Fanuc Corp. (FANUY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Fanuc Corp. (OTCMKTS:FANUY) from a hold rating to a buy rating in a research report sent to investors on Tuesday, November 7th. Zacks Investment Research currently has $27.00 target price on the industrial products company’s stock.

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 reissued a neutral rating on shares of Fanuc Corp. in a research note on Monday, July 31st.

Fanuc Corp. (OTCMKTS FANUY) opened at $24.46 on Tuesday. The firm has a market cap of $47,417.18, a P/E ratio of 59.66, a price-to-earnings-growth ratio of 3.00 and a beta of 0.74. Fanuc Corp. has a one year low of $16.52 and a one year high of $25.05.

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About Fanuc Corp.

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