Analogic (ALOG) Stock Rating Reaffirmed by Jefferies Group

Jefferies Group reaffirmed their hold rating on shares of Analogic (NASDAQ:ALOG) in a report published on Friday. The firm currently has a $80.00 price target on the medical research company’s stock. Jefferies Group also issued estimates for Analogic’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.86 EPS, FY2019 earnings at $3.00 EPS, FY2020 earnings at $3.25 EPS, FY2021 earnings at $3.40 EPS and FY2022 earnings at $3.57 EPS.

Several other research firms also recently weighed in on ALOG. Zacks Investment Research upgraded Analogic from a hold rating to a buy rating and set a $97.00 price target on the stock in a research note on Friday. BidaskClub downgraded Analogic from a hold rating to a sell rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $88.33.

Shares of Analogic (NASDAQ ALOG) opened at $84.80 on Friday. The firm has a market capitalization of $1,073.69, a P/E ratio of 44.10, a P/E/G ratio of 4.30 and a beta of 0.86. Analogic has a 52 week low of $66.00 and a 52 week high of $88.45.

Analogic (NASDAQ:ALOG) last posted its quarterly earnings results on Wednesday, December 6th. The medical research company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.32. The company had revenue of $106.90 million for the quarter, compared to the consensus estimate of $100.55 million. Analogic had a positive return on equity of 5.09% and a negative net margin of 15.06%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. analysts forecast that Analogic will post 2.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.40 annualized dividend and a yield of 0.47%. Analogic’s dividend payout ratio is -6.99%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its holdings in shares of Analogic by 88.8% during the 2nd quarter. Citadel Advisors LLC now owns 128,879 shares of the medical research company’s stock valued at $9,363,000 after buying an additional 60,614 shares during the period. Renaissance Technologies LLC bought a new position in shares of Analogic during the 1st quarter valued at $1,252,000. Vanguard Group Inc. lifted its holdings in shares of Analogic by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,147,408 shares of the medical research company’s stock valued at $83,359,000 after buying an additional 34,765 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Analogic by 470.7% during the 2nd quarter. SG Americas Securities LLC now owns 7,619 shares of the medical research company’s stock valued at $554,000 after buying an additional 6,284 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Analogic by 33.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 56,358 shares of the medical research company’s stock valued at $4,094,000 after buying an additional 14,022 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.

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About Analogic

Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three 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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