Life Technologies Corp. Downgraded by TheStreet to “Hold” (LIFE)
Life Technologies Corp. (NASDAQ:LIFE) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Life Technologies (LIFE) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow.”
Shares of Life Technologies Corp. (NASDAQ:LIFE) traded down 0.03% on Friday, hitting $75.03. 683,836 shares of the company’s stock traded hands. Life Technologies Corp. has a 1-year low of $45.67 and a 1-year high of $75.10. The stock’s 50-day moving average is $74.74 and its 200-day moving average is $73.40. The company has a market cap of $12.955 billion and a P/E ratio of 31.09.
Life Technologies Corp. (NASDAQ:LIFE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.24. The company had revenue of $944.00 million for the quarter, compared to the consensus estimate of $952.06 million. On average, analysts predict that Life Technologies Corp. will post $4.18 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LIFE. Analysts at Needham & Company reiterated a “buy” rating on shares of Life Technologies Corp. in a research note to investors on Friday, September 20th. They now have a $18.00 price target on the stock, up previously from $15.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Life Technologies Corp. in a research note to investors on Monday, August 19th. They now have a $78.00 price target on the stock. Finally, analysts at Citigroup Inc. cut their EPS estimates on shares of Life Technologies Corp. in a research note on Thursday. They now have a $76.00 price target on the stock. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. Life Technologies Corp. currently has an average rating of “Hold” and an average target price of $69.13.
Life Technologies Corporation (NASDAQ:LIFE) is a global life sciences company.
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