Analyst Rating Update on Cognex Corporation (CGNX)

Cognex Corporation (CGNX) : 8 analysts are covering Cognex Corporation (CGNX) and their average rating on the stock is 2.63, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cognex Corporation (CGNX) stock is expected to deviate a maximum of $6.22 from the average target price of $44.26 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $55 and the most muted being $37.

Company shares have received an average consensus rating of Hold for the current week


Cognex Corporation (NASDAQ:CGNX): The stock opened at $48.97 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.19 for the day. The stock traded down to $47.05 during the day, due to lack of any buying support eventually closed down at $48.54 with a loss of -0.82% for the day. The stock had closed at $48.94 on the previous day. The total traded volume was 1,239,530 shares.

Cognex Corporation is a provider of machine vision products that captures and analyzes visual information in order to automate tasks, primarily in manufacturing processes. The Company operates in the modular vision systems division (MVSD). The Companys products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world. MVSD develops, manufactures and markets modular vision systems and identification (ID) products that are used to automate the manufacture and tracking of discrete items, such as cellular phones, aspirin bottles and automobile wheels during the manufacturing or distribution process. The Companys registered marks include Cognex, VisionPro, In-Sight, Checker and DataMan, among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *