BidaskClub upgraded shares of Merit Medical Systems (NASDAQ:MMSI) from a sell rating to a hold rating in a report released on Thursday, January 18th.
A number of other equities analysts also recently issued reports on MMSI. ValuEngine downgraded Merit Medical Systems from a buy rating to a hold rating in a research report on Friday, December 1st. Canaccord Genuity reiterated a buy rating and issued a $45.00 target price on shares of Merit Medical Systems in a report on Sunday, October 8th. Zacks Investment Research downgraded Merit Medical Systems from a buy rating to a hold rating in a report on Tuesday, October 3rd. SunTrust Banks set a $47.00 price objective on Merit Medical Systems and gave the company a buy rating in a report on Thursday, November 16th. Finally, Wells Fargo & Co restated an outperform rating and set a $51.00 price objective (up previously from $46.00) on shares of Merit Medical Systems in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $43.77.
Shares of Merit Medical Systems (MMSI) opened at $43.25 on Thursday. Merit Medical Systems has a 12 month low of $27.25 and a 12 month high of $48.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.78. The company has a market capitalization of $2,140.98, a PE ratio of 70.90, a PEG ratio of 2.53 and a beta of 1.29.
In other Merit Medical Systems news, Director Franklin J. Miller sold 10,000 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $43.93, for a total value of $439,300.00. Following the sale, the director now directly owns 21,244 shares in the company, valued at $933,248.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kent W. Stanger sold 9,082 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $44.90, for a total value of $407,781.80. The disclosure for this sale can be found here. In the last three months, insiders sold 32,000 shares of company stock worth $1,416,379. Insiders own 5.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC bought a new stake in shares of Merit Medical Systems during the 4th quarter valued at $160,000. Ameritas Investment Partners Inc. raised its stake in shares of Merit Medical Systems by 20.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,272 shares of the medical instruments supplier’s stock valued at $163,000 after purchasing an additional 738 shares during the period. SG Americas Securities LLC bought a new stake in shares of Merit Medical Systems during the 3rd quarter valued at $189,000. Riverhead Capital Management LLC raised its stake in shares of Merit Medical Systems by 67.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,198 shares of the medical instruments supplier’s stock valued at $198,000 after purchasing an additional 2,098 shares during the period. Finally, Flinton Capital Management LLC increased its stake in Merit Medical Systems by 67.4% in the 2nd quarter. Flinton Capital Management LLC now owns 5,236 shares of the medical instruments supplier’s stock worth $200,000 after acquiring an additional 2,108 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.
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Merit Medical Systems Company Profile
Merit Medical Systems, Inc is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine devices.
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