Benchmark Co. Maintains a Buy Rating on IPG Photonics Corporation (IPGP)


Benchmark Co. analyst Mark Miller maintained a Buy rating on IPG Photonics Corporation (IPGP) today and set a price target of $165. The company’s shares closed yesterday at $147.15.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 20.7% and a 65.6% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Nanometrics Inc.

IPG Photonics Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $166.

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IPG Photonics Corporation’s market cap is currently $7.86B and has a P/E ratio of 21.20. The company has a Price to Book ratio of 3.56.

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IPG Photonics Corp. engages in the design, development, production, and distribution of fiber lasers, fiber amplifiers and diode lasers. Its products include lasers systems, beam delivery, medical, telecom equipment, and components such as pump diodes, chillers, and mid-IR crystals.

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