Shares of Hologic (NASDAQ:HOLX) have earned a consensus recommendation of “Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $47.54.
Several research analysts have weighed in on HOLX shares. Goldman Sachs raised Hologic from a “buy” rating to a “conviction-buy” rating and boosted their price target for the stock from $45.00 to $50.00 in a research report on Friday, December 8th. Cowen raised Hologic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Monday, December 11th. Evercore ISI started coverage on Hologic in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $50.00 price target on the stock. Bank of America raised Hologic from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, January 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Hologic in a research report on Tuesday, January 9th.
Hologic stock traded down $0.92 during midday trading on Friday, reaching $36.53. The stock had a trading volume of 840,740 shares, compared to its average volume of 2,680,560. Hologic has a 1-year low of $35.33 and a 1-year high of $46.80. The firm has a market cap of $10,306.24, a PE ratio of 18.27, a P/E/G ratio of 1.68 and a beta of 0.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.25.
In other Hologic news, Director Charles J. Dockendorff bought 13,000 shares of Hologic stock in a transaction dated Thursday, March 15th. The stock was bought at an average cost of $38.80 per share, for a total transaction of $504,400.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Namal Nawana bought 6,600 shares of Hologic stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $37.88 per share, with a total value of $250,008.00. Following the completion of the purchase, the director now directly owns 6,954 shares in the company, valued at approximately $263,417.52. The disclosure for this purchase can be found here. Insiders own 0.79% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. NuWave Investment Management LLC bought a new stake in Hologic in the 4th quarter valued at $199,000. Fiduciary Trust Co. bought a new stake in Hologic in the 4th quarter valued at $208,000. Advisor Partners LLC bought a new stake in Hologic in the 4th quarter valued at $209,000. MPS Loria Financial Planners LLC bought a new stake in Hologic in the 4th quarter valued at $214,000. Finally, Conning Inc. acquired a new position in Hologic in the 4th quarter valued at $218,000. Institutional investors own 97.56% 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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