MKS Instruments (MKSI) is Initiated by Citigroup to Buy, Price Target at $59

MKS Instruments (MKSI) was Initiated by Citigroup to “Buy” and the brokerage firm has set the Price Target at $59. Citigroup advised their investors in a research report released on Oct 12, 2016.

On the company’s financial health, MKS Instruments reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.48. The company had revenue of $325.90 million for the quarter, compared to analysts expectations of $288.62 million. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

MKS Instruments closed down -1.4 points or -2.84% at $47.96 with 4,58,644 shares getting traded on Tuesday. Post opening the session at $49.26, the shares hit an intraday low of $47.72 and an intraday high of $49.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 4, 2016, Brian Charles Quirk (Sr. VP, Global Operations) sold 1,000 shares at $49.36 per share price. According to the SEC, on Sep 14, 2016, Gerard G Colella (CEO, President, Director) sold 5,000 shares at $47.11 per share price. On Aug 22, 2016, Seth H Bagshaw (Vice President, CFO, Treasurer) sold 15,000 shares at $47.43 per share price, according to the Form-4 filing with the securities and exchange commission.

MKS Instruments Inc. (MKS) is a provider of instruments subsystems and process control solutions that measures controls powers monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates in four segments: Advanced Manufacturing Capital Equipment; Analytical Solutions Group; Europe Region Sales & Service and Asia Region Sales & Service. The Advanced Manufacturing Capital Equipment segment includes the development manufacture sales and servicing of instruments and control products power and reactive gas products materials delivery products and vacuum products. The Analytical Solutions Group includes gas composition analysis information technology products and custom fabrication services. The Europe and Asia region sales and service segments resell and service the Advanced Manufacturing Capital Equipment and Analytical Solutions Group products sold into their respective regions.

MKS Instruments

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