In-Depth Examination Of 4 Analyst Recommendations For AngioDynamics

Across the recent three months, 4 analysts have shared their insights on AngioDynamics ANGO, expressing a variety of opinions spanning from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $13.5, a high estimate of $14.00, and a low estimate of $12.00. This current average has decreased by 1.82% from the previous average price target of $13.75.

Investigating Analyst Ratings: An Elaborate Study

In examining recent analyst actions, we gain insights into how financial experts perceive AngioDynamics. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to AngioDynamics. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AngioDynamics compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for AngioDynamics's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

For valuable insights into AngioDynamics's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

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About AngioDynamics

AngioDynamics Inc designs manufactures, and sells medical, surgical, and diagnostic devices used by professional healthcare providers for the treatment of peripheral vascular disease and for use in oncology and surgical settings. Geographically, the company derives a majority of its revenue from the United States from sale of Med Tech and Med Device.

AngioDynamics: Delving into Financials

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Challenges: AngioDynamics's revenue growth over 3 months faced difficulties. As of 31 August, 2024, the company experienced a decline of approximately -14.22%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Health Care sector.

Net Margin: AngioDynamics's net margin is impressive, surpassing industry averages. With a net margin of -18.96%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): AngioDynamics's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -6.36% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): AngioDynamics's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -4.19%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.02, AngioDynamics adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Basics of Analyst Ratings

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.