Analogic Corp. (ALOG) PT Lowered to $90.00 at Brean Capital
Analogic Corp. (NASDAQ:ALOG) had its target price decreased by research analysts at Brean Capital from $100.00 to $90.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Brean Capital’s price objective points to a potential upside of 0.76% from the stock’s previous close.
ALOG has been the topic of several other research reports. Zacks Investment Research downgraded Analogic Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. TheStreet upgraded Analogic Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th.
Analogic Corp. (NASDAQ:ALOG) opened at 89.32 on Thursday. The firm’s 50-day moving average is $88.68 and its 200-day moving average is $82.43. Analogic Corp. has a 12 month low of $68.71 and a 12 month high of $93.73. The company has a market capitalization of $1.11 billion, a PE ratio of 78.35 and a beta of 0.95.
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Analogic Corp. (NASDAQ:ALOG) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The business earned $138.10 million during the quarter, compared to the consensus estimate of $139.03 million. Analogic Corp. had a net margin of 2.71% and a return on equity of 7.83%. The business’s revenue was down 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.28 EPS. Equities analysts anticipate that Analogic Corp. will post $3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Thursday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Wednesday, September 28th. Analogic Corp.’s dividend payout ratio is 35.40%.
In related news, insider Mervat Faltas sold 1,897 shares of the company’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $83.00, for a total transaction of $157,451.00. Following the completion of the sale, the insider now directly owns 7,765 shares in the company, valued at approximately $644,495. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Patrick Ryan sold 500 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $82.96, for a total value of $41,480.00. Following the sale, the insider now owns 2,891 shares of the company’s stock, valued at $239,837.36. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in shares of Analogic Corp. during the second quarter worth $10,741,000. Norges Bank bought a new stake in shares of Analogic Corp. during the fourth quarter worth $10,048,000. Neuberger Berman Group LLC boosted its stake in shares of Analogic Corp. by 533.9% in the second quarter. Neuberger Berman Group LLC now owns 135,758 shares of the company’s stock worth $10,785,000 after buying an additional 114,341 shares during the period. Hillcrest Asset Management LLC bought a new stake in shares of Analogic Corp. during the first quarter worth $7,694,000. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Analogic Corp. by 12.2% in the second quarter. Silvercrest Asset Management Group LLC now owns 656,052 shares of the company’s stock worth $52,116,000 after buying an additional 71,192 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.
About Analogic Corp.
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies to advance the practice of medicine and save lives. The Company operates through three business segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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