Cray Inc. (NASDAQ:CRAY) has earned a consensus rating of “Buy” from the eight analysts that are currently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $35.67.
Several equities research analysts recently issued reports on CRAY shares. Needham & Company LLC reaffirmed a “top pick” rating and set a $25.00 price target on shares of Cray in a research note on Monday, December 12th. Zacks Investment Research raised shares of Cray from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 9th. Finally, TheStreet raised shares of Cray from a “d+” rating to a “c-” rating in a research note on Friday, February 17th.
Shares of Cray (NASDAQ:CRAY) opened at 21.05 on Tuesday. Cray has a 52 week low of $16.10 and a 52 week high of $43.40. The stock’s 50 day moving average is $20.43 and its 200 day moving average is $20.52. The firm has a market cap of $841.73 million, a P/E ratio of 80.96 and a beta of 1.25.
Cray (NASDAQ:CRAY) last released its quarterly earnings results on Wednesday, February 8th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Cray had a net margin of 1.69% and a return on equity of 2.64%. The firm had revenue of $346.60 million for the quarter, compared to the consensus estimate of $346.79 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. On average, equities research analysts predict that Cray will post ($0.14) earnings per share for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Cray by 84.5% in the third quarter. Bank of New York Mellon Corp now owns 988,992 shares of the company’s stock valued at $23,281,000 after buying an additional 453,089 shares during the period. NWQ Investment Management Company LLC increased its stake in Cray by 12.7% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,141,672 shares of the company’s stock valued at $23,633,000 after buying an additional 128,507 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Cray by 11.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 71,190 shares of the company’s stock valued at $1,676,000 after buying an additional 7,555 shares during the period. JPMorgan Chase & Co. increased its stake in Cray by 206,026.2% in the third quarter. JPMorgan Chase & Co. now owns 441,110 shares of the company’s stock valued at $10,383,000 after buying an additional 440,896 shares during the period. Finally, Mairs & Power INC increased its stake in Cray by 7.8% in the third quarter. Mairs & Power INC now owns 3,081,521 shares of the company’s stock valued at $72,539,000 after buying an additional 223,585 shares during the period. 86.32% of the stock is currently owned by hedge funds and other institutional investors.
Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.
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