Share on StockTwits

Cognex (NASDAQ:CGNX) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Analyst Ratings 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.