Fanuc Corp. (OTCMKTS:FANUY) Rating Increased to Buy at Zacks Investment Research

Fanuc Corp. (OTCMKTS:FANUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, August 28th. The brokerage presently has a $22.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.89% from the company’s current price.

According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “

Separately, Macquarie restated a “neutral” rating on shares of Fanuc Corp. in a research report on Monday, July 31st.

Shares of Fanuc Corp. (FANUY) traded up 1.88% on Monday, reaching $20.02. 182,160 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $19.80 and its 200-day moving average price is $19.93. The company has a market capitalization of $38.81 billion, a P/E ratio of 30.52 and a beta of 0.68. Fanuc Corp. has a 1-year low of $16.43 and a 1-year high of $21.74.

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Fanuc Corp. Company Profile

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