Market Overview

IPG Photonics Trading At 'Significant Discount' To Historical Value, Says Canaccord

Share:
IPG Photonics Trading At 'Significant Discount' To Historical Value, Says Canaccord

Canaccord Genuity provided its outlook on IPG Photonics Corporation (NASDAQ: IPGP) on Tuesday.

The company maintains its Buy rating and $90 price target on IPG shares.

"While we expect further significant revisions to estimates to be behind the company with guidance for this year having already been reduced significantly from 'teens' revenue growth to the current 5–10 percent level, IPGP stock is currently trading at a significant discount to historical valuation multiples," wrote Canaccord.

Related Link: IPG Photonics Upgraded To Buy At Canaccord; "Brexit Enhances Already Attractive Entry Point"

The analysts said the stock was trading at an EV/EBITDA multiple of 8.6x NTM consensus expectations, which compares to the two- and five-year average multiple of 9.7x estimates.

The analysts expect the revenues to stand at $242 million for 2Q16, $958.2 million for 2016 and $1.1 billion for 2017. The EPS estimates for 2Q16, 2016 and 2017 are $1.19, $4.62 and $5.23, respectively. IPG is scheduled to release the second-quarter results on July 28.

Full ratings data available on Benzinga Pro.

Did you like this article? Could it have been improved? Please email feedback@benzinga.com with the story link to let us know!

Latest Ratings for IPGP

DateFirmActionFromTo
Nov 2020Northcoast ResearchUpgradesNeutralBuy
Nov 2020Raymond JamesDowngradesOutperformMarket Perform
Nov 2020Canaccord GenuityMaintainsHold

View More Analyst Ratings for IPGP
View the Latest Analyst Ratings

 

Related Articles (IPGP)

View Comments and Join the Discussion!

Posted-In: Analyst Color Earnings Long Ideas Price Target Previews Reiteration Analyst Ratings Trading Ideas

Latest Ratings

StockFirmActionPT
MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
NVDASusquehannaMaintains625.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com