Hanger Given New $30.00 Price Target at Jefferies Group (HGR)
Investment analysts at Jefferies Group cut their target price on shares of Hanger (NYSE:HGR) from $41.00 to $30.00 in a note issued to investors on Friday. Jefferies Group’s target price indicates a potential upside of 33.45% from the company’s current price.
Shares of Hanger (NYSE:HGR) opened at 22.48 on Friday. Hanger has a one year low of $21.02 and a one year high of $40.71. The stock’s 50-day moving average is $30.46 and its 200-day moving average is $32.9. The company has a market cap of $788.5 million and a price-to-earnings ratio of 17.59.
Hanger (NYSE:HGR) last announced its earnings results on Thursday, August 7th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.13. The company had revenue of $275.85 million for the quarter, compared to the consensus estimate of $285.51 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Hanger will post $2.03 earnings per share for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hanger in a research note on Monday, July 28th. They now have a $32.00 price target on the stock.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.