Fabrinet (NYSE:FN) Given Media Impact Score of 0.17

Press coverage about Fabrinet (NYSE:FN) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Fabrinet earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.9611594369876 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several brokerages recently weighed in on FN. ValuEngine cut shares of Fabrinet from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. B. Riley reaffirmed a “buy” rating and set a $44.75 price target on shares of Fabrinet in a research report on Monday, May 15th. Zacks Investment Research raised shares of Fabrinet from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Fabrinet in a research report on Wednesday, May 10th. Finally, J P Morgan Chase & Co set a $57.00 price target on shares of Fabrinet and gave the company a “buy” rating in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.46.

Shares of Fabrinet (NYSE:FN) opened at 40.08 on Friday. Fabrinet has a 12-month low of $31.97 and a 12-month high of $49.63. The company has a 50 day moving average of $43.63 and a 200-day moving average of $40.81. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 16.85 and a beta of 1.08.

In related news, CEO David T. Mitchell sold 52,500 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $37.02, for a total transaction of $1,943,550.00. Following the sale, the chief executive officer now owns 102,114 shares of the company’s stock, valued at $3,780,260.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Fabrinet (NYSE:FN) Given Media Impact Score of 0.17” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.com-unik.info/2017/08/19/fabrinet-nysefn-given-daily-coverage-optimism-rating-of-0-17-updated-updated.html.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test.

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