Shares of Analogic Corp. (NASDAQ:ALOG) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a twelve-month consensus price objective of $90.50 for the company, according to Zacks. Zacks has also given Analogic Corp. an industry rank of 106 out of 265 based on the ratings given to its competitors.
Several research firms recently commented on ALOG. Zacks Investment Research lowered Analogic Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Brean Capital reaffirmed a “buy” rating and set a $100.00 target price (up from $90.00) on shares of Analogic Corp. in a report on Thursday, September 22nd. Finally, TheStreet raised Analogic Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th.
In other Analogic Corp. news, insider James Patrick Ryan sold 500 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $82.96, for a total value of $41,480.00. Following the sale, the insider now directly owns 2,891 shares of the company’s stock, valued at $239,837.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shalabh Chandra sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $81.82, for a total value of $102,275.00. Following the completion of the sale, the insider now directly owns 4,567 shares in the company, valued at $373,671.94. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of ALOG. Emerald Acquisition Ltd. acquired a new stake in shares of Analogic Corp. during the second quarter valued at approximately $10,741,000. Norges Bank acquired a new stake in shares of Analogic Corp. during the fourth quarter valued at approximately $10,048,000. Neuberger Berman Group LLC raised its stake in shares of Analogic Corp. by 533.9% in the second quarter. Neuberger Berman Group LLC now owns 135,758 shares of the company’s stock valued at $10,785,000 after buying an additional 114,341 shares during the last quarter. Hillcrest Asset Management LLC acquired a new stake in shares of Analogic Corp. during the first quarter valued at approximately $7,694,000. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Analogic Corp. by 12.2% in the second quarter. Silvercrest Asset Management Group LLC now owns 656,052 shares of the company’s stock valued at $52,116,000 after buying an additional 71,192 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.
Analogic Corp. (NASDAQ:ALOG) opened at 91.37 on Friday. The stock’s 50 day moving average price is $89.34 and its 200-day moving average price is $82.90. The stock has a market capitalization of $1.13 billion, a PE ratio of 95.18 and a beta of 0.95. Analogic Corp. has a 52-week low of $68.71 and a 52-week high of $94.39.
Analogic Corp. (NASDAQ:ALOG) last posted its earnings results on Wednesday, September 21st. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.17 by $0.15. The company had revenue of $138.10 million for the quarter, compared to analyst estimates of $139.03 million. Analogic Corp. had a return on equity of 7.83% and a net margin of 2.71%. The firm’s revenue was down 10.6% on a year-over-year basis. During the same period last year, the business earned $1.28 earnings per share. On average, equities analysts expect that Analogic Corp. will post $4.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Thursday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date is Wednesday, September 28th. Analogic Corp.’s payout ratio is currently 41.24%.
About Analogic Corp.
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies to advance the practice of medicine and save lives. The Company operates through three business segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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