Needham & Company LLC Reiterates “Buy” Rating for Hologic (HOLX)
Hologic (NASDAQ:HOLX)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a report released on Tuesday, Marketbeat.com reports. They presently have a $48.00 target price on the medical equipment provider’s stock, up from their prior target price of $46.00. Needham & Company LLC’s price objective points to a potential upside of 14.70% from the company’s current price.
A number of other research firms have also recently weighed in on HOLX. Piper Jaffray Companies reissued a “buy” rating and set a $48.00 price objective on shares of Hologic in a report on Thursday, November 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $45.00 price objective (down previously from $50.00) on shares of Hologic in a report on Wednesday, August 9th. Barclays reaffirmed an “equal weight” rating and issued a $51.00 target price (down from $53.00) on shares of Hologic in a report on Wednesday, August 9th. Jefferies Group reaffirmed a “buy” rating and issued a $44.00 target price (down from $49.00) on shares of Hologic in a report on Tuesday, October 10th. Finally, BidaskClub cut shares of Hologic from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.38.
Hologic (NASDAQ HOLX) traded up $1.00 during mid-day trading on Tuesday, reaching $41.85. 5,889,100 shares of the company’s stock were exchanged, compared to its average volume of 2,769,580. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.79. Hologic has a 12 month low of $35.76 and a 12 month high of $46.80. The firm has a market capitalization of $11,261.67, a PE ratio of 20.22, a P/E/G ratio of 1.97 and a beta of 0.95.
In other news, Director Elaine Ullian sold 9,282 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $40.50, for a total transaction of $375,921.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Karleen Marie Oberton sold 1,023 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.84, for a total transaction of $40,756.32. The disclosure for this sale can be found here. Insiders have sold a total of 35,972 shares of company stock valued at $1,385,977 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Grove Bank & Trust grew its holdings in shares of Hologic by 115.8% during the 3rd quarter. Grove Bank & Trust now owns 2,860 shares of the medical equipment provider’s stock worth $105,000 after purchasing an additional 1,535 shares during the period. Hall Laurie J Trustee grew its holdings in shares of Hologic by 10.2% during the 2nd quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock worth $110,000 after purchasing an additional 225 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of Hologic by 31.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,533 shares of the medical equipment provider’s stock worth $114,000 after purchasing an additional 600 shares during the period. MPS Loria Financial Planners LLC purchased a new stake in shares of Hologic during the 2nd quarter worth about $191,000. Finally, National Asset Management Inc. purchased a new stake in shares of Hologic during the 2nd quarter worth about $203,000. 98.09% of the stock is owned by institutional investors.
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Hologic Company Profile
Hologic, Inc is a developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products with an emphasis on women’s health. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The diagnostics products include Aptima family of assays, ThinPrep system, the Rapid Fetal Fibronectin Test and Procleix blood screening assays.
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