In a report released today, Kenneth Newman from KeyBanc maintained a Hold rating on Cognex (CGNX – Research Report). The company’s shares closed yesterday at $43.36.
Newman covers the Industrials sector, focusing on stocks such as Applied Industrial Technologies, Herc Holdings, and United Rentals. According to TipRanks, Newman has an average return of 15.1% and a 68.97% success rate on recommended stocks.
Currently, the analyst consensus on Cognex is a Moderate Buy with an average price target of $44.38.
The company has a one-year high of $59.19 and a one-year low of $34.14. Currently, Cognex has an average volume of 1.56M.
Based on the recent corporate insider activity of 31 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 CGNX in relation to earlier this year.
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Cognex (CGNX) Company Description:
Cognex Corp. engages in the provision of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The company was founded by Robert J. Shillman, William Silver, and Marilyn Matz in 1981 and is headquartered in Natick, MA.
