Ned Davis Research Upgrades Life Technologies Corp. to Buy (LIFE)
Life Technologies Corp. (NASDAQ:LIFE) was upgraded by equities research analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports.
Life Technologies Corp. (NASDAQ:LIFE) remained flat at $75.863 during during mid-day trading trading on Monday. The stock had a trading volume of 303,047 shares. Life Technologies Corp. has a 1-year low of $53.50 and a 1-year high of $75.93. The stock has a 50-day moving average of $75.71 and a 200-day moving average of $75.03. The company has a market cap of $13.111 billion and a P/E ratio of 27.93.
Life Technologies Corp. (NASDAQ:LIFE) last released its earnings data on Tuesday, November 5th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.05. The company had revenue of $936.00 million for the quarter, compared to the consensus estimate of $926.10 million. Analysts expect that Life Technologies Corp. will post $4.20 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Life Technologies Corp. in a research note to investors on Wednesday, November 20th. They now have a $79.00 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.20.
Life Technologies Corporation (NASDAQ:LIFE) is a global life sciences company.
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