FARO Technologies Coverage Initiated at Gabelli (FARO)

Share on StockTwits

Stock analysts at Gabelli initiated coverage on shares of FARO Technologies (NASDAQ: FARO) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $39.00 price target on the stock. Gabelli’s price objective points to a potential upside of 4.22% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Needham & Company raised their price target on shares of FARO Technologies from $40.00 to $48.00 in a research note to investors on Friday, May 3rd. They now have a “buy” rating on the stock. Analysts at Zacks downgraded shares of FARO Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 1st. They now have a $46.30 price target on the stock.

Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.26.

FARO Technologies (NASDAQ: FARO) opened at 37.42 on Friday. FARO Technologies has a 1-year low of $31.10 and a 1-year high of $57.93. The stock’s 50-day moving average is currently $41.49. The company has a market cap of $639.5 million and a price-to-earnings ratio of 30.67.

FARO Technologies (NASDAQ: FARO) last released its earnings data on Wednesday, May 1st. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.03. The company had revenue of $65.40 million for the quarter, compared to the consensus estimate of $67.61 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that FARO Technologies will post $1.44 earnings per share for the current fiscal year.

FARO Technologies, Inc. designs, develops, manufactures, markets and supports portable, software driven, three-dimensional (NASDAQ: FARO) measurement and imaging systems used in a range of manufacturing, industrial, building construction and forensic applications.

The Fly On The Wall

Latest News

Lackluster Data from Factories Hits Stocks
Lackluster Data from Factories Hits Stocks
Another Hack on a Payment Card System
Another Hack on a Payment Card System
Private Social Network Ello Generating Buzz
Private Social Network Ello Generating Buzz
Data Breaches at Record Highs for 2014
Data Breaches at Record Highs for 2014
Activist Investor Insists Yahoo Buy AOL
Activist Investor Insists Yahoo Buy AOL
Nike Profit Driven by Higher Margins and Demand Across Europe
Nike Profit Driven by Higher Margins and Demand Across Europe


Leave a Reply

 
 
© 2006-2014 Ticker Report. Google+.