Published On: Wed, Oct 19th, 2016

Recently Changed Price Targets On IPG Photonics Corporation (NASDAQ:IPGP)


A number of investment brokers have recently updated their price targets on shares of IPG Photonics Corporation (NASDAQ:IPGP).

Most recent broker ratings

09/12/2016 – IPG Photonics Corporation had its “outperform” rating reiterated by analysts at CLSA. They now have a USD 92 price target on the stock.

07/29/2016 – IPG Photonics Corporation had its “buy” rating reiterated by analysts at Needham & Company. They now have a USD 96 price target on the stock.

07/20/2016 – IPG Photonics Corporation had its “buy” rating reiterated by analysts at Canaccord Genuity. They now have a USD 90 price target on the stock.

05/11/2016 – IPG Photonics Corporation had its “mkt perform” rating reiterated by analysts at FBR Capital Markets. They now have a USD 92 price target on the stock.

04/29/2016 – IPG Photonics Corporation had its “outperform” rating reiterated by analysts at Credit Agricole.

04/28/2016 – IPG Photonics Corporation had its “buy” rating reiterated by analysts at Benchmark. They now have a USD 93 price target on the stock.

04/28/2016 – IPG Photonics Corporation was downgraded to “neutral” by analysts at Dougherty & Co.

04/15/2016 – Raymond James began new coverage on IPG Photonics Corporation giving the company a “market perform” rating.

12/10/2015 – Oppenheimer began new coverage on IPG Photonics Corporation giving the company a “perform” rating.

09/21/2015 – D.A. Davidson began new coverage on IPG Photonics Corporation giving the company a “buy” rating. They now have a USD 110 price target on the stock.

03/23/2015 – IPG Photonics Corporation was downgraded to “hold” by analysts at Stifel Nicolaus.

12/02/2014 – IPG Photonics Corporation was downgraded to “neutral” by analysts at Zacks. They now have a USD 79.2 price target on the stock.

09/11/2014 – Northcoast Research began new coverage on IPG Photonics Corporation giving the company a “buy” rating.

07/29/2014 – IPG Photonics Corporation had its “buy” rating reiterated by analysts at Noble Financial. They now have a USD 86 price target on the stock.

The share price of IPG Photonics Corporation (NASDAQ:IPGP) was down -0.28% during the last trading session, with a day high of 83.60. 142931 shares were traded on IPG Photonics Corporation’s last session.

The stock’s 50 day moving average is 83.47 and its 200 day moving average is 85.46. The stock’s market capitalization is 4.39B. IPG Photonics Corporation has a 52-week low of 70.21 and a 52-week high of 102.90.

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Company has sales offices in the United States, Germany, Russia, Italy, Turkey, the United Kingdom, France, Spain, Poland, Czech Republic, China, Japan, South Korea, Singapore and India. The Company’s manufacturing facilities are located in the United States, Germany and Russia. The Company also manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers. In addition, the Company offers laser-based systems for certain markets and applications.