Zacks upgraded shares of FARO Technologies (NASDAQ: FARO) from an underperform rating to a neutral rating in a report released on Monday. Zacks currently has $45.30 target price on the stock.
FARO Technologies traded up 3.43% on Monday, hitting $44.97. FARO Technologies has a 52-week low of $31.10 and a 52-week high of $59.45. The stock’s 50-day moving average is currently $35.49. The company has a market cap of $763.3 million and a price-to-earnings ratio of 32.45.
A number of other firms have also recently commented on FARO. Analysts at Noble Financial upgraded shares of FARO Technologies from a sell rating to a hold rating in a research note to investors on Friday, March 1st. Separately, analysts at Stifel Nicolaus cut their price target on shares of FARO Technologies to $40.00 in a research note to investors on Monday, January 14th. Finally, analysts at Needham & Company cut their price target on shares of FARO Technologies from $40.00 to $37.00 in a research note to investors on Monday, January 14th. They now have a buy rating on the stock.
Two analysts have rated the stock with a buy rating, and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of overweight and a consensus target price of $42.67.
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