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.
A number of analysts gave price targets for FARO. The highest price target was 45, which equates to a potential upside of 14.65 percent. The most pessimistic price target was 33, implying a possible loss of -15.92 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 -10 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -47.25 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -4.72 percent, as compared to a month ago. 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 made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of FARO to grow at a rate of 42.95 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of FARO is 2.34.
In the last 52-weeks, FARO has achieved a high of 40.15 and a low of 29.00. Today's price is 35.34 percent above the 52-week low, and below the high by 2.24 percent. 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 market cap of FARO is $0.661 billion. FARO will post this quarters earnings in days, on 0000-00-00.