Analyst Downgrades – IPG Photonics Corporation (NASDAQ:IPGP) Stock Gets Downgraded By Canaccord Genuity from Buy to Hold

ME Staff
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Analyst Ratings For IPG Photonics Corporation (NASDAQ:IPGP)

Today, IPG Photonics Corporation (NASDAQ:IPGP) stock was downgraded by Canaccord Genuity from Buy to Hold with a price target of $152.00.

There are 3 hold ratings, 5 buy ratings on the stock.

The current consensus rating on IPG Photonics Corporation (NASDAQ:IPGP) is Buy (Score: 2.63) with a consensus target price of $134.00 per share, a potential 12.87% downside.

Some recent analyst ratings include

  • 7/18/2017-Canaccord Genuity was Downgraded by analysts at Canaccord Genuity from a “Buy ” rating to a ” Hold” rating. They now have a $152.00 price target on the stock.
  • 6/6/2017-Macquarie was Downgraded by analysts at Macquarie from a “Outperform ” rating to a ” Neutral” rating. They now have a $24.00 price target on the stock, up previously from $28.00 .
  • 6/6/2017-Longbow Research Upgrade from a “Neutral ” rating to a ” Buy” rating.

Recent Insider Trading Activity For IPG Photonics Corporation (NASDAQ:IPGP)
IPG Photonics Corporation (NASDAQ:IPGP) has insider ownership of 34.20% and institutional ownership of 60.08%.

  • On 6/30/2017 Trevor Ness, SVP, sold 5,000 with an average share price of $145.69 per share and the total transaction amounting to $728,450.00. View SEC Filing
  • On 6/5/2017 Thomas J Seifert, Director, sold 2,849 with an average share price of $141.47 per share and the total transaction amounting to $403,048.03. View SEC Filing
  • On 5/11/2017 Angelo P Lopresti, SVP, sold 4,626 with an average share price of $138.00 per share and the total transaction amounting to $638,388.00. View SEC Filing
  • On 5/10/2017 Valentin Gapontsev Trust I, Major Shareholder, sold 23,800 with an average share price of $135.40 per share and the total transaction amounting to $3,222,520.00. View SEC Filing
  • On 5/2/2017 Valentin Gapontsev Trust I, Major Shareholder, sold 200 with an average share price of $140.00 per share and the total transaction amounting to $28,000.00. View SEC Filing
  • On 12/15/2016 Igor Samartsev, Insider, sold 4,000 with an average share price of $99.35 per share and the total transaction amounting to $397,400.00. View SEC Filing
  • On 12/15/2016 Thomas J Seifert, Director, sold 990 with an average share price of $100.02 per share and the total transaction amounting to $99,019.80. View SEC Filing

Recent Trading Activity for IPG Photonics Corporation (NASDAQ:IPGP)
Shares of IPG Photonics Corporation closed the previous trading session at 150.78 down -3.03 -1.97% with 388,425 shares trading hands.