Citigroup Downgrades Fanuc (OTCMKTS:FANUY) to Hold

Fanuc (OTCMKTS:FANUY) was downgraded by equities researchers at Citigroup from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

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

Fanuc Stock Down 5.4%

Shares of OTCMKTS FANUY opened at $19.25 on Monday. Fanuc has a twelve month low of $13.60 and a twelve month high of $27.54. The stock has a market cap of $37.82 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.74 and a beta of 1.04. The company’s fifty day moving average is $21.38 and its 200-day moving average is $21.28.

Fanuc (OTCMKTS:FANUY) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Fanuc had a net margin of 20.11% and a return on equity of 9.59%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. On average, research analysts anticipate that Fanuc will post 0.68 EPS for the current fiscal year.

About Fanuc

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.