ValuEngine upgraded shares of Invacare (NYSE:IVC) from a sell rating to a hold rating in a research note released on Sunday, December 31st.
Several other research analysts also recently weighed in on IVC. KeyCorp reissued a buy rating and issued a $20.00 target price on shares of Invacare in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Invacare from a hold rating to a sell rating in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Invacare has an average rating of Hold and an average price target of $16.00.
Shares of Invacare (NYSE IVC) opened at $17.05 on Friday. The firm has a market cap of $558.80, a PE ratio of -7.29 and a beta of 2.45. Invacare has a 52-week low of $9.90 and a 52-week high of $17.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.28 and a quick ratio of 1.57.
Invacare (NYSE:IVC) last released its earnings results on Tuesday, November 7th. The health services provider reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.02. The firm had revenue of $250.91 million for the quarter, compared to analysts’ expectations of $239.88 million. Invacare had a negative net margin of 7.95% and a negative return on equity of 13.33%. Invacare’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.37) EPS. equities analysts predict that Invacare will post -2.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th were paid a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, January 3rd. Invacare’s dividend payout ratio (DPR) is presently -2.14%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan raised its position in shares of Invacare by 4.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,580 shares of the health services provider’s stock valued at $100,000 after purchasing an additional 310 shares during the period. 1st Global Advisors Inc. bought a new position in shares of Invacare in the second quarter valued at approximately $138,000. BNP Paribas Arbitrage SA raised its position in shares of Invacare by 39.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,646 shares of the health services provider’s stock valued at $193,000 after purchasing an additional 4,166 shares during the period. Arizona State Retirement System raised its position in shares of Invacare by 1.2% in the second quarter. Arizona State Retirement System now owns 16,724 shares of the health services provider’s stock valued at $221,000 after purchasing an additional 200 shares during the period. Finally, AXA bought a new position in shares of Invacare in the second quarter valued at approximately $224,000.
COPYRIGHT VIOLATION NOTICE: “Invacare (IVC) Raised to “Hold” at ValuEngine” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/17/valuengine-upgrades-invacare-ivc-to-hold.html.
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Invacare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invacare and related companies with MarketBeat.com's FREE daily email newsletter.