Hologic, Inc. (NASDAQ:HOLX) has received an average recommendation of “Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. One 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 company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $48.36.
A number of equities research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (up from $48.00) on shares of Hologic in a report on Tuesday, January 9th. Deutsche Bank downgraded shares of Hologic from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a report on Friday, January 19th. BidaskClub downgraded shares of Hologic from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Cowen raised shares of Hologic to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, December 20th. Finally, Bank of America upgraded Hologic from a “neutral” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Thursday, January 4th.
Shares of Hologic (NASDAQ HOLX) opened at $37.75 on Friday. Hologic has a 1-year low of $35.33 and a 1-year high of $46.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.79 and a quick ratio of 0.61. The firm has a market cap of $10,729.33, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.81 and a beta of 0.77.
In other news, Director Elaine Ullian sold 9,282 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $40.50, for a total value of $375,921.00. The sale was disclosed in a filing with the SEC, 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 value of $40,756.32. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of HOLX. Grove Bank & Trust increased its holdings in shares of Hologic by 115.8% in the 3rd quarter. Grove Bank & Trust now owns 2,860 shares of the medical equipment provider’s stock valued at $105,000 after purchasing an additional 1,535 shares during the period. Hall Laurie J Trustee increased its holdings in shares of Hologic by 10.2% in the 2nd quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock valued at $110,000 after purchasing an additional 225 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of Hologic in the 2nd quarter valued at about $191,000. NuWave Investment Management LLC acquired a new position in shares of Hologic in the 4th quarter valued at about $199,000. Finally, National Asset Management Inc. bought a new stake in shares of Hologic in the 2nd quarter valued at approximately $203,000. Institutional investors own 92.77% of the company’s stock.
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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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