Zacks Investment Research upgraded shares of Fanuc (OTCMKTS:FANUY) from a hold rating to a buy rating in a research note published on Thursday morning. They currently have $27.00 price objective on the industrial products company’s stock.
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. “
Fanuc stock opened at $24.17 on Thursday. The company has a market capitalization of $48,055.42, a PE ratio of 39.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.07. Fanuc has a 12 month low of $19.00 and a 12 month high of $30.42.
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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 in 1972 and is headquartered in Minamitsuru-gun, Japan.
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