Cognex Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:CGNX)
Cognex (NASDAQ:CGNX) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $50.28.
Separately, analysts at Zacks upgraded shares of Cognex from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 29th. They now have a $41.40 price target on the stock.
In other Cognex news, CFO Richard Morin sold 6,600 shares of Cognex stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $43.34, for a total transaction of $286,044.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cognex (NASDAQ:CGNX) opened at 41.40 on Wednesday. Cognex has a 1-year low of $27.07 and a 1-year high of $45.80. The stock’s 50-day moving average is $38.85 and its 200-day moving average is $36.77. The company has a market cap of $3.591 billion and a P/E ratio of 42.69.
Cognex (NASDAQ:CGNX) last announced its earnings results on Monday, July 28th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.07. The company had revenue of $108.80 million for the quarter, compared to the consensus estimate of $103.30 million. During the same quarter last year, the company posted $0.38 earnings per share. Cognex’s revenue was up 25.8% compared to the same quarter last year. On average, analysts predict that Cognex will post $1.33 earnings per share for the current fiscal year.
Cognex Corporation (NASDAQ:CGNX) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required.
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