Media stories about Cognex (NASDAQ:CGNX) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cognex earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.5087308140702 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
A number of brokerages have weighed in on CGNX. BidaskClub lowered Cognex from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Deutsche Bank set a $80.00 price target on Cognex and gave the stock a “buy” rating in a research note on Friday, January 19th. Zacks Investment Research lowered Cognex from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine lowered Cognex from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, JPMorgan Chase & Co. lowered Cognex from a “neutral” rating to an “underweight” rating and set a $62.50 target price on the stock. in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Cognex presently has an average rating of “Hold” and an average target price of $63.00.
Cognex (NASDAQ:CGNX) traded up $0.02 during mid-day trading on Tuesday, hitting $54.91. The stock had a trading volume of 521,607 shares, compared to its average volume of 1,614,859. The firm has a market cap of $9,510.00, a P/E ratio of 40.38 and a beta of 1.44. Cognex has a 1-year low of $34.33 and a 1-year high of $72.99.
In related news, Director Patrick Alias sold 5,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $143.54, for a total transaction of $717,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.
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Cognex Company Profile
Cognex Corporation (Cognex) is a provider 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 operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.
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