In a report released today, Jamie Cook from Truist Financial maintained a Buy rating on Cognex (CGNX – Research Report). The company’s shares closed yesterday at $40.94.
According to TipRanks, Cook is a 5-star analyst with an average return of 12.4% and a 62.45% success rate. Cook covers the Industrials sector, focusing on stocks such as United Rentals, Agco, and Caterpillar.
Cognex has an analyst consensus of Moderate Buy, with a price target consensus of $44.00.
CGNX market cap is currently $7.03B and has a P/E ratio of 62.70.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CGNX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cognex (CGNX) Company Description:
Cognex Corp. engages in the provision 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 was founded by Robert J. Shillman, William Silver, and Marilyn Matz in 1981 and is headquartered in Natick, MA.
