73 million. During the same quarter last year, the company posted $0.26 earnings per share. Rofin-Sinar Technologies’s revenue was down 2.0% compared to the same quarter last year. Analysts expect that Rofin-Sinar Technologies will post $0.86 EPS for the current fiscal year.

Rofin-Sinar Technologies Inc(NASDAQ:RSTI) is engaged in the designing, development, engineering, manufacturing and marketing of laser-based products used for cutting, welding and marking a range of materials.

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