II-VI Inc (IIVI) Receives a Buy from Northland Securities

In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on II-VI Inc (IIVIResearch Report), with a price target of $42.50. The company’s shares closed on Friday at $36.56.

According to TipRanks.com, Savageaux is a 2-star analyst with an average return of 0.5% and a 45.7% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.

II-VI Inc has an analyst consensus of Strong Buy, with a price target consensus of $45.38, implying a 24.1% upside from current levels. In a report issued on June 17, Benchmark Co. also maintained a Buy rating on the stock with a $57 price target.

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The company has a one-year high of $50.75 and a one-year low of $29.31. Currently, II-VI Inc has an average volume of 788.6K.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IIVI in relation to earlier this year.

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II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and products for precision in the field of industrial, optical communications, military, semiconductor, medical and life science applications.