Hologic (HOLX) Stock Rating Lowered by Deutsche Bank
Deutsche Bank cut shares of Hologic (NASDAQ:HOLX) from a buy rating to a hold rating in a research report sent to investors on Friday, MarketBeat.com reports. They currently have $49.00 price target on the medical equipment provider’s stock.
A number of other equities research analysts also recently weighed in on the company. Goldman Sachs Group upgraded Hologic from a buy rating to a conviction-buy rating and boosted their target price for the stock from $45.00 to $50.00 in a research report on Friday, December 8th. Zacks Investment Research downgraded Hologic from a hold rating to a sell rating in a research report on Tuesday, October 17th. Cowen upgraded Hologic from a market perform rating to an outperform rating and set a $51.00 target price for the company in a research report on Monday, December 11th. Stifel Nicolaus restated a buy rating and set a $45.00 target price (down previously from $48.00) on shares of Hologic in a research report on Monday, October 9th. Finally, Needham & Company LLC restated a buy rating and set a $50.00 target price on shares of Hologic in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $48.79.
Hologic (NASDAQ:HOLX) traded down $0.39 during mid-day trading on Friday, hitting $43.46. The stock had a trading volume of 4,360,000 shares, compared to its average volume of 1,870,544. The company has a market capitalization of $12,088.73, a P/E ratio of 16.46, a P/E/G ratio of 2.09 and a beta of 0.95. Hologic has a 12 month low of $35.76 and a 12 month high of $46.80. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 0.79.
In related 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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. Insiders sold 12,099 shares of company stock valued at $487,223 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hall Laurie J Trustee increased its holdings in Hologic by 10.2% in the second 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 last quarter. Grove Bank & Trust increased its holdings in Hologic by 115.8% in the third 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 last quarter. National Asset Management Inc. bought a new stake in shares of Hologic in the second quarter worth about $203,000. MPS Loria Financial Planners LLC bought a new stake in shares of Hologic in the second quarter worth about $191,000. Finally, Rothschild Investment Corp IL bought a new stake in shares of Hologic in the third quarter worth about $236,000. Institutional investors and hedge funds own 97.58% 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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