FARO Technologies (FARO) Getting Somewhat Positive Press Coverage, Study Finds
News articles about FARO Technologies (NASDAQ:FARO) have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FARO Technologies earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 46.3053977561813 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of analysts have recently commented on FARO shares. Noble Financial reissued a “buy” rating on shares of FARO Technologies in a research note on Friday, November 3rd. BidaskClub lowered FARO Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Stifel Nicolaus lifted their price target on FARO Technologies from $33.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Craig Hallum set a $55.00 price objective on FARO Technologies and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded FARO Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.50.
FARO Technologies (FARO) opened at $54.40 on Monday. FARO Technologies has a 1 year low of $31.90 and a 1 year high of $54.75. The stock has a market capitalization of $909.09, a PE ratio of -5,440,000.00 and a beta of 1.43.
About FARO Technologies
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
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