MKS Instruments (MKSI) Received its Third Buy in a Row

By Ryan Adsit

After Stifel Nicolaus and Deutsche Bank gave MKS Instruments (NASDAQ: MKSI) a Buy rating last month, the company received another Buy, this time from Benchmark Co. Analyst Mark Miller maintained a Buy rating on MKS Instruments today and set a price target of $108. The company’s shares closed yesterday at $91.01.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.4% and a 68.1% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and Nanometrics Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MKS Instruments with a $113 average price target, implying a 24.2% upside from current levels. In a report issued on April 17, Deutsche Bank also maintained a Buy rating on the stock with a $115 price target.

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MKS Instruments’ market cap is currently $4.92B and has a P/E ratio of 12.76. The company has a Price to Book ratio of 2.63.

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MKS Instruments, Inc. engages in the provision of instruments, subsystems, and process control solutions to measure, control, power, monitor, and analyze parameters of manufacturing processes. It operates through the Vacuum and Analysis; and Light and Motion segments.