Zacks: Analogic Corp. (NASDAQ:ALOG) Given $85.50 Average Target Price by Analysts
Analogic Corp. (NASDAQ:ALOG) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus price objective of $85.50 for the company, according to Zacks. Zacks has also assigned Analogic Corp. an industry rank of 66 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on ALOG. Brean Capital reissued a “buy” rating and set a $100.00 price target (up previously from $90.00) on shares of Analogic Corp. in a research report on Thursday. Zacks Investment Research raised shares of Analogic Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, TheStreet raised shares of Analogic Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 8th.
Analogic Corp. (NASDAQ:ALOG) traded up 0.90% during midday trading on Friday, hitting $92.78. The company’s stock had a trading volume of 280,277 shares. Analogic Corp. has a 12 month low of $68.71 and a 12 month high of $94.39. The company’s 50 day moving average price is $88.88 and its 200 day moving average price is $82.50. The firm has a market cap of $1.15 billion, a P/E ratio of 96.65 and a beta of 0.95.
Analogic Corp. (NASDAQ:ALOG) last announced its quarterly earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The firm had revenue of $138.10 million for the quarter, compared to the consensus estimate of $139.03 million. Analogic Corp. had a net margin of 2.38% and a return on equity of 7.35%. Analogic Corp.’s revenue was down 10.6% on a year-over-year basis. During the same period last year, the business earned $1.28 EPS. Analysts expect that Analogic Corp. will post $4.65 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Thursday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, September 28th. Analogic Corp.’s dividend payout ratio (DPR) is 41.24%.
In related news, insider Mervat Faltas sold 1,897 shares of Analogic Corp. stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $83.00, for a total transaction of $157,451.00. Following the transaction, the insider now owns 7,765 shares in the company, valued at approximately $644,495. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shalabh Chandra sold 1,250 shares of Analogic Corp. stock in a transaction on Friday, September 16th. The shares were sold at an average price of $90.50, for a total transaction of $113,125.00. Following the transaction, the insider now owns 2,839 shares in the company, valued at approximately $256,929.50. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALOG. Tower Research Capital LLC TRC boosted its stake in shares of Analogic Corp. by 976.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,302 shares of the company’s stock valued at $103,000 after buying an additional 1,181 shares during the last quarter. PineBridge Investments L.P. boosted its stake in shares of Analogic Corp. by 3.5% in the second quarter. PineBridge Investments L.P. now owns 1,570 shares of the company’s stock valued at $125,000 after buying an additional 53 shares during the last quarter. Mason Street Advisors LLC bought a new stake in shares of Analogic Corp. during the second quarter valued at approximately $192,000. Profund Advisors LLC boosted its stake in shares of Analogic Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock valued at $218,000 after buying an additional 68 shares during the last quarter. Finally, AHL Partners LLP bought a new stake in shares of Analogic Corp. during the second quarter valued at approximately $226,000. Institutional investors own 99.81% of the company’s stock.
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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