MKS Instruments Inc. (MKSI) Stock Price Target Moved to $64.00 at Stifel Nicolaus

MKS Instruments Inc. (NASDAQ: MKSI) shares were down on Wednesday Nov 23 with lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock, raising the price target of stock.

Meanwhile, in early trading, the Dow Jones Industrial Average DJIA, -0.03% fell 3.5 points to 19,019, essentially unchanged on the day. The S&P 500 SPX, -0.26% fell 7 points, or 0.3%, to 2,196, while the Nasdaq Composite Index COMP, -0.48% shed 34 points to 5,353, a loss of 0.6%.

MKS Instruments Inc. (NASDAQ: MKSI) had its price target boosted by equities researchers at Stifel Nicolaus from $54.00 to $64.00. With a rating of Buy on the shares, the company has a 52-week high of $57.75. A number of other analysts have commented on the stock recently, and the company has secured a consensus one-year price target of $56.80, less than the opening price of $57.65.

MKS Instruments Inc. (NASDAQ: MKSI) shares last traded at $57.25, which represents a drop of $0.01 per share or -0.01% compared to the previous closing price. Opening at $57.65, they varied from $57.25 and $57.72 throughout the day.

MKS Instruments Inc. (NASDAQ: MKSI) currently has a market cap of 3.07B.

MKS Instruments Inc. (NASDAQ: MKSI) Average Daily Trading Volume

17,343 shares traded hands yesterday, below the average, out of a total float 48,440,000. Trading volume is likely to increase in the next few days as momentum traders often use increases in trading volume to pinpoint substantial volume growth or dissemination by institutional investors.

While an increase in trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks expresses a positive cue to market traders that institutions may be moving in, so institutional sponsorship is very important.

Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these have teams of analysts that research thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.

MKS Instruments Inc. (NASDAQ: MKSI) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.

Trades for MKS Instruments Inc. (NASDAQ: MKSI) have ranged from $30.67 – 57.75, and the stock now has a 50-day MA of $50.68 and 200-day MA of $46.09. Today’s last price is 0.87%% lower than the 52 week high of $57.75.

Earnings growth is a crucial factor to research when buying stocks and investors identify companies that have increased their earnings at least 25% or more for 3 consecutive years.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

Leave a Reply

Your email address will not be published. Required fields are marked *