PowerShares DWA Industrials Momentum Portfolio (PRN) Trades at $61.33 After Triangle; 5 Analysts Covering FARO Technologies, Inc. (FARO)

April 23, 2018 - By Shannon Black

FARO Technologies, Inc. (NASDAQ:FARO) Logo

Among 11 analysts covering Faro Technologies (NASDAQ:FARO), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Faro Technologies had 31 analyst reports since July 31, 2015 according to SRatingsIntel. Needham maintained it with “Buy” rating and $53.0 target in Friday, October 27 report. The company was maintained on Friday, October 6 by Stifel Nicolaus. The stock of FARO Technologies, Inc. (NASDAQ:FARO) has “Hold” rating given on Thursday, February 22 by Stifel Nicolaus. Craig Hallum maintained the shares of FARO in report on Friday, February 23 with “Buy” rating. The rating was maintained by Robert W. Baird with “Hold” on Friday, October 27. On Wednesday, September 9 the stock rating was initiated by Sterne Agee CRT with “Neutral”. The stock has “Hold” rating by Robert W. Baird on Thursday, February 22. Needham upgraded the stock to “Buy” rating in Monday, December 21 report. The stock has “Hold” rating by Noble Financial on Friday, July 31. Craig Hallum maintained the shares of FARO in report on Monday, November 27 with “Buy” rating. See FARO Technologies, Inc. (NASDAQ:FARO) latest ratings:

22/02/2018 Broker: Robert W. Baird Rating: Hold New Target: $60.0 Maintain
23/02/2018 Broker: Needham Rating: Buy New Target: $65.0 Maintain
22/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $55.0 Maintain
23/02/2018 Broker: Craig Hallum Rating: Buy New Target: $68.0 Maintain
22/02/2018 Broker: Canaccord Genuity Rating: Buy New Target: $66.0 Maintain
27/11/2017 Broker: Craig Hallum Rating: Buy New Target: $60.0 Maintain
30/10/2017 Broker: Craig Hallum Rating: Buy New Target: $55.0 Maintain
27/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $35.0 Maintain
27/10/2017 Broker: Needham Rating: Buy New Target: $53.0 Maintain
30/10/2017 Broker: Canaccord Genuity Rating: Buy Old Target: $42 New Target: $52 Maintain

PowerShares DWA Industrials Momentum Portfolio (PRN) formed triangle with $64.40 target or 5.00% above today’s $61.33 share price. PowerShares DWA Industrials Momentum Portfolio (PRN) has $132.06M valuation. The stock increased 0.18% or $0.11 during the last trading session, reaching $61.33. About 1,422 shares traded. PowerShares DWA Industrials Momentum Portfolio (NASDAQ:PRN) has risen 17.71% since April 23, 2017 and is uptrending. It has outperformed by 6.16% the S&P500.

The stock increased 0.48% or $0.3 during the last trading session, reaching $63.45. About 58,145 shares traded. FARO Technologies, Inc. (NASDAQ:FARO) has risen 70.69% since April 23, 2017 and is uptrending. It has outperformed by 59.14% the S&P500.

FARO Technologies Inc. designs, develops, makes, markets, and supports software driven, three-dimensional measurement, imaging, and realization systems for manufacturing, industrial, architecture, surveying, building information modeling, construction, public safety, cultural heritage, and other applications. The company has market cap of $1.08 billion. The firm offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and CAM2 software programs; and FARO Laser ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products without touching them, as well as offers a seven-axis contact/non-contact measurement device with an integrated laser scanner. It currently has negative earnings. It also provides FARO Gage, a combination of an articulated arm device with a computer and software; FARO Laser Tracker that combines a portable laser measurement tool, a computer, and CAM2 software programs; FARO Cobalt Array Imager, a metrology-grade structured light imager; FARO Tracer, which projects a laser line onto a surface or object; and FARO Focus laser scanner to measure and collect a cloud of data points.

Since March 8, 2018, it had 0 insider buys, and 3 insider sales for $1.47 million activity. Brubaker Lynn sold $130,800 worth of FARO Technologies, Inc. (NASDAQ:FARO) on Friday, March 9. Gale Jody Storm had sold 10,666 shares worth $637,543 on Thursday, March 8. $701,232 worth of FARO Technologies, Inc. (NASDAQ:FARO) shares were sold by RAAB SIMON.

FARO Technologies, Inc. (NASDAQ:FARO) Institutional Positions Chart