Hologic (HOLX), a leading women’s health technology player, will release its fiscal third-quarter earnings results on July 31 after markets close. In Q2 2018, the company met analysts’ estimates but lowered its fiscal 2018 guidance. The stock fell more than 9% following the results. Many analysts covering Hologic cut their target prices on HOLX stock in the following days. In this article, we’ll look at Hologic’s recent recommendations and 12-month target prices from Wall Street analysts.
As of July 30, Reuters reported that of the 19 analysts covering Hologic, ~63% have a “buy” or “strong buy” rating on HOLX stock. The remaining ~37% of analysts recommend a “hold.” None of the analysts have a “sell” rating on the company. The above chart shows Hologic’s recommendation summary over the last few months.
On July 30, Hologic had a consensus 12-month target price of $44.06 per share. This target price represents a 12-month return potential of 3.7% based on the stock’s closing price of $42.48 on July 27.
On July 30, the analysts’ consensus target prices on peers GE Healthcare (GE), Varian Medical Systems (VAR), and Royal Philips (PHG) for the next 12 months were $17.11, $122, and $47.87, respectively. These prices represent potential returns of ~31%, ~6.9%, and ~8.1%, respectively, for the next 12 months.
Recommendation revisions and updates
On July 27, Canaccord Genuity increased its target price on Hologic stock from $39 to $42. On July 10, Cowen and Company raised its target price on Hologic from $42 to $44. In the next article, we’ll look at analysts’ estimates for Hologic in Q3 2018.
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