Zacks Investment Research Upgrades Fanuc (OTCMKTS:FANUY) to Buy

Fanuc (OTCMKTS:FANUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, January 30th. The brokerage presently has a $31.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 22.77% from the stock’s current price.

According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “

Shares of Fanuc (FANUY) opened at $25.25 on Tuesday. The company has a market cap of $50,850.00, a PE ratio of 61.59, a PEG ratio of 2.19 and a beta of 1.06. Fanuc has a 1-year low of $19.00 and a 1-year high of $30.42.

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Fanuc Company Profile

Fanuc Corporation provides factory automation products worldwide. The company offers CNC series, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and super nano machines. Fanuc Corporation was founded 1972 and is headquartered in Yamanashi, Japan.

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