Analyst Activity – Canaccord Genuity Raises Its Price Target On FARO Technologies (NASDAQ:FARO) to $42.00

ME Staff
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Analyst Ratings For FARO Technologies (NASDAQ:FARO)

Today, Canaccord Genuity raised its price target on FARO Technologies (NASDAQ:FARO) to $42.00 per share.

There are 1 hold rating, 4 buy ratings on the stock.

The current consensus rating on FARO Technologies (NASDAQ:FARO) is Buy (Score: 2.80) with a consensus target price of $41.00 per share, a potential 10.66% upside.

Some recent analyst ratings include

  • 8/3/2017-Gabelli was Downgraded by analysts at Gabelli from a “Buy ” rating to a ” Hold” rating. They now have a $38.00 price target on the stock.
  • 6/27/2017-Craig Hallum initiated coverage with a Buy rating.
  • 5/13/2017-Noble Financial Reiterated Rating of Buy.
  • 5/11/2016-FBR & Co Reiterated Rating of Market Perform.

Recent Insider Trading Activity For FARO Technologies (NASDAQ:FARO)
FARO Technologies (NASDAQ:FARO) has insider ownership of 2.40% and institutional ownership of 93.86%.

  • On 5/6/2016 Stephen Cole, Director, bought 5,000 with an average share price of $33.80 per share and the total transaction amounting to $169,000.00. View SEC Filing
  • On 11/6/2015 Marvin R Sambur, Director, bought 2,200 with an average share price of $24.96 per share and the total transaction amounting to $54,912.00. View SEC Filing
  • On 5/4/2015 Stephen Cole, Director, bought 2,000 with an average share price of $40.50 per share and the total transaction amounting to $81,000.00. View SEC Filing
  • On 2/26/2015 Jay Freeland, CEO, sold 40,000 with an average share price of $60.33 per share and the total transaction amounting to $2,413,200.00. View SEC Filing
  • On 5/29/2014 Jody Storm Gale, SVP, bought 1,000 with an average share price of $42.36 per share and the total transaction amounting to $42,360.00. View SEC Filing
  • On 3/11/2014 Keith Bair, CFO, sold 1,592 with an average share price of $54.80 per share and the total transaction amounting to $87,241.60. View SEC Filing
  • On 3/4/2014 Joseph Arezone, SVP, sold 2,557 with an average share price of $57.06 per share and the total transaction amounting to $145,902.42. View SEC Filing

Recent Trading Activity for FARO Technologies (NASDAQ:FARO)
Shares of FARO Technologies closed the previous trading session at 35.35 down -1.70 -4.59% with 485,564 shares trading hands.