FARO Technologies (FARO) – Investment Analysts’ Recent Ratings Updates

FARO Technologies (NASDAQ: FARO) recently received a number of ratings updates from brokerages and research firms:

  • 11/16/2019 – FARO Technologies was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/14/2019 – FARO Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FARO Technologies, Inc. is the world’s most trusted source for 3D measurement technology. The Company develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. FARO Technologies capture and analysis of on-site real world data to investigate crash, crime and fire, plan security activities and provide virtual reality training for public safety personnel, and also Capture detailed and precise 3D data from existing products permitting CAD analysis and redesign, after market design and legacy part replication. “
  • 11/8/2019 – FARO Technologies was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 11/5/2019 – FARO Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “FARO Technologies, Inc. is the world’s most trusted source for 3D measurement technology. The Company develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. FARO Technologies capture and analysis of on-site real world data to investigate crash, crime and fire, plan security activities and provide virtual reality training for public safety personnel, and also Capture detailed and precise 3D data from existing products permitting CAD analysis and redesign, after market design and legacy part replication. “
  • 11/5/2019 – FARO Technologies was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/1/2019 – FARO Technologies was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/1/2019 – FARO Technologies was downgraded by analysts at G.Research, Llc from a “buy” rating to a “hold” rating.
  • 10/31/2019 – FARO Technologies was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating. They now have a $50.00 price target on the stock.
  • 10/16/2019 – FARO Technologies had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/11/2019 – FARO Technologies was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/1/2019 – FARO Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/23/2019 – FARO Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FARO Technologies, Inc. is the world’s most trusted source for 3D measurement technology. The Company develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. FARO Technologies capture and analysis of on-site real world data to investigate crash, crime and fire, plan security activities and provide virtual reality training for public safety personnel, and also Capture detailed and precise 3D data from existing products permitting CAD analysis and redesign, after market design and legacy part replication. “

NASDAQ FARO traded up $0.31 during trading on Tuesday, hitting $48.85. 118,837 shares of the company’s stock traded hands, compared to its average volume of 98,487. The stock has a fifty day moving average of $47.96 and a two-hundred day moving average of $49.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.32 and a quick ratio of 2.56. FARO Technologies, Inc. has a 12-month low of $37.58 and a 12-month high of $57.58. The firm has a market cap of $850.36 million, a P/E ratio of 106.20 and a beta of 1.71.

FARO Technologies (NASDAQ:FARO) last posted its quarterly earnings results on Wednesday, October 30th. The scientific and technical instruments company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). FARO Technologies had a negative net margin of 1.71% and a positive return on equity of 2.98%. The business had revenue of $90.52 million during the quarter, compared to analyst estimates of $98.57 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s revenue was down 9.2% on a year-over-year basis. As a group, analysts expect that FARO Technologies, Inc. will post -0.7 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in FARO Technologies by 395.8% during the third quarter. Tower Research Capital LLC TRC now owns 818 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 653 shares during the period. US Bancorp DE raised its stake in shares of FARO Technologies by 82.7% during the second quarter. US Bancorp DE now owns 1,253 shares of the scientific and technical instruments company’s stock valued at $66,000 after acquiring an additional 567 shares during the last quarter. Bank of Montreal Can raised its stake in shares of FARO Technologies by 29.1% during the second quarter. Bank of Montreal Can now owns 4,765 shares of the scientific and technical instruments company’s stock valued at $251,000 after acquiring an additional 1,075 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of FARO Technologies during the second quarter valued at about $298,000. Finally, State of Tennessee Treasury Department raised its stake in shares of FARO Technologies by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 7,352 shares of the scientific and technical instruments company’s stock valued at $355,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement and imaging solutions. It operates through three segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products.

Featured Article: What is channel trading?

Receive News & Ratings for FARO Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies Inc and related companies with MarketBeat.com's FREE daily email newsletter.