Shares of Azenta, Inc. (NASDAQ:AZTA – Get Free Report) have been given an average rating of “Hold” by the eight research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.50.
Several research firms recently weighed in on AZTA. Evercore reduced their target price on shares of Azenta from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Wall Street Zen lowered shares of Azenta from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Jefferies Financial Group reduced their target price on shares of Azenta from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Weiss Ratings upgraded shares of Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Finally, Zacks Research upgraded shares of Azenta from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th.
Check Out Our Latest Research Report on AZTA
Hedge Funds Weigh In On Azenta
Azenta Stock Up 3.3%
Shares of AZTA opened at $20.18 on Friday. The firm has a market cap of $930.10 million, a PE ratio of -5.10 and a beta of 1.43. The company’s fifty day moving average is $21.59 and its two-hundred day moving average is $29.03. Azenta has a fifty-two week low of $15.93 and a fifty-two week high of $41.73.
Azenta (NASDAQ:AZTA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The company had revenue of $144.80 million during the quarter, compared to analyst estimates of $148.47 million. Azenta had a negative net margin of 30.49% and a positive return on equity of 1.23%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS.
Azenta Company Profile
Azenta, Inc (NASDAQ: AZTA) is a life sciences technology company specializing in sample management, cryogenic storage and genomic services for research and clinical applications. Formerly the Life Sciences division of Brooks Automation, Azenta provides integrated solutions that enable customers to store, track and analyze biological samples with high levels of automation, data integrity and efficiency. Its offerings span automated storage systems, biorepository management software and end‐to‐end sample tracking workflows.
In addition to hardware and informatics platforms for sample storage, Azenta’s Genomics business delivers next‐generation sequencing (NGS), DNA synthesis, and molecular biology services.
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