ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Stock Rating Lowered by Zacks Investment Research

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, January 3rd.

According to Zacks, “Cantel Medical Corporation is a global company dedicated to delivering innovative infection prevention products and services for patients, caregivers, and other healthcare providers, which improve outcomes and help save lives. Through an expansive portfolio of endoscopy, water purification and filtration, and healthcare disposables, Cantel Medical provides high-quality infection prevention solutions and unsurpassed service, touching millions of patients each year around the world. Cantel Medical is a leading provider of infection prevention products and services in the healthcare market. Cantel Medical specializing in the Endoscopy procedure disposables includes single-use valves and irrigation tubing. Medical device reprocessing systems, disinfectants, detergents and other supplies are used to disinfect high-level endoscopes. “

Several other analysts have also commented on CMD. Raymond James Financial raised ProShares UltraShort DJ-UBS Commodity from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Wednesday, January 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Thursday, December 7th.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) opened at $80.17 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.31 and a quick ratio of 1.36. ProShares UltraShort DJ-UBS Commodity has a 1 year low of $37.21 and a 1 year high of $86.30.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last released its quarterly earnings data on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $207.72 million. ProShares UltraShort DJ-UBS Commodity had a return on equity of 16.70% and a net margin of 9.02%. ProShares UltraShort DJ-UBS Commodity’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share.

In related news, Chairman Charles M. Diker sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $101.60, for a total value of $1,828,800.00. Following the completion of the sale, the chairman now owns 3,066,256 shares in the company, valued at $311,531,609.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George L. Fotiades sold 5,700 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $101.09, for a total value of $576,213.00. Following the completion of the sale, the director now owns 94,366 shares of the company’s stock, valued at approximately $9,539,458.94. The disclosure for this sale can be found here. Insiders have sold 61,956 shares of company stock worth $6,356,835 in the last ninety days. 14.90% of the stock is currently owned by insiders.

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ProShares UltraShort DJ-UBS Commodity Company Profile

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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