IPG Photonics (IPGP) Gets a Hold Rating from Raymond James


In a report released today, Brian Gesuale from Raymond James maintained a Hold rating on IPG Photonics (IPGP). The company’s shares closed last Thursday at $206.68.

According to TipRanks.com, Gesuale is a 5-star analyst with an average return of 19.4% and a 72.5% success rate. Gesuale covers the Technology sector, focusing on stocks such as L3Harris Technologies, Caci International, and Roper Technologies.

Currently, the analyst consensus on IPG Photonics is a Moderate Buy with an average price target of $274.06, implying a 29.2% upside from current levels. In a report issued on February 21, Canaccord Genuity also maintained a Hold rating on the stock with a $240.00 price target.

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IPG Photonics’ market cap is currently $11.06B and has a P/E ratio of 77.00. The company has a Price to Book ratio of 4.92.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IPGP in relation to earlier this year.

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 beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals. The company was founded by Valentin P. Gapontsev and Igor Samartsev in 1990 and is headquartered in Oxford, MA.

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