Needham & Company LLC reiterated their buy rating on shares of Hologic (NASDAQ:HOLX) in a research note published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a $50.00 price target on the medical equipment provider’s stock, up from their prior price target of $48.00.
HOLX has been the topic of a number of other reports. Cowen raised shares of Hologic to a buy rating and set a $52.00 price objective on the stock in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of Hologic from a sell rating to a hold rating in a research note on Tuesday, October 31st. Goldman Sachs Group raised shares of Hologic from a buy rating to a conviction-buy rating and upped their price objective for the company from $45.00 to $50.00 in a research note on Friday, December 8th. Stifel Nicolaus reaffirmed a buy rating and issued a $45.00 price objective (down from $48.00) on shares of Hologic in a research note on Monday, October 9th. Finally, Jefferies Group reaffirmed a buy rating and issued a $44.00 price objective (down from $49.00) on shares of Hologic in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Hologic currently has a consensus rating of Buy and an average target price of $48.79.
Hologic (HOLX) traded up $0.16 during trading hours on Tuesday, hitting $43.71. 3,060,034 shares of the stock were exchanged, compared to its average volume of 1,908,935. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.61 and a current ratio of 0.79. Hologic has a 12 month low of $35.76 and a 12 month high of $46.80. The company has a market cap of $12,006.02, a price-to-earnings ratio of 16.56, a P/E/G ratio of 2.08 and a beta of 0.95.
Hologic (NASDAQ:HOLX) last posted its quarterly earnings data on Wednesday, November 8th. The medical equipment provider reported $0.50 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. equities analysts expect that Hologic will post 2.15 EPS for the current year.
In related news, Director Elaine Ullian sold 9,282 shares of the business’s stock in a transaction on 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 SEC, which is available at this hyperlink. Also, VP Karleen Marie Oberton sold 1,023 shares of the business’s stock in a transaction on 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 12,099 shares of company stock worth $487,223 in the last quarter. 0.79% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. raised its holdings in Hologic by 15,554.1% during the second quarter. Koch Industries Inc. now owns 1,149,481 shares of the medical equipment provider’s stock worth $1,125,000 after buying an additional 1,142,138 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in Hologic by 8.1% during the second quarter. Picton Mahoney Asset Management now owns 57,150 shares of the medical equipment provider’s stock worth $2,593,000 after buying an additional 4,300 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in Hologic by 1.4% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 244,620 shares of the medical equipment provider’s stock worth $8,975,000 after buying an additional 3,391 shares during the last quarter. Royce & Associates LP acquired a new position in Hologic during the second quarter worth $908,000. Finally, Cipher Capital LP raised its holdings in Hologic by 57.9% during the third quarter. Cipher Capital LP now owns 117,673 shares of the medical equipment provider’s stock worth $4,317,000 after buying an additional 43,146 shares during the last quarter. Institutional investors own 97.67% of the company’s stock.
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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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