Media stories about Cognex (NASDAQ:CGNX) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cognex earned a news impact score of 0.14 on Accern’s scale. Accern also gave media stories about the scientific and technical instruments company an impact score of 47.3001211516866 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Signals from Technical Perspective – Cognex Corporation (NASDAQ: CGNX) – Stocks Market Cap (stocksmarketcap.com)
- Are you searching Analysts Rated Stock: Cognex Corporation (CGNX) – Wall Street Morning (wallstreetmorning.com)
- Significant Movements: -Cognex Corporation (CGNX) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Price to Earnings Ratio in the Spotlight – Cognex Corporation (NASDAQ: CGNX) – Stocks Market Cap (stocksmarketcap.com)
- Cognex Co. (CGNX) Shares Bought by Amalgamated Bank (americanbankingnews.com)
Shares of Cognex (CGNX) traded up $1.43 during trading on Friday, reaching $56.09. 1,498,338 shares of the company’s stock were exchanged, compared to its average volume of 2,490,000. The stock has a market cap of $9,710.00, a P/E ratio of 57.23 and a beta of 1.54. Cognex has a 52 week low of $38.67 and a 52 week high of $72.99.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 0.32%. The ex-dividend date is Thursday, March 1st. Cognex’s dividend payout ratio is 18.37%.
Cognex announced that its Board of Directors has initiated a share buyback plan on Thursday, February 15th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Several research analysts have commented on CGNX shares. Deutsche Bank set a $80.00 price objective on shares of Cognex and gave the company a “buy” rating in a report on Friday, January 19th. BidaskClub raised shares of Cognex from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. ValuEngine cut shares of Cognex from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research cut shares of Cognex from a “strong-buy” rating to a “sell” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $66.83.
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Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.
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