Orbotech (ORBK) is Initiated by JP Morgan to Overweight

Orbotech (ORBK) is Initiated by JP Morgan to Overweight , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Orbotech Ltd. (NASDAQ:ORBK) ended Thursday session in red amid volatile trading. The shares closed down 0.12 points or 0.56% at $21.31 with 179,912 shares getting traded. Post opening the session at $21.45, the shares hit an intraday low of $21.26 and an intraday high of $21.6 and the price vacillated in this range throughout the day. The company has a market cap of $892 million and the number of outstanding shares has been calculated to be 41,852,928 shares. The 52-week high of Orbotech Ltd. (NASDAQ:ORBK) is $22.669 and the 52-week low is $13.82.

During the last several months other analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Oppenheimer, maintains their rating on the shares of Orbotech Ltd. (NASDAQ:ORBK). Oppenheimer has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $35 per share from a prior target of $24. The rating by the firm was issued on December 2, 2015.

Orbotech Ltd. (NASDAQ:ORBK) has received a strong buy rating for the short term, according to the latest rank of 1 from research firm, Zacks. The company received an average rating of 1.25 from 4 analysts. 3 have rated it as a strong buy. 1 analysts recommended buying the shares.

Orbotech Ltd. (NASDAQ:ORBK): 4 analysts have set the short term price target of Orbotech Ltd. (NASDAQ:ORBK) at $27.75. The standard deviation of short term price target has been estimated at $5.91, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 35 and $22 respectively.

Orbotech Ltd. has dropped 4.35% in the last five trading days, however, the shares have posted positive gains of 13.84% in the last 4 weeks. Orbotech Ltd. is up 37.75% in the last 3-month period. Year-to-Date the stock performance stands at 43.99%.”

Orbotech Ltd.( Orbotech) is engaged in the design, development, manufacture, marketing and service of yield-enhancing and production solutions for the supply chain of the electronics industry. The Company’s products include automated optical inspection (AOI), automated optical repair (AOR), imaging and production systems used in the manufacture of printed circuit boards (PCBs) and other electronic components and AOI, test, repair and process monitoring systems used in the manufacture of flat panel displays (FPD). The Company also markets computer-aided manufacturing (CAM) and engineering solutions for PCB production. The Company operates in two segments: Production Solutions for the Electronics Industry and Recognition Software. In August 2014, the Company acquired SPTS Technologies Group Limited.