BidaskClub upgraded shares of Exponent (NASDAQ:EXPO) from a hold rating to a buy rating in a research report released on Saturday morning.
EXPO has been the subject of several other reports. Zacks Investment Research raised Exponent from a hold rating to a buy rating and set a $82.00 price objective for the company in a research note on Tuesday, January 23rd. SunTrust Banks raised Exponent from a hold rating to a buy rating and set a $84.00 price target for the company in a research note on Friday, January 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $84.67.
Shares of Exponent (EXPO) opened at $78.75 on Friday. The stock has a market capitalization of $2,050.00, a P/E ratio of 36.63 and a beta of 0.65. Exponent has a one year low of $56.95 and a one year high of $80.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be paid a dividend of $0.26 per share. This is a positive change from Exponent’s previous quarterly dividend of $0.21. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 1st. Exponent’s dividend payout ratio (DPR) is currently 48.37%.
Hedge funds have recently modified their holdings of the stock. Trexquant Investment LP bought a new stake in shares of Exponent during the 3rd quarter worth approximately $224,000. Cubist Systematic Strategies LLC bought a new stake in shares of Exponent during the 3rd quarter worth approximately $242,000. Stifel Financial Corp bought a new stake in shares of Exponent during the 3rd quarter worth approximately $249,000. Capital Fund Management S.A. bought a new stake in shares of Exponent during the 4th quarter worth approximately $277,000. Finally, OppenheimerFunds Inc. lifted its stake in shares of Exponent by 22.5% during the 4th quarter. OppenheimerFunds Inc. now owns 4,428 shares of the business services provider’s stock worth $315,000 after acquiring an additional 813 shares during the last quarter. 88.91% of the stock is owned by hedge funds and other institutional investors.
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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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