Hologic (HOLX) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 39

Hologic (HOLX) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 39 from a previous price target of $37 . RBC Capital Mkts advised their investors in a research report released on Aug 1, 2016.

On the company’s financial health, Hologic reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.48. The company had revenue of $717.40 million for the quarter, compared to analysts expectations of $703.38 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Hologic opened for trading at $38.28 and hit $38.605 on the upside on Friday, eventually ending the session at $38.49, with a gain of 0.57% or 0.22 points. The heightened volatility saw the trading volume jump to 25,53,587 shares. Company has a market cap of $10,678 M.

In a different news, on Jul 25, 2016, Sally Crawford (director) sold 16,071 shares at $37.00 per share price. According to the SEC, on Jul 25, 2016, Nancy Leaming (director) sold 8,179 shares at $37.00 per share price. On Jun 2, 2016, Lawrence M Levy (director) sold 17,794 shares at $34.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Hologic Inc. is a developer manufacturer and supplier of diagnostics products medical imaging systems and surgical products. The Company’s business units are focused on diagnostics breast health GYN surgical and skeletal health. The Company’s diagnostics products include Aptima family of assays its ThinPrep system the Rapid Fetal Fibronectin Test and its Procleix blood screening assays. The Aptima family of assays is used to detect the infectious microorganisms that cause the common sexually transmitted diseases chlamydia and gonorrhea certain high-risk strains of human papillomavirus (HPV) and Trichomonas vaginalis the parasite that causes trichomoniasis. The Company’s GYN surgical products include its NovaSure Endometrial Ablation System and its MyoSure Hysteroscopic Tissue Removal System. The skeletal health products include dual-energy X-ray bone densitometry systems an ultrasound-based osteoporosis assessment product and its Fluoroscan mini C-arm imaging products.


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