Shares of IPG Photonics Co. (NASDAQ:IPGP – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $93.50.
A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price target on IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Raymond James lowered their price target on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 31st. Finally, Benchmark cut IPG Photonics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st.
Get Our Latest Analysis on IPG Photonics
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IPG Photonics Price Performance
Shares of NASDAQ IPGP opened at $74.63 on Wednesday. The firm has a market capitalization of $3.40 billion, a PE ratio of 19.23 and a beta of 1.00. IPG Photonics has a 1-year low of $61.86 and a 1-year high of $111.11. The business’s fifty day moving average price is $70.39 and its two-hundred day moving average price is $79.57.
IPG Photonics (NASDAQ:IPGP – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $259.31 million. IPG Photonics had a net margin of 12.67% and a return on equity of 5.99%. IPG Photonics’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same period last year, the business posted $1.31 earnings per share. Equities research analysts expect that IPG Photonics will post 1.38 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.
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