Cemtrex Inc (CETX) Receives Consensus Recommendation of “Buy” from Analysts

Cemtrex Inc (NASDAQ:CETX) has been given a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Brokers have set a twelve-month consensus price objective of $5.00 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cemtrex an industry rank of 43 out of 265 based on the ratings given to its competitors.

Separately, Taglich Brothers lowered shares of Cemtrex from a “buy” rating to a “speculative buy” rating in a research report on Friday, July 1st.

Cemtrex (NASDAQ:CETX) opened at 3.77 on Friday. The firm has a 50-day moving average of $4.16 and a 200 day moving average of $3.60. The firm has a market cap of $35.48 million, a price-to-earnings ratio of 9.02 and a beta of -0.31. Cemtrex has a 52-week low of $1.56 and a 52-week high of $6.59.

An institutional investor recently raised its position in Cemtrex stock. Vanguard Group Inc. boosted its position in shares of Cemtrex Inc (NASDAQ:CETX) by 332.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,105 shares of the company’s stock after buying an additional 55,431 shares during the period. Vanguard Group Inc. owned about 0.84% of Cemtrex worth $266,000 as of its most recent SEC filing.

Cemtrex Company Profile

Cemtrex, Inc is a diversified industrial and manufacturing company. The Company operates in a range of business segments and provides solutions to manufacturing industries. The Company provides electronic manufacturing services of electronic system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems.

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