Endologix Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:ELGX)
Endologix (NASDAQ:ELGX) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the company, Analyst Ratings News reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.90.
A number of analysts have recently weighed in on ELGX shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Endologix in a research note on Thursday, July 31st. They now have a $17.00 price target on the stock, up previously from $15.00. Separately, analysts at Credit Suisse initiated coverage on shares of Endologix in a research note on Tuesday, July 29th. They set an “outperform” rating on the stock. Finally, analysts at BTIG Research downgraded shares of Endologix from a “buy” rating to a “neutral” rating in a research note on Monday, July 7th.
Endologix (NASDAQ:ELGX) traded up 0.21% during mid-day trading on Tuesday, hitting $14.01. 31,440 shares of the company’s stock traded hands. Endologix has a one year low of $11.47 and a one year high of $18.85. The stock has a 50-day moving average of $14.39 and a 200-day moving average of $14.10. The company’s market cap is $938.0 million.
Endologix (NASDAQ:ELGX) last announced its earnings results on Wednesday, July 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $38.30 million for the quarter, compared to the consensus estimate of $36.50 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Endologix will post $-0.28 earnings per share for the current fiscal year.
In other Endologix news, Director Thomas Wilder unloaded 3,500 shares of Endologix stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $13.68, for a total value of $47,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Endologix, Inc (NASDAQ:ELGX) is engaged in developing, manufacturing, marketing and selling medical devices for the treatment of aortic disorders.
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