Align Technology (ALGN) Getting Somewhat Favorable Press Coverage, Study Finds
Press coverage about Align Technology (NASDAQ:ALGN) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Align Technology earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the medical equipment provider an impact score of 45.0567152983969 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Align Technology, Inc. (ALGN) Expected to Post Quarterly Sales of $358.40 Million (americanbankingnews.com)
- Align Technology, Inc. (ALGN) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- 3D Printing Moves Align Tech Toward $1.3 Billion In Sales (biospace.com)
- Align Technology, Inc. (ALGN) Price Target Increased to $210.00 by Analysts at Goldman Sachs Group, Inc. (The) (americanbankingnews.com)
- Align Technology, Inc. (ALGN) has a value of $183.57 per share While Vital Therapies, Inc. (VTL) is stand at $4.05 – Stocks Gallery (stocksgallery.com)
ALGN has been the topic of a number of analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $176.00 price objective on shares of Align Technology in a research note on Friday, July 28th. Morgan Stanley reiterated an “overweight” rating and set a $175.00 price objective on shares of Align Technology in a research note on Monday, June 19th. They noted that the move was a valuation call. Northcoast Research reiterated a “buy” rating and set a $186.00 price objective (up previously from $164.00) on shares of Align Technology in a research note on Wednesday, June 21st. Stifel Nicolaus reiterated a “buy” rating and set a $200.00 price objective (up previously from $145.00) on shares of Align Technology in a research note on Friday, June 23rd. Finally, Leerink Swann reiterated an “outperform” rating and set a $199.00 price objective (up previously from $194.00) on shares of Align Technology in a research note on Friday, July 28th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Align Technology presently has an average rating of “Buy” and a consensus target price of $179.82.
Shares of Align Technology (ALGN) opened at 184.50 on Friday. The company has a market cap of $14.79 billion, a PE ratio of 63.18 and a beta of 1.55. The company has a 50-day moving average price of $175.22 and a 200-day moving average price of $143.46. Align Technology has a 1-year low of $83.27 and a 1-year high of $186.10.
Align Technology (NASDAQ:ALGN) last posted its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.12. Align Technology had a return on equity of 23.87% and a net margin of 19.18%. The business had revenue of $356.50 million for the quarter, compared to analysts’ expectations of $343.43 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 32.3% on a year-over-year basis. Equities research analysts expect that Align Technology will post $3.40 earnings per share for the current fiscal year.
Align Technology Company Profile
Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.
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