Evercore ISI Boosts Azenta (NASDAQ:AZTA) Price Target to $53.00

Azenta (NASDAQ:AZTA) had its target price boosted by Evercore ISI from $52.00 to $53.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC dropped their target price on Azenta from $75.00 to $69.00 and set a buy rating on the stock in a report on Thursday, May 9th. Jefferies Financial Group initiated coverage on shares of Azenta in a research report on Thursday, April 4th. They set a hold rating and a $64.00 target price on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $67.00.

Azenta Stock Up 0.8 %

AZTA opened at $51.95 on Tuesday. Azenta has a 52-week low of $43.43 and a 52-week high of $69.16. The company has a 50 day moving average of $52.81 and a two-hundred day moving average of $58.93. The company has a market cap of $2.80 billion, a P/E ratio of -19.17 and a beta of 1.51.

Azenta (NASDAQ:AZTA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Azenta had a negative net margin of 23.12% and a positive return on equity of 0.81%. The firm had revenue of $159.13 million during the quarter, compared to analysts’ expectations of $159.89 million. During the same period in the prior year, the company earned ($0.06) EPS. The firm’s revenue was up 7.2% on a year-over-year basis. Research analysts anticipate that Azenta will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Azenta

Several hedge funds and other institutional investors have recently bought and sold shares of AZTA. Park Avenue Securities LLC grew its position in shares of Azenta by 1.6% during the first quarter. Park Avenue Securities LLC now owns 12,181 shares of the company’s stock worth $734,000 after buying an additional 192 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Azenta by 1.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,488 shares of the company’s stock worth $813,000 after acquiring an additional 229 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Azenta by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 75,339 shares of the company’s stock worth $4,908,000 after acquiring an additional 230 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Azenta by 35.6% in the 4th quarter. Headlands Technologies LLC now owns 883 shares of the company’s stock worth $58,000 after purchasing an additional 232 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Azenta by 0.3% in the 4th quarter. Raymond James & Associates now owns 96,126 shares of the company’s stock valued at $6,262,000 after purchasing an additional 285 shares in the last quarter. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

Azenta Company Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.