Analysts rate Cognex Corporation (CGNX:NSD) with a Buy rating and a $57 target

STA Research
by: STA Research
CGNX stock

Based on the Cognex Corporation stock forecast from 11 analysts, the average analyst CGNX stock price target is USD 57.80 over the next 12 months. Cognex Corporation’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of Cognex Corporation is Slightly Bullish, which is based on 8 positive signals and 5 negative signals. At the last closing, CGNX stock price was USD 41.72CGNX stock price has changed by -3.75% over the past week, -4.32% over the past month and -50.96% over the last year.

 

About Cognex Corporation (CGNX:NSD):

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.

 

Most Recent Analyst Ratings for CGNX’s Stock:

Target Raised Needham & Company LLC Buy USD 50 » USD 52 2022-09-20
Target Down Berenberg Capital Markets USD 60 2022-08-15
Downgraded JP Morgan Neutral » Underweight USD 40 2022-08-12
Target Down Daiwa Securities USD 54 2022-08-09
Maintains Morgan Stanley Equal-Weight USD 52 » USD 45 2022-08-04
Maintains Cowen Outperform USD 75 » USD 55 2022-08-03
Maintains Needham & Company LLC Buy USD 60 » USD 50 2022-08-03
Maintains Raymond James Strong Buy USD 80 » USD 75 2022-08-03
Downgraded Stephens OW » Equal-Weight USD 80 »USD 45 2022-08-03
Upgraded by Sanford Bernstein Market Perform »
Outperform USD 65 2022-08-03
Maintains Goldman Sachs Sell USD 59 » USD 41 2022-06-23
Maintains Raymond James Strong Buy USD 90 » USD 80 2022-06-09
Maintains Morgan Stanley Equal-Weight USD 68 » USD 52 2022-05-31
Maintains UBS Neutral USD 80 » USD 50 2022-05-26
Target Lowered by Cowen USD 95 » USD 75 2022-05-10
Target Raised Morgan Stanley Equal Weight USD 75 » USD 80 2022-04-07
Target Lowered by Goldman Sachs Sell USD 77 » USD 67 2022-03-07
Maintains Morgan Stanley Equal-Weight USD 83 » USD 75 2022-02-18
Upgrades JP Morgan & Company Neutral USD 80 » USD 68 2022-02-18
Target Lowered by D.A. Davidson USD 85 » USD 80 2022-02-18
Upgraded Daiwa  Neutral » Outperform USD 81 » USD 75 2022-01-25
Target Lowered Morgan Stanley Equal Weight USD 85 » USD 83 2022-01-14
Target Lowered by Cowen USD 100 » USD 95 2022-01-14
Target Lowered by Cowen Outperform USD 110 » USD 100 2021-11-12
Upgrades Morgan Stanley Equal-Weight USD 78 » USD 85 2021-11-12

 

 

What we like:

High market capitalization:

CGNX stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior return on equity:

Cognex Corporation has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization:

Cognex Corporation has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets:

Cognex Corporation has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow:

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow:

The company had positive total free cash flow in the most recent four quarters.

Superior Dividend Growth:

CGNX stock has shown top quartile dividend growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio:

CGNX stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

 

What we don’t like:

Poor risk adjusted returns:

Cognex Corporation is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns:

The average income yield of CGNX stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to book value:

CGNX stock price is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis:

CGNX stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis:

CGNX stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

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