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 potential capital gains of 14.65 percent. The most pessimistic analyst gave a price target of 33, which equates to a potential downside 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -43.9 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's 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. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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. FARO has a PEG ratio of 2.34.
FARO has a 52-week high of 40.15 and a 52-week low of 29.00. The current market price is above the trailing year's low by 35.34 percent, and 2.24 percent below the 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 stock has a market capitalization of $0.661 billion. FARO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.