Can analysts adopt a bullish outlook for Cognex Corporation (NASDAQ:CGNX)?

Lloyd Doyle
December 8, 2017

About 321,137 shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since December 6, 2016 and is uptrending. It has underperformed by 3.55% the S&P500.

Crow Point Partners Llc increased Alliance Data Systems Corporation (ADS) stake by 880.12% reported in 2017Q2 SEC filing. Schwab Charles Invest Management holds 0.03% in Cognex Corporation (NASDAQ:CGNX) or 392,145 shares. The Stephens Investment Management Group Llc holds 698,792 shares with $59.33M value, down from 815,022 last quarter. BB&T Corp increased its position in Cognex by 2.0% during the 2nd quarter. During the same quarter last year, the company earned $0.31 earnings per share. analysts expect that Cognex will post 1.39 earnings per share for the current fiscal year. About 2.70M shares traded or 49.24% up from the average. Cognex Corporation has $13500 highest and $33 lowest target. It has outperformed by 114.30% the S&P500. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. Therefore 88% are positive. Wolfe Research upgraded shares of Cognex from a "market perform" rating to an "outperform" rating in a research report on Monday, August 14th. FBR Capital initiated Cognex Corporation (NASDAQ:CGNX) on Wednesday, November 11 with "Mkt Perform" rating. Needham maintained Cognex Corporation (NASDAQ:CGNX) rating on Tuesday, August 4. The firm has "Underperform" rating given on Thursday, March 24 by CSLA.

In related news, Director Jeffrey Benjamin Miller sold 7,500 shares of the firm's stock in a transaction on Wednesday, November 1st. Canaccord Genuity lifted their price objective on Cognex from $47.50 to $60.00 and gave the stock a "hold" rating in a research note on Tuesday, October 31st. Amalgamated Comml Bank holds 0.05% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 16,957 shares. The company was maintained on Monday, July 31 by Canaccord Genuity. The firm earned "Hold" rating on Tuesday, June 14 by Canaccord Genuity. The company was initiated on Friday, November 4 by Compass Point. Mutual Of America Capital Limited Company owns 70,417 shares. Eversource Energy was reduced too.

The stock increased 1.94% or $1.2 during the last trading session, reaching $63.19. Its up 0.37, from 0.96 in 2017Q1. Huntington National Bank raised its holdings in shares of Cognex by 67.3% during the 3rd quarter. 73 funds opened positions while 110 raised stakes. Morgan Stanley stated it has 647,476 shares.

461,384 are held by Kayne Anderson Rudnick Inv Management Ltd Company. Investors of record on Friday, November 17th were issued a dividend of $0.045 per share. Capstone Inv Lc reported 0.02% of its portfolio in Cognex Corporation (NASDAQ:CGNX). The scientific and technical instruments company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Silvercrest Asset Mgmt Group Limited Liability Company accumulated 2,648 shares. Wells Fargo & Com Mn holds 361,150 shares or 0.01% of its portfolio. Next Century Growth Ltd holds 1.28% or 157,362 shares. Kornitzer Capital Mgmt Inc Ks has 0.05% invested in Cognex Corporation (NASDAQ:CGNX). The Minnesota-based Riverbridge Prns Limited Liability Co has invested 0.41% in Cognex Corporation (NASDAQ:CGNX). Robert W. Baird lifted their price objective on shares of Cognex from $50.00 to $62.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 31st. Fiera Cap stated it has 237,115 shares or 0.1% of all its holdings. The company now has a consensus rating of "Hold" and a consensus price target of $56.86. Premier had 34 analyst reports since August 25, 2015 according to SRatingsIntel. On Thursday, December 8 the stock rating was initiated by Deutsche Bank with "Buy". As per Tuesday, August 22, the company rating was maintained by Oppenheimer. The ex-dividend date of this dividend was Thursday, November 16th.

Investors sentiment increased to 0.85 in Q2 2017. 208.75 million shares or 1.40% less from 211.71 million shares in 2017Q1 were reported. DeVore Susan D. had sold 40,000 shares worth $1.41 million. State Treasurer State Of Michigan, a Michigan-based fund reported 35,700 shares.

Premier, Inc., together with its subsidiaries, operates as a healthcare improvement firm in the United States. The company has market cap of $338.72 million. It has a 46.34 P/E ratio. The Supply Chain Services segment offers its members with access to a range of services and products, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and document shredding services and software-as-a-service informatics products.

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