Azenta (NASDAQ:AZTA) Stock Rating Upgraded by TD Cowen

Azenta (NASDAQ:AZTA) was upgraded by TD Cowen to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Azenta in a report on Thursday, January 2nd. Needham & Company LLC boosted their price objective on Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Evercore ISI boosted their price objective on Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Azenta presently has an average rating of “Hold” and a consensus target price of $58.75.

Azenta Stock Performance

Shares of AZTA opened at $43.62 on Thursday. The stock has a 50-day moving average of $50.17 and a two-hundred day moving average of $47.75. Azenta has a one year low of $38.82 and a one year high of $67.77. The stock has a market cap of $1.99 billion, a P/E ratio of -14.64 and a beta of 1.47.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. Analysts predict that Azenta will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Azenta

Institutional investors and hedge funds have recently modified their holdings of the business. Picton Mahoney Asset Management increased its stake in Azenta by 305.7% during the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company’s stock worth $35,000 after buying an additional 532 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Azenta during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC increased its stake in Azenta by 20.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock worth $74,000 after buying an additional 256 shares in the last quarter. Covestor Ltd increased its stake in Azenta by 64.2% during the 4th quarter. Covestor Ltd now owns 2,043 shares of the company’s stock worth $102,000 after buying an additional 799 shares in the last quarter. Finally, KBC Group NV increased its stake in Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company’s stock worth $107,000 after buying an additional 698 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.

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.