Rating Change: Analysts at Stifel Nicolaus Reconfirmed their “Buy” rating for Align Technology (NASDAQ:ALGN) with $110.00 PT

November 28, 2016 - By Peter Kolinski

Rating Change: Analysts at Stifel Nicolaus Reconfirmed their

Align Technology (NASDAQ:ALGN) Rating

The firm have set target price per share of $110.00 on Align Technology (NASDAQ:ALGN) shares. This is 14.70% from the last stock price. In analysts note sent to investors and clients on Monday morning, Stifel Nicolaus reaffirmed their “Buy” rating on shares of ALGN.

Align Technology, Inc. (NASDAQ:ALGN) Ratings Coverage

Out of 8 analysts covering Align Technology (NASDAQ:ALGN), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $84 is the highest target while $72 is the lowest. The $78.29 average target is -18.36% below today’s ($95.9) stock price. Align Technology has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, October 3 by Robert W. Baird. The company was maintained on Friday, January 29 by Stifel Nicolaus. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Stifel Nicolaus on Friday, October 23. Roth Capital maintained the shares of ALGN in a report on Wednesday, March 23 with “Buy” rating. The firm earned “Overweight” rating on Wednesday, November 18 by Piper Jaffray. The firm has “Outperform” rating by Leerink Swann given on Friday, September 11. The rating was initiated by Credit Suisse on Wednesday, May 11 with “Outperform”.

About 444,295 shares traded hands. Align Technology, Inc. (NASDAQ:ALGN) has risen 29.50% since April 25, 2016 and is uptrending. It has outperformed by 23.48% the S&P500.

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on January, 26. They expect $0.67 earnings per share, up 11.67% or $0.07 from last year’s $0.6 per share. ALGN’s profit will be $53.73 million for 35.78 P/E if the $0.67 EPS becomes a reality. After $0.63 actual earnings per share reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts 6.35% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.41 in 2016 Q2. Its up 0.16, from 1.25 in 2016Q1. The ratio is positive, as 33 funds sold all Align Technology, Inc. shares owned while 99 reduced positions. 62 funds bought stakes while 103 increased positions. They now own 64.99 million shares or 4.19% less from 67.84 million shares in 2016Q1.

M&T State Bank has invested 0% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Cookson Peirce & Communications has 1.29% invested in the company for 107,505 shares. Ibm Retirement Fund reported 7,293 shares or 0.02% of all its holdings. Hussman Strategic Advisors holds 0.53% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 43,000 shares. Citigroup holds 0% or 23,964 shares in its portfolio. Wells Fargo & Mn has 0.06% invested in the company for 1.77M shares. Mariner Wealth Advsrs Limited Liability Corp has invested 0.01% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). National Bank & Trust Of Montreal Can last reported 120,683 shares in the company. Employees Retirement Association Of Colorado holds 16,794 shares or 0.01% of its portfolio. Credit Suisse Ag owns 138,784 shares or 0.01% of their US portfolio. Blackrock Ltd Liability Company holds 0% or 40,490 shares in its portfolio. Federated Investors Pa owns 41,648 shares or 0.01% of their US portfolio. Next Century Growth Investors Ltd Liability holds 0.95% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 252,551 shares. The Quebec – Canada-based Fiera Cap has invested 0.35% in Align Technology, Inc. (NASDAQ:ALGN). First Quadrant L P Ca has 0.04% invested in the company for 23,266 shares.

Insider Transactions: Since August 9, 2016, the stock had 0 insider purchases, and 7 selling transactions for $12.87 million net activity. $5.72 million worth of Align Technology, Inc. (NASDAQ:ALGN) was sold by LACOB JOSEPH on Friday, November 11. Tay Julie had sold 3,000 shares worth $277,800 on Tuesday, August 9. Shares for $1.30 million were sold by Relic Zelko on Monday, August 15. $979,130 worth of Align Technology, Inc. (NASDAQ:ALGN) shares were sold by SANTORA GREG J. $1.07 million worth of Align Technology, Inc. (NASDAQ:ALGN) shares were sold by WHITE DAVID L. Olson Jennifer also sold $74,545 worth of Align Technology, Inc. (NASDAQ:ALGN) on Monday, August 29.

Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing digital services used in dentistry, orthodontics and dental records storage. The company has a market cap of $7.69 billion. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 40.86 P/E ratio. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Express/Lite, Teen, Assist and Vivera Retainers, along with its training and ancillary products for treating malocclusion.

According to Zacks Investment Research, “Align Technology Inc. designs, manufactures and markets the Invisalign System, a proprietary method for treating malocclusion. The System corrects malocclusion using a series of clear, removable appliances that gently move teeth to a desired final position. Because it does not rely on the use of metal or ceramic brackets and wires, the System significantly reduces the aesthetic and other limitations associated with braces. The Invisalign System also offers orthodontists a new means of carrying out their diagnosis and treatment planning processes.”

ALGN Company Profile

Align Technology, Inc., incorporated on April 3, 1997, designs, makes and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Express/Lite, Teen, Assist and Vivera Retainers, along with its training and ancillary products for treating malocclusion. The Scanner segment consists of intra-oral scanning systems and other services available with the intra-oral scanners that provide digital alternatives to the traditional cast models. The Company’s iTero scanner is used by dental professionals, and labs and services for restorative and orthodontic digital procedures, as well as Invisalign digital impression submission.

More news for Align Technology, Inc. (NASDAQ:ALGN) were recently published by: Fool.com, which released: “Align Technology Inc. Beats Q3 Expectations With Record Invisalign Volume” on November 07, 2016. Fool.com‘s article titled: “International Sales Help Align Technology, Inc. in Q2” and published on July 29, 2016 is yet another important article.

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