Hologic (NASDAQ:HOLX) was upgraded by equities researchers at Cowen from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.
A number of other research firms also recently commented on HOLX. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Hologic in a research note on Monday, October 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $48.00 target price on shares of Hologic in a research note on Thursday, November 9th. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 target price on shares of Hologic in a research note on Friday, September 22nd. Jefferies Group restated a “buy” rating and issued a $44.00 target price (down from $49.00) on shares of Hologic in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $45.00 target price (down from $48.00) on shares of Hologic in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.62.
Hologic (NASDAQ HOLX) opened at $42.69 on Monday. The company has a market capitalization of $11,768.93, a PE ratio of 21.13, a P/E/G ratio of 2.06 and a beta of 0.95. Hologic has a 52 week low of $35.76 and a 52 week high of $46.80. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.79.
In other news, Director Lawrence M. Levy sold 9,596 shares of Hologic stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $36.81, for a total transaction of $353,228.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elaine Ullian sold 9,282 shares of Hologic stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $40.50, for a total value of $375,921.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,833 shares of company stock valued at $1,107,270. 0.79% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its holdings in shares of Hologic by 115.8% during the third quarter. Grove Bank & Trust now owns 2,860 shares of the medical equipment provider’s stock valued at $105,000 after buying an additional 1,535 shares during the last quarter. Hall Laurie J Trustee raised its holdings in shares of Hologic by 10.2% during the second quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock valued at $110,000 after buying an additional 225 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Hologic by 31.0% during the second 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 in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Hologic during the second quarter worth approximately $191,000. Finally, National Asset Management Inc. bought a new stake in Hologic during the second quarter worth approximately $203,000. 98.08% of the stock is currently 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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