Zacks Rating on Cognex Corporation (CGNX)

Cognex Corporation (CGNX) has an average broker rating of 2.56, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 considers that the stock is a Sell.

Cognex Corporation (CGNX) stock is expected to deviate a maximum of $6.91 from the average target price of $51.01 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $40.


Shares of Cognex Corporation rose by 0.5% in the last five trading days and 15.07% for the last 4 weeks. Cognex Corporation is up 21.36% in the last 3-month period. Year-to-Date the stock performance stands at 49.12%. Cognex Corporation (NASDAQ:CGNX): stock turned positive on Tuesday. Though the stock opened at $49.89, the bulls momentum made the stock top out at $50.27 level for the day. The stock recorded a low of $49.6 and closed the trading day at $50.18, in the green by 1.01%. The total traded volume for the day was 385,694. The stock had closed at $49.68 in the previous days trading.

Cognex Corporation is a provider of machine vision products that captures and analyzes visual information in order to automate tasks, primarily in manufacturing processes. The Company operates in the modular vision systems division (MVSD). The Companys products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world. MVSD develops, manufactures and markets modular vision systems and identification (ID) products that are used to automate the manufacture and tracking of discrete items, such as cellular phones, aspirin bottles and automobile wheels during the manufacturing or distribution process. The Companys registered marks include Cognex, VisionPro, In-Sight, Checker and DataMan, among others.

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