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

Azenta (NASDAQ:AZTAFree Report) had its target price hoisted by Evercore ISI from $52.00 to $53.00 in a research report report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

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

Read Our Latest Analysis on AZTA

Azenta Stock Up 1.0 %

Azenta stock opened at $51.53 on Tuesday. Azenta has a twelve month low of $43.43 and a twelve month high of $69.16. The company has a market capitalization of $2.78 billion, a P/E ratio of -19.01 and a beta of 1.51. The stock’s 50 day moving average is $52.81 and its 200 day moving average is $59.03.

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

Institutional Inflows and Outflows

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

Azenta Company Profile

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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.

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