Alert: Positive Investment/Fundamental Signals (11/17/23)-Azenta Inc (NASDAQ: AZTA)


Azenta Inc (NASDAQ: AZTA) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and its longer term price trend turned up.

Azenta Inc (NASDAQ: AZTA). Notable positive changes in fundamentals have recently occurred. Positive developments: the consensus estimate for September, 2024 increased significantly, the consensus estimate for September, 2023 increased significantly, and the stock’s power rating rose above 70. Negative development: significant quarterly earnings deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, AZTA is expected to continue to be Value Creation neutral.

Azenta has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Azenta has a neutral Appreciation Score of 42 but a good Power Rating of 83, triggering the Positive Value Trend Rating.

Recent Price Action

On 11/17/23, Azenta Inc (NASDAQ: AZTA) stock increased 1.1%, closing at $55.16. The stock has been exceptionally strong relative to the market over the last nine months and has risen 17.3% during the last week.

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