FARO Technologies (NASDAQ:FARO – Get Rating) had its price objective dropped by research analysts at DA Davidson from $50.00 to $40.00 in a research note issued on Thursday, The Fly reports. DA Davidson’s price target would indicate a potential upside of 10.53% from the company’s current price.
FARO has been the subject of a number of other reports. Robert W. Baird dropped their price objective on FARO Technologies from $62.00 to $50.00 in a report on Thursday, April 28th. Craig Hallum downgraded FARO Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $74.00 to $40.00 in a report on Thursday, April 28th. Finally, Needham & Company LLC lowered their price target on FARO Technologies from $50.00 to $40.00 and set a “buy” rating for the company in a report on Thursday.
FARO Technologies Stock Up 1.1 %
FARO stock opened at $36.19 on Thursday. The company has a market cap of $660.87 million, a price-to-earnings ratio of -12.27 and a beta of 1.46. The business has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $42.04. FARO Technologies has a 52 week low of $27.84 and a 52 week high of $83.39.
Institutional Trading of FARO Technologies
About FARO Technologies
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points.
- Get a free copy of the StockNews.com research report on FARO Technologies (FARO)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for FARO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.