Analogic Corp. Price Target Raised to $105.00 at Benchmark Co. (ALOG)
Analysts at Benchmark Co. boosted their price target on shares of Analogic Corp. (NASDAQ:ALOG) to $105.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. Benchmark Co.’s price objective points to a potential upside of 12.02% from the stock’s previous close.
In other Analogic Corp. news, Insider Mervat Faltas sold 2,280 shares of the stock on the open market in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $87.55, for a total value of $199,614.00. Following the transaction, the insider now directly owns 5,905 shares of the company’s stock, valued at approximately $516,983. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Analogic Corp. (NASDAQ:ALOG) traded up 2.27% during mid-day trading on Monday, hitting $95.855. The stock had a trading volume of 33,675 shares. Analogic Corp. has a 52-week low of $66.05 and a 52-week high of $94.30. The stock’s 50-day moving average is $83.00 and its 200-day moving average is $77.72. The company has a market cap of $1.191 billion and a price-to-earnings ratio of 37.79.
Analogic Corp. (NASDAQ:ALOG) last announced its earnings results on Thursday, September 12th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.52. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $164.20 million. During the same quarter last year, the company posted $1.32 earnings per share. Analogic Corp.’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Analogic Corp. will post $4.61 earnings per share for the current fiscal year.
Analogic Corporation (NASDAQ:ALOG) is a technology company that designs and manufactures advanced medical imaging and security systems and subsystems sold to Original Equipment Manufacturers (OEMs) and end users primarily in the healthcare and airport security markets.
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