In last trading session, Fabrinet (NYSE:FN) saw 0.5 million shares changing hands with its beta currently measuring 0.88. Company’s recent per share price level of $221.90 trading at -$8.77 or -3.80% at ring of the bell on the day assigns it a market valuation of $7.99B. That closing price of FN’s stock is at a discount of -26.99% from its 52-week high price of $281.79 and is indicating a premium of 28.04% from its 52-week low price of $159.69.
For Fabrinet (FN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.6 in the current quarter.
Fabrinet (NYSE:FN) trade information
Upright in the red during last session for losing -3.80%, in the last five days FN remained trading in the green while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $221.90 price level, adding 12.85% to its value on the day. Fabrinet’s shares saw a change of 0.92% in year-to-date performance and have moved 3.68% in past 5-day. Fabrinet (NYSE:FN) showed a performance of -16.97% in past 30-days.
Wall Street analysts have assigned a consensus price target of 280 to the stock, which implies a rise of 20.75% to its current value. Analysts have been projecting 280 as a low price target for the stock while placing it at a high target of 280. It follows that stock’s current price would drop -26.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -26.18% for stock’s current value.
Fabrinet (FN) estimates and forecasts
This year revenue growth is estimated to rise 17.42% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 859.38M for the same. And 6 analysts are in estimates of company making revenue of 887.99M in the next quarter. Company posted 731.53M and 753.26M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.77% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 16.12% while estimates for its earnings growth in next 5 years are of 15.87%.
Fabrinet (NYSE:FN)’s Major holders
BLACKROCK INC. is the top institutional holder at FN for having 5.77 million shares of worth $1.41 billion. And as of 2024-06-30, it was holding 15.9245 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 4.37 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.0523 of outstanding shares, having a total worth of $1.07 billion.
On the other hand, Smallcap World Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.32 shares of worth $293.29 million or 3.64% of the total outstanding shares. The later fund manager was in possession of 1.16 shares on Nov 30, 2024 , making its stake of worth around $257.61 million in the company or a holder of 3.20% of company’s stock.
