IPG Photonics Co. (NDAQ:IPGP) had its price target raised by Benchmark Co. from $116.00 to $125.00 in a research report report published on Wednesday, StockTargetPrices.com reports. The firm currently has a buy rating on the stock.
Separately, Dougherty & Co upgraded IPG Photonics from a neutral rating to a buy rating and set a $137.00 price target for the company in a report on Wednesday.
Shares of IPG Photonics (NDAQ:IPGP) traded up 4.23% during midday trading on Wednesday, reaching $121.97. The company had a trading volume of 289,401 shares. IPG Photonics has a 52 week low of $76.22 and a 52 week high of $124.27. The stock has a 50-day moving average of $105.61 and a 200 day moving average of $93.26. The firm has a market capitalization of $6.48 billion and a price-to-earnings ratio of 26.63.
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IPG Photonics Company Profile
IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications.
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