Maxim Group reaffirmed their buy rating on shares of FRONTEO (NASDAQ:FTEO) in a report issued on Friday, Marketbeat reports. They currently have a $16.00 target price on the information technology services provider’s stock, up from their prior target price of $15.00.
“Dec Q results indicate AI business continues to gain momentum despite minor slowdown of US Legal Business trajectory. FY18 revenue and EBIT guidance was maintained, though FY18 net income guidance was reduced due to greater US restructuring costs and weaker exchange rates. Continued strength from AI Business gives us increased confidence in long- term profitable growth; raising 12-month price target to $16, up from $15.”,” Maxim Group’s analyst wrote.
Shares of FRONTEO (NASDAQ:FTEO) opened at $13.52 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.87 and a current ratio of 1.89. FRONTEO has a 12-month low of $9.06 and a 12-month high of $15.00. The company has a market capitalization of $257.04, a P/E ratio of -24.14 and a beta of 1.08.
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FRONTEO, Inc, formerly UBIC, Inc, is a provider of Asian-language e-Discovery solutions and services. The Company offers a range of e-Discovery and forensic services, such as data collection, data processing, data review and document production. The Company’s segments include Japan, the U. S. and Other.
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