Impact of Brokerage Rating on IPG Photonics Corporation(IPGP)

Many IPG Photonics Corporation(IPGP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Needham on Jan 31, 2017 to Buy, Raises Price Target to $ 120 from a previous price target of $110 .Company shares were Reiterated by The Benchmark Company on Jan 30, 2017 to Buy, Raises Price Target to $ 116 from a previous price target of $100 .

Company has reported several Insider transactions to the SEC, on Dec 15, 2016, Igor Samartsev (Chief Technology Officer) sold 4,000 shares at 99.35 per share price.On Dec 15, 2016, Thomas J Seifert (director) sold 990 shares at 100.02 per share price.On Dec 15, 2016, William S Hurley (director) sold 5,000 shares at 99.62 per share price.

IPG Photonics Corporation Last issued its quarterly earnings results on Feb 14, 2017. The company reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.14. Analyst had a consensus of $1.25. The company had revenue of $280.10 million for the quarter, compared to analysts expectations of $263.53 million. The companys revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

IPG Photonics Corporation (NASDAQ:IPGP) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.78 by 9 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

IPG Photonics Corporation (NASDAQ:IPGP): According to 7 Analysts, The short term target price has been estimated at $ 111.14.The target price could deviate by a maximum of $13.2 from the forecast price. In the near term, the target price could hit a high of $130 and a low of $ 90.

IPG Photonics Corporation (NASDAQ:IPGP) rose 0.81% or 0.94 points on Tuesday and made its way into the gainers of the day. After trading began at $116.08 the stock was seen hitting $120.11 as a peak level and $111.51 as the lowest level. The stock ended up at $117.02. The daily volume was measured at 633,986 shares. The 52-week high of the share price is $120.11 and the 52-week low is $75.6058. The company has a market cap of $6,215 million.

IPG PHOTONICS is the world leader in high-power fiber lasers and amplifiers. IPG pioneered the development and commercialization of optical fiber-based lasers for use in a wide range of applications such as materials processing, advanced applications, telecommunications and medical applications. Fiber lasers have revolutionized the industry by delivering superior performance, reliability and usability at a lower total cost of ownership compared with conventional lasers, allowing end users to increase productivity and decrease operating costs. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout the world.

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