Shares of IPG Photonics Co. (NASDAQ:IPGP – Get Free Report) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $87.75.
A number of research firms have commented on IPGP. Citigroup cut their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.
View Our Latest Stock Analysis on IPG Photonics
Institutional Investors Weigh In On IPG Photonics
IPG Photonics Stock Performance
NASDAQ:IPGP opened at $63.32 on Friday. IPG Photonics has a one year low of $56.71 and a one year high of $92.21. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -15.15 and a beta of 1.04. The firm’s fifty day moving average is $67.33 and its two-hundred day moving average is $72.04.
IPG Photonics (NASDAQ:IPGP – Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, equities research analysts predict that IPG Photonics will post 1.54 earnings per share for the current fiscal year.
About IPG Photonics
IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
Read More
- Five stocks we like better than IPG Photonics
- How Can Investors Benefit From After-Hours Trading
- Can TikTok Stock Picks Really Make You Rich?
- What Are Earnings Reports?
- The “Quality” Rotation: Back to Basics Investing
- Following Congress Stock Trades
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.