Media coverage about FARO Technologies (NASDAQ:FARO) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FARO Technologies earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 46.3053977561813 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several analysts have recently issued reports on the company. Craig Hallum set a $60.00 target price on FARO Technologies and gave the stock a “buy” rating in a report on Monday, November 27th. Zacks Investment Research lowered FARO Technologies from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Noble Financial reissued a “buy” rating on shares of FARO Technologies in a report on Friday, November 3rd. BidaskClub raised FARO Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price objective (up from $42.00) on shares of FARO Technologies in a research note on Monday, October 30th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.50.
Shares of FARO Technologies (FARO) opened at $54.40 on Monday. The firm has a market capitalization of $909.09, a PE ratio of -5,440,000.00 and a beta of 1.43. FARO Technologies has a 12 month low of $31.90 and a 12 month high of $54.75.
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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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