IPG Photonics (IPGP) Gets Canaccord Genuity Lower Rating; Shorts at Wingstop (WING) Raised By 2.43%

July 18, 2017 - By Stephen Andrade

Among 12 analysts covering IPG Photonics (NASDAQ:IPGP), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. IPG Photonics has $16000 highest and $80 lowest target. $126.63’s average target is -17.67% below currents $153.81 stock price. IPG Photonics had 21 analyst reports since September 15, 2015 according to SRatingsIntel. Dougherty & Company upgraded the stock to “Buy” rating in Wednesday, February 15 report. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Neutral” rating given on Thursday, April 28 by Dougherty & Company. The company was maintained on Tuesday, January 31 by Needham. The stock of IPG Photonics Corporation (NASDAQ:IPGP) earned “Outperform” rating by CLSA on Friday, April 29. The firm has “Buy” rating by Benchmark given on Wednesday, October 28. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Buy” rating given on Wednesday, June 29 by Canaccord Genuity. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Buy” rating given on Tuesday, June 20 by Needham. The firm has “Market Perform” rating given on Friday, April 15 by Raymond James. Stifel Nicolaus maintained IPG Photonics Corporation (NASDAQ:IPGP) on Friday, June 30 with “Hold” rating. The stock of IPG Photonics Corporation (NASDAQ:IPGP) has “Buy” rating given on Wednesday, February 15 by Benchmark.

Wingstop Incorporated (NASDAQ:WING) had an increase of 2.43% in short interest. WING’s SI was 8.70M shares in July as released by FINRA. Its up 2.43% from 8.49M shares previously. With 398,300 avg volume, 22 days are for Wingstop Incorporated (NASDAQ:WING)’s short sellers to cover WING’s short positions. The SI to Wingstop Incorporated’s float is 30.54%. The stock decreased 0.86% or $0.26 during the last trading session, reaching $30.14. About shares traded. Wingstop Inc (NASDAQ:WING) has risen 29.85% since July 18, 2016 and is uptrending. It has outperformed by 13.15% the S&P500.

Wingstop Inc. is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The company has market cap of $875.67 million. The Firm operates through two divisions: Franchise and Company. It has a 49.65 P/E ratio. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.

Among 9 analysts covering Wingstop (NASDAQ:WING), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Wingstop had 12 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Monday, June 26. The firm earned “Buy” rating on Friday, April 1 by Goldman Sachs. Goldman Sachs maintained it with “Buy” rating and $33 target in Friday, August 12 report. Suntrust Robinson initiated the stock with “Buy” rating in Thursday, October 8 report. Guggenheim initiated the shares of WING in report on Tuesday, December 1 with “Buy” rating. The stock of Wingstop Inc (NASDAQ:WING) has “Buy” rating given on Thursday, July 6 by Wedbush. Cowen & Co initiated it with “Outperform” rating and $34 target in Tuesday, April 19 report. The stock has “Buy” rating by SunTrust on Thursday, October 8. The rating was downgraded by Jefferies to “Hold” on Wednesday, January 4. Wells Fargo upgraded the shares of WING in report on Monday, November 14 to “Outperform” rating.

IPG Photonics Corporation is a developer and maker of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The company has market cap of $8.45 billion. The Firm offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications. It has a 28.97 P/E ratio. The Firm sells its products globally to original equipment manufacturers , system integrators and end users.

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.29, from 1.25 in 2016Q3. It dropped, as 20 investors sold IPG Photonics Corporation shares while 106 reduced holdings. 38 funds opened positions while 83 raised stakes. 30.61 million shares or 0.33% less from 30.71 million shares in 2016Q3 were reported. Capstone Asset Management Com has 3,770 shares. Eagle Ridge accumulated 50,695 shares. Moreover, Johnson Counsel Inc has 0.1% invested in IPG Photonics Corporation (NASDAQ:IPGP) for 34,212 shares. Ameriprise Finance has 0.01% invested in IPG Photonics Corporation (NASDAQ:IPGP). Victory Capital Mngmt holds 0.16% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 626,363 shares. Aqr Llc accumulated 0% or 12,784 shares. Benjamin F Edwards & owns 150 shares for 0% of their portfolio. Reinhart reported 19,860 shares or 0.18% of all its holdings. Aperio Grp Ltd invested in 6,258 shares or 0% of the stock. Avalon Lc invested in 0.06% or 18,197 shares. Schaper Benz Wise Inv Counsel Wi holds 0.18% or 10,125 shares. Janney Montgomery Scott Limited Liability invested in 23,277 shares. Henderson Public Ltd Com holds 0.12% or 162,591 shares. Trillium Asset Mgmt Ltd holds 0.36% or 55,993 shares. 325 are owned by Evercore Wealth Mgmt Lc.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on July, 27. They expect $1.63 EPS, up 30.40% or $0.38 from last year’s $1.25 per share. IPGP’s profit will be $89.55 million for 23.59 P/E if the $1.63 EPS becomes a reality. After $1.38 actual EPS reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts 18.12% EPS growth.

Since May 2, 2017, it had 0 insider purchases, and 6 insider sales for $5.12 million activity. Shares for $638,388 were sold by Lopresti Angelo P on Thursday, May 11. Valentin Gapontsev Trust I had sold 200 shares worth $28,000. Samartsev Igor also sold $280,280 worth of IPG Photonics Corporation (NASDAQ:IPGP) on Tuesday, May 30. SEIFERT THOMAS J sold 2,849 shares worth $403,048.

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