Analyst Ratings for Cognex Corp. (CGNX)

Updated: 2017-07-26

An average rating of Overweight has been given to Cognex Corp. (NASDAQ:CGNX) by analysts covering the stock. About 30 days ago, CGNX was issued an average rating of Overweight.

3 analysts declared CGNX a buy, 1 issued an overweight rating, 9 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.

CGNX was given price targets by several analysts. The maximum price target given was 101, which equates to a potential upside of 5.87 percent. The most pessimistic analyst gave a price target of 80, which equates to a potential downside of -16.14 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -10.75 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 7.73 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of CGNX's earnings is estimated by analysts to be 2.17 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. CGNX has a PEG ratio of 21.45.

CGNX has a 52-week high of 97.99 and a 52-week low of 43.93. Today's price is 117.16 percent above the 52-week low, and 2.64 percent lower than its 52-week high. CGNX has a price/earnings ratio of 46.54. Investors typically compare the P/E ratio to a company's peers in the industry. The CGNX value stock report compares CGNX to some of its peers using value stock charts. The market cap of CGNX is $8.24 billion. CGNX's next earnings release will be on 0000-00-00, which is days away.