Hanger Inc Hits New 52-Week High at $38.14 (HGR)
Shares of Hanger (NYSE:HGR) hit a new 52-week high during trading hours on Wednesday, AnalystRatings.NET reports. The company traded as high as $38.14 and last traded at $37.30, with a volume of 358,998 shares trading hands. The stock had previously closed at $35.75.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Hanger from $36.00 to $41.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Analysts at CJS Securities downgraded shares of Hanger from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, August 1st. They now have a $35.00 price target on the stock.
Hanger has a 52-week low of $22.38 and a 52-week high of $37.39. The stock’s 50-day moving average is $32.2 and its 200-day moving average is $31.92. The company has a market cap of $1.302 billion and a P/E ratio of 20.46.
Hanger (NYSE:HGR) last announced its earnings results on Wednesday, October 30th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.04. The company had revenue of $271.10 million for the quarter, compared to the consensus estimate of $270.42 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Hanger will post $2.09 EPS for the current fiscal year.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
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