What Cognex (CGNX) Investors Need to Know Today

Shares of Technology sector company Cognex moved 3.5% today, and are now trading at a price of $51.55. The mid-cap stock's daily volume was 562,111 compared to its average volume of 932,633. The S&P 500 index returned a 0.8% performance.

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. The company is based in Natick and has 2,257 full time employees. Its market capitalization is $8,914,541,568. Cognex currently offers its equity investors a dividend that yields 0.5% per year.

16 analysts are following Cognex and have set target prices ranging from $40 to $65 per share. On average, they have given the company a rating of hold. At today's prices, CGNX is trading 1.58% away from its average analyst target price of $50.75 per share.

Over the last year, CGNX shares have gone down by -33.9%, which represents a difference of -20.0% when compared to the S&P 500. The stock's 52 week high is $80.3 per share and its 52 week low is $40.21. With average free cash flows of $236,408,000 that have been growing at an average rate of 17.8% over the last four years, Cognex declining stock performance may not be reflective of the quality of its underlying business.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.