.png "IPG Photonics Corporation (NASDAQ: IPGP)")
In a report released today, James Ricchiuti from Needham downgraded IPG Photonics Corporation (IPGP) to Hold. The company’s shares closed last Monday at $136.01.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 15.2% and a 62.8% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as Teledyne Technologies Inc, Universal Display, and II-VI Inc.
Currently, the analyst consensus on IPG Photonics Corporation is a Moderate Buy with an average price target of $160.00.
See today’s analyst top recommended stocks >>
IPG Photonics Corporation’s market cap is currently $7.24B and has a P/E ratio of 24.29. The company has a Price to Book ratio of 3.06.
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.
