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Benchmark Company Reiterates Buy Rating, $87 PT on Analogic Corporation

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In a report published Friday, Benchmark Company reiterated its Buy rating and $87.00 price target on Analogic Corporation (NASDAQ: ALOG).

Benchmark Company noted, “ALOG posted strong operating margins as FQ1:13 operating margins of 6.2% exceeded our 4.8% operating margin estimate. In our opinion, ALOG did a good job of expense control during the quarter. In actual dollars, R&D, S&M, and G&A expenses came in below our estimates for the quarter. Gross margins of 37.6% came in right in line with our 37.6% estimate but increased from 36.5% compared to the same period last year. We are encouraged that while revenue came in slightly lower than our estimates driven by weakness in the Ultrasound business, that ALOG was still able to slightly beat our estimates on the bottom line.”

Analogic Corporation closed on Thursday at $73.07.

Latest Ratings for ALOG

Sep 2014Brean CapitalDowngradesBuyHold
Jun 2014BenchmarkMaintainsBuy
Mar 2014CJS SecuritiesDowngradesMarket OutperformMarket Perform

View More Analyst Ratings for ALOG
View the Latest Analyst Ratings

Posted-In: Benchmark CompanyAnalyst Color Reiteration Analyst Ratings


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