Analogic (ALOG) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Analogic (NASDAQ:ALOG) from a sell rating to a strong sell rating in a research report report published on Saturday.

Other equities research analysts have also issued research reports about the company. ValuEngine lowered Analogic from a buy rating to a hold rating in a research report on Thursday, April 12th. Zacks Investment Research lowered Analogic from a buy rating to a hold rating in a report on Wednesday, January 31st. Finally, TheStreet upgraded Analogic from a c+ rating to a b- rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. Analogic currently has a consensus rating of Hold and an average price target of $94.00.

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Shares of Analogic stock opened at $83.35 on Friday. Analogic has a one year low of $66.00 and a one year high of $101.80. The stock has a market cap of $1,043.89, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 2.82 and a beta of 0.61.

Analogic (NASDAQ:ALOG) last announced its earnings results on Monday, March 5th. The medical research company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.69 by $0.58. Analogic had a positive return on equity of 6.05% and a negative net margin of 15.34%. The company had revenue of $129.20 million for the quarter, compared to analyst estimates of $112.50 million. During the same quarter in the prior year, the company earned $0.99 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. research analysts forecast that Analogic will post 4.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Thursday, March 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.40 annualized dividend and a yield of 0.48%. Analogic’s payout ratio is currently 23.26%.

Large investors have recently made changes to their positions in the business. Elkfork Partners LLC bought a new position in Analogic in the fourth quarter worth approximately $157,000. Cornerstone Capital Management Holdings LLC. bought a new position in Analogic in the fourth quarter worth approximately $167,000. Aperio Group LLC bought a new position in Analogic in the fourth quarter worth approximately $218,000. Piedmont Investment Advisors LLC bought a new position in Analogic in the third quarter worth approximately $227,000. Finally, Teacher Retirement System of Texas bought a new position in Analogic in the fourth quarter worth approximately $361,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

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Analogic Company Profile

Analogic Corporation designs, manufactures, and sells medical imaging systems, ultrasound and security systems, and subsystems to original equipment manufacturers (OEMs) and end users primarily for the medical and airport security markets worldwide. It operates in three segments: Medical Imaging, Ultrasound, and Security and Detection.

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