Hologic, Inc. (HOLX) Stock Rating Reaffirmed by Royal Bank Of Canada
Royal Bank Of Canada restated their hold rating on shares of Hologic, Inc. (NASDAQ:HOLX) in a research note issued to investors on Friday morning. They currently have a $42.00 target price on the medical equipment provider’s stock.
A number of other analysts have also recently commented on the stock. BidaskClub cut shares of Hologic from a hold rating to a sell rating in a research report on Wednesday, August 9th. Barclays PLC reaffirmed an equal weight rating and set a $51.00 price target (down previously from $53.00) on shares of Hologic in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Hologic from a sell rating to a hold rating in a research report on Friday, August 4th. Deutsche Bank AG cut their price target on shares of Hologic from $51.00 to $49.00 and set a buy rating on the stock in a research report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) cut shares of Hologic from a conviction-buy rating to a buy rating and cut their price target for the company from $48.00 to $47.00 in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $48.43.
Hologic (NASDAQ HOLX) opened at 37.36 on Friday. The firm’s 50-day moving average price is $38.51 and its 200 day moving average price is $42.54. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 13.91 and a beta of 0.92. Hologic has a 12-month low of $35.15 and a 12-month high of $46.80.
Hologic (NASDAQ:HOLX) last issued its quarterly earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $799.70 million. Hologic had a net margin of 25.65% and a return on equity of 23.18%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, analysts expect that Hologic will post $2.01 earnings per share for the current year.
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In related news, Director Lawrence M. Levy sold 7,139 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.04, for a total value of $278,706.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Karleen Marie Oberton sold 4,704 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $45.19, for a total transaction of $212,573.76. The disclosure for this sale can be found here. Insiders have sold a total of 27,594 shares of company stock worth $1,168,871 in the last three months. Insiders own 0.79% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Hologic by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,547,138 shares of the medical equipment provider’s stock worth $1,340,850,000 after acquiring an additional 1,200,825 shares during the last quarter. State Street Corp raised its holdings in shares of Hologic by 1.5% in the 1st quarter. State Street Corp now owns 12,710,718 shares of the medical equipment provider’s stock worth $540,846,000 after acquiring an additional 189,572 shares during the last quarter. Capital World Investors acquired a new stake in shares of Hologic in the 2nd quarter worth about $312,441,000. Victory Capital Management Inc. raised its holdings in shares of Hologic by 23.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,012,352 shares of the medical equipment provider’s stock worth $227,461,000 after acquiring an additional 961,528 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Hologic by 6.6% in the 2nd quarter. Bank of Montreal Can now owns 3,418,319 shares of the medical equipment provider’s stock worth $155,123,000 after acquiring an additional 211,550 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.
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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