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 highest price target was 45, implying a possible profit of 14.65 percent. The minimum price target given was 33, implying potential capital losses 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. The average change in earnings estimates over the last 90 days 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, 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. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 will post this quarters earnings in days, on 0000-00-00.