Sigma-Aldrich Reaches New 1-Year High at $105.00 (SIAL)
Sigma-Aldrich (NASDAQ:SIAL) shares hit a new 52-week high during mid-day trading on Wednesday , American Banking News reports. The company traded as high as $105.00 and last traded at $103.98, with a volume of 108,102 shares changing hands. The stock had previously closed at $103.99.
SIAL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sigma-Aldrich in a research note on Tuesday, August 12th. They now have a $107.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sigma-Aldrich in a research note on Friday, July 25th. They now have a $97.00 price target on the stock, up previously from $95.00. Finally, analysts at Citigroup Inc. initiated coverage on shares of Sigma-Aldrich in a research note on Thursday, July 17th. They set a “neutral” rating and a $107.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $92.33.
The stock has a 50-day moving average of $102.6 and a 200-day moving average of $98.1. The company has a market cap of $12.317 billion and a price-to-earnings ratio of 24.58.
Sigma-Aldrich (NASDAQ:SIAL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.11. The company had revenue of $701.00 million for the quarter, compared to the consensus estimate of $706.14 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Sigma-Aldrich will post $4.36 EPS for the current fiscal year.
Sigma-Aldrich Corporation is a life science and high technology company. The Company develops, manufactures, purchases and distributes the range of chemicals, biochemicals and equipment available globally and also provides global biopharmaceutical testing services.
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