Orthofix International (NASDAQ:OFIX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday, March 16th.
A number of other research analysts have also recently commented on OFIX. ValuEngine upgraded shares of Orthofix International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Gabelli reaffirmed a “buy” rating on shares of Orthofix International in a research note on Wednesday, February 28th. Finally, SunTrust Banks raised their price target on Orthofix International to $67.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Orthofix International currently has an average rating of “Buy” and an average price target of $57.42.
Shares of NASDAQ:OFIX traded down $0.96 during midday trading on Friday, reaching $57.85. The company had a trading volume of 113,882 shares, compared to its average volume of 127,828. The company has a market capitalization of $1,064.73, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 3.25 and a beta of 0.24. Orthofix International has a 52-week low of $36.10 and a 52-week high of $61.00.
Orthofix International (NASDAQ:OFIX) last released its quarterly earnings data on Monday, February 26th. The medical device company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $116.90 million for the quarter, compared to the consensus estimate of $116.93 million. Orthofix International had a net margin of 1.43% and a return on equity of 10.66%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. analysts predict that Orthofix International will post 1.84 EPS for the current year.
A number of large investors have recently made changes to their positions in OFIX. Ramsey Quantitative Systems purchased a new position in Orthofix International in the fourth quarter worth about $247,000. Crossmark Global Holdings Inc. purchased a new position in shares of Orthofix International during the 4th quarter valued at about $260,000. FineMark National Bank & Trust purchased a new position in Orthofix International in the 4th quarter worth approximately $266,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Orthofix International in the 3rd quarter worth approximately $315,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Orthofix International by 60.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,770 shares of the medical device company’s stock worth $320,000 after purchasing an additional 2,560 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.
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About Orthofix International
Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.
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