Exponent, Inc. (EXPO) Given “Buy” Rating at Cantor Fitzgerald

Exponent, Inc. (NASDAQ:EXPO)‘s stock had its “buy” rating reiterated by equities research analysts at Cantor Fitzgerald in a report released on Sunday. They currently have a $82.00 price objective on the business services provider’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 12.41% from the company’s current price.

A number of other analysts also recently commented on EXPO. Zacks Investment Research downgraded Exponent from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $77.00 target price on shares of Exponent in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Exponent currently has an average rating of “Hold” and a consensus price target of $80.00.

Exponent (EXPO) traded down $0.60 during mid-day trading on Friday, hitting $72.95. The stock had a trading volume of 12,487 shares, compared to its average volume of 105,814. Exponent has a 52 week low of $55.75 and a 52 week high of $77.15. The company has a market capitalization of $1,898.38, a price-to-earnings ratio of 40.19 and a beta of 0.58.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.09. The company had revenue of $87.60 million during the quarter, compared to the consensus estimate of $79.69 million. Exponent had a return on equity of 17.21% and a net margin of 16.46%. Exponent’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. equities analysts predict that Exponent will post 2.09 earnings per share for the current fiscal year.

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In related news, CEO Paul R. Johnston sold 5,858 shares of Exponent stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $65.60, for a total transaction of $384,284.80. Following the completion of the sale, the chief executive officer now owns 67,193 shares of the company’s stock, valued at $4,407,860.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul R. Johnston sold 3,000 shares of Exponent stock in a transaction on Friday, September 29th. The shares were sold at an average price of $74.01, for a total value of $222,030.00. Following the sale, the chief executive officer now directly owns 32,342 shares of the company’s stock, valued at approximately $2,393,631.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,851 shares of company stock valued at $3,710,760. 2.80% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in Exponent by 89.7% during the second quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after buying an additional 897 shares during the period. Advisor Group Inc. boosted its stake in Exponent by 15.4% during the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after buying an additional 284 shares during the period. Victory Capital Management Inc. boosted its stake in Exponent by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock valued at $184,000 after buying an additional 474 shares during the period. Bank of Montreal Can boosted its stake in Exponent by 0.7% during the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after buying an additional 22 shares during the period. Finally, Sei Investments Co. lifted its stake in Exponent by 28.8% during the second quarter. Sei Investments Co. now owns 3,392 shares of the business services provider’s stock worth $198,000 after purchasing an additional 759 shares during the last quarter. 88.85% of the stock is owned by institutional investors.

About Exponent

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

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