IPG Photonics Corporation (IPGP) Receives a New Rating from a Top Analyst


Benchmark Co. analyst Mark Miller downgraded IPG Photonics Corporation (IPGP) to Hold today. The company’s shares closed yesterday at $174.73.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.4% and a 68.1% 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 $164.40, implying a -5.9% downside from current levels. In a report released today, Susquehanna also reiterated a Hold rating on the stock with a $164 price target.

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The company has a one-year high of $261.77 and a one-year low of $104.64. Currently, IPG Photonics Corporation has an average volume of 458.8K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IPGP in relation to earlier this year. Most recently, in March 2019, Michael Child, a Director at IPGP bought 6,667 shares for a total of $73,804.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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

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