Analyst Ratings for FARO Technologies Inc. (FARO)Updated: 2017-07-28
Analysts covering FARO Technologies Inc. (NASDAQ:FARO) have given it a consensus rating of Overweight. About 30 days ago, FARO was issued an average rating of Overweight.
Of the 7 analysts covering the stock, 5 gave it a buy rating, 0 gave an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for FARO by the analysts covering the stock. The most optimistic analyst gave a price target of 45, implying a possible profit of 14.65 percent. The lowest price target was 33, implying a possible loss of -15.92 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -10 percent. The average change in earnings estimates over the last 90 days is -47.25 percent. Meanwhile, fiscal year estimates have been revised downwards by -4.72 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -43.9 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.
The growth rate of FARO's earnings is estimated by analysts to be 42.95 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. FARO has a PEG ratio of 2.34.
FARO has traded between a high of 40.15 and a low of 29.00 over the past year. Currently the stock is 35.34 percent higher than its low, and 2.24 percent below the high. FARO has a price/earnings ratio of 100.64. Investors typically compare the P/E ratio to a company's peers in the industry. The FARO value stock report compares FARO to some of its peers using value stock charts. The stock has a market capitalization of $0.661 billion. FARO's next earnings release will be on 0000-00-00, which is days away.