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 most optimistic price target was 45, implying a possible profit of 14.65 percent. The lowest price target was 33, implying a possible loss of -15.92 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -10 percent. That number becomes -47.25 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
The growth rate of FARO's earnings is estimated by analysts to be 42.95 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. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of FARO is 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 lower than its 52-week high. FARO has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.