In a report released today, Brian Gesuale from Raymond James maintained a Hold rating on IPG Photonics (IPGP). The company’s shares closed last Tuesday at $256.49, close to its 52-week high of $262.55.
According to TipRanks.com, Gesuale is a 5-star analyst with an average return of 23.4% and a 75.9% success rate. Gesuale covers the Technology sector, focusing on stocks such as L3Harris Technologies, Caci International, and Roper Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IPG Photonics with a $276.77 average price target.
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The company has a one-year high of $262.55 and a one-year low of $98.04. Currently, IPG Photonics has an average volume of 233.2K.
Based on the recent corporate insider activity of 63 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.
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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.
