Exponent (EXPO) Stock Rating Upgraded by BidaskClub

Exponent (NASDAQ:EXPO) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other equities research analysts have also issued reports on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $82.00 target price on shares of Exponent in a report on Sunday, November 5th. Zacks Investment Research lowered shares of Exponent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $77.00 target price on shares of Exponent in a report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.00.

Shares of Exponent (EXPO) opened at $71.95 on Friday. The company has a market cap of $1,840.00, a price-to-earnings ratio of 35.10 and a beta of 0.57. Exponent has a 1-year low of $55.75 and a 1-year high of $77.15.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The company had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. analysts anticipate that Exponent will post 2.09 earnings per share for the current year.

In other news, CEO Paul R. Johnston sold 3,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $74.01, for a total transaction of $222,030.00. Following the completion of the sale, the chief executive officer now owns 32,342 shares of the company’s stock, valued at $2,393,631.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul R. Johnston sold 3,052 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $73.11, for a total transaction of $223,131.72. Following the sale, the chief executive officer now directly owns 35,342 shares of the company’s stock, valued at approximately $2,583,853.62. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC grew its holdings in shares of Exponent by 89.7% in the second quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 897 shares during the period. Advisor Group Inc. grew its holdings in shares of Exponent by 15.4% in the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 284 shares during the period. Trexquant Investment LP purchased a new stake in shares of Exponent in the third quarter valued at about $224,000. Victory Capital Management Inc. grew its holdings in shares of Exponent by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 474 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Exponent by 0.7% in the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 22 shares during the period. 88.58% of the stock is owned by hedge funds and other institutional investors.

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Exponent Company Profile

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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