Cognex Corporation with ticker code (CGNX) have now 16 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $60.00 and $38.00 with the average target price sitting at $47.44. Given that the stocks previous close was at $38.79 this would indicate that there is a potential upside of 22.3%. Also worth taking note is the 50 day moving average now sits at $44.69 and the 200 day moving average is $41.69. The company has a market cap of 6.86B. The stock price is currently at: $40.00 USD
The potential market cap would be $8,389,798,464 based on the market consensus.
The company has a dividend yield of 2.09%. Other points of data to note are a P/E ratio of 88.89, revenue per share of $4.91 and a 2.83% return on assets.
Cognex Corporation is a provider of machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks where vision is required. The Company’s solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. It offers a range of machine vision systems and sensors, vision software, and industrial image-based barcode readers designed to meet customer needs at different performance and price points. Its products range from deep learning solutions that solve complex applications with unpredictable defects and deviations, to lower-cost vision sensors that conduct simple presence/absence inspections. Its products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries, and e-commerce packages, by locating, identifying, and inspecting them.
