Benchmark Company Reiterates Buy Rating, $87 PT on Analogic Corporation
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 2016||Brean Capital||Maintains||Buy|
|Mar 2016||Sidoti & Co.||Initiates Coverage on||Neutral|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.