IPG Photonics Corp. (NASDAQ:IPGP) – Investment analysts at Credit Agricole SA upped their FY2017 earnings estimates for shares of IPG Photonics Corp. in a research note issued on Tuesday. Credit Agricole SA analyst J. Capron now anticipates that the firm will post earnings of $5.53 per share for the year, up from their prior estimate of $5.43. Credit Agricole SA currently has a “Outperform” rating and a $92.00 target price on the stock. Credit Agricole SA also issued estimates for IPG Photonics Corp.’s FY2018 earnings at $6.38 EPS.

Several other brokerages have also recently commented on IPGP. Zacks Investment Research upgraded shares of IPG Photonics Corp. from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Friday, October 28th. Canaccord Genuity set a $100.00 target price on shares of IPG Photonics Corp. and gave the company a “buy” rating in a research note on Thursday, August 11th. Summit Redstone reiterated a “buy” rating on shares of IPG Photonics Corp. in a research note on Thursday, July 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $96.00 target price (down from $98.00) on shares of IPG Photonics Corp. in a research note on Monday, August 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $96.86.

Earnings History and Estimates for IPG Photonics Corp. (NASDAQ:IPGP)

Shares of IPG Photonics Corp. (NASDAQ:IPGP) traded up 0.16% during trading on Thursday, hitting $94.99. 215,123 shares of the company’s stock were exchanged. IPG Photonics Corp. has a 12-month low of $73.55 and a 12-month high of $102.90. The company has a market cap of $5.04 billion, a P/E ratio of 20.74 and a beta of 2.07. The company has a 50-day moving average of $87.22 and a 200-day moving average of $84.97.

IPG Photonics Corp. (NASDAQ:IPGP) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.06. IPG Photonics Corp. had a net margin of 25.83% and a return on equity of 17.73%. The business earned $266 million during the quarter, compared to analysts’ expectations of $255.27 million. During the same period last year, the company posted $1.18 EPS. The business’s revenue was up 9.2% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in IPGP. State Street Corp raised its stake in IPG Photonics Corp. by 1.7% in the first quarter. State Street Corp now owns 953,583 shares of the company’s stock worth $91,622,000 after buying an additional 15,696 shares during the last quarter. Handelsbanken Fonder AB raised its stake in IPG Photonics Corp. by 2.2% in the second quarter. Handelsbanken Fonder AB now owns 187,800 shares of the company’s stock worth $15,024,000 after buying an additional 4,000 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in IPG Photonics Corp. by 5.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 153,993 shares of the company’s stock worth $12,319,000 after buying an additional 7,805 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in IPG Photonics Corp. by 212.8% in the first quarter. Goldman Sachs Group Inc. now owns 65,234 shares of the company’s stock worth $6,268,000 after buying an additional 44,381 shares during the last quarter. Finally, Princeton Capital Management Inc. raised its stake in IPG Photonics Corp. by 37.6% in the second quarter. Princeton Capital Management Inc. now owns 17,625 shares of the company’s stock worth $1,410,000 after buying an additional 4,817 shares during the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

In other IPG Photonics Corp. news, SVP Angelo P. Lopresti sold 5,589 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $96.30, for a total transaction of $538,220.70. Following the completion of the transaction, the senior vice president now directly owns 41,693 shares in the company, valued at $4,015,035.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Angelo P. Lopresti sold 1,911 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $96.31, for a total transaction of $184,048.41. Following the transaction, the senior vice president now owns 47,282 shares of the company’s stock, valued at $4,553,729.42. The disclosure for this sale can be found here. Company insiders own 34.20% of the company’s stock.

About IPG Photonics Corp.

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications.

5 Day Chart for NASDAQ:IPGP

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