Hologic (NASDAQ:HOLX) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Thursday, January 4th, MarketBeat Ratings reports. The firm currently has a $50.00 price objective on the medical equipment provider’s stock. Bank of America’s target price would indicate a potential upside of 14.78% from the stock’s previous close.
A number of other brokerages have also recently commented on HOLX. Evercore ISI started coverage on shares of Hologic in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $50.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of Hologic in a research note on Tuesday, December 5th. Royal Bank of Canada restated a “hold” rating and set a $42.00 price objective on shares of Hologic in a research report on Friday, September 22nd. Cowen upgraded shares of Hologic to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, December 20th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price (down previously from $49.00) on shares of Hologic in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.79.
Hologic (NASDAQ:HOLX) opened at $43.56 on Thursday. Hologic has a fifty-two week low of $35.76 and a fifty-two week high of $46.80. The firm has a market cap of $12,010.00, a PE ratio of 16.50, a PEG ratio of 2.01 and a beta of 0.95. 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 (NASDAQ:HOLX) last posted its earnings results on Wednesday, November 8th. The medical equipment provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Hologic had a net margin of 24.70% and a return on equity of 21.69%. The company had revenue of $802.90 million for the quarter, compared to analyst estimates of $792.54 million. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. sell-side analysts forecast that Hologic will post 2.13 EPS for the current fiscal year.
In other news, VP Karleen Marie Oberton sold 1,256 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $39.29, for a total value of $49,348.24. Following the transaction, the vice president now owns 9,406 shares of the company’s stock, valued at $369,561.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elaine Ullian sold 9,282 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $40.50, for a total transaction of $375,921.00. The disclosure for this sale can be found here. Insiders sold 12,099 shares of company stock valued at $487,223 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Grove Bank & Trust grew its holdings in shares of Hologic by 115.8% in the third 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 last quarter. Hall Laurie J Trustee grew its holdings in shares of Hologic by 10.2% in the second 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 last quarter. Commonwealth Bank of Australia grew its holdings in shares of Hologic by 31.0% in 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 during the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Hologic in the second quarter worth about $191,000. Finally, National Asset Management Inc. bought a new position in shares of Hologic in the second quarter worth about $203,000. 97.67% of the stock is currently owned by institutional investors and hedge funds.
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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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