Zacks: R C M Technologies Inc (NASDAQ:RCMT) Given $6.50 Consensus Target Price by Analysts

Shares of R C M Technologies Inc (NASDAQ:RCMT) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $6.50 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given R C M Technologies an industry rank of 197 out of 256 based on the ratings given to its competitors.

RCMT has been the subject of a number of research analyst reports. B. Riley reduced their target price on Orion Group from $7.00 to $4.00 and set a “neutral” rating for the company in a report on Friday, March 29th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday.

An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC raised its stake in shares of R C M Technologies Inc (NASDAQ:RCMT) by 27.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,928 shares of the business services provider’s stock after buying an additional 40,306 shares during the period. Bourgeon Capital Management LLC owned 1.46% of R C M Technologies worth $740,000 at the end of the most recent quarter. 26.56% of the stock is owned by institutional investors.

NASDAQ RCMT traded down $0.06 on Tuesday, reaching $3.32. 2,700 shares of the stock traded hands, compared to its average volume of 16,355. The stock’s fifty day moving average price is $3.37. The company has a debt-to-equity ratio of 1.34, a quick ratio of 3.04 and a current ratio of 3.04. The company has a market capitalization of $42.45 million, a P/E ratio of 10.71 and a beta of 1.06. R C M Technologies has a 12 month low of $2.54 and a 12 month high of $5.07.

R C M Technologies (NASDAQ:RCMT) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.34 million. R C M Technologies had a return on equity of 16.09% and a net margin of 1.55%. Research analysts predict that R C M Technologies will post 0.41 earnings per share for the current fiscal year.

R C M Technologies Company Profile

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.

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