Fanuc Corp. (FANUY) Lifted to “Buy” at Zacks Investment Research
Fanuc Corp. (OTCMKTS:FANUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $27.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 9.53% from the stock’s previous close.
According to Zacks, “Fanuc Ltd. is a manufacturer of factory automation and robots. It is engaged in the development, manufacture, sale and maintenance of robots and factory automation products primarily in Japan, US, Europe and other Asian countries. The Company’s technology is applied in the automation of machine tools. Its products lineup includes: computer numerical control series; servo motors; carbon dioxide laser oscillators; industrial lasers; robots and robot machines; machine for milling and boring, precision molding machines, wire-cut electric discharge machine and nano control technology based machines that have their applications in optical electronics, medical, semiconductor and biotechnology fields. Fanuc Ltd. is headquartered in Yamanashi Prefecture, Japan. “
Separately, Macquarie reaffirmed a “neutral” rating on shares of Fanuc Corp. in a research report on Monday, July 31st.
Shares of Fanuc Corp. (FANUY) traded up $0.60 on Tuesday, reaching $24.65. The company had a trading volume of 230,777 shares, compared to its average volume of 195,215. Fanuc Corp. has a 52-week low of $16.52 and a 52-week high of $24.65. The company has a market capitalization of $49,080.00, a PE ratio of 58.07, a PEG ratio of 2.92 and a beta of 0.77.
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About Fanuc Corp.
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