Cutera Upgraded by Zacks to “Neutral” (CUTR)
Cutera (NASDAQ:CUTR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings Net reports. The firm currently has a $9.30 price target on the stock. Zacks‘ target price points to a potential upside of 3.91% from the stock’s previous close.
Cutera (NASDAQ:CUTR) traded down 1.10% on Tuesday, hitting $8.95. 92,097 shares of the company’s stock traded hands. Cutera has a 52-week low of $7.14 and a 52-week high of $14.14. The stock has a 50-day moving average of $9.34 and a 200-day moving average of $9.91. The company’s market cap is $132.6 million.
Cutera (NASDAQ:CUTR) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.02. The company had revenue of $149.60 million for the quarter, compared to the consensus estimate of $21.70 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Cutera will post $-0.12 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Cutera from a “hold” rating to an “underperform” rating in a research note to investors on Tuesday, August 6th. Separately, analysts at Sidoti downgraded shares of Cutera from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. Finally, analysts at Griffin Securities cut their price target on shares of Cutera from $15.00 to $13.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Cutera has an average rating of “Hold” and an average target price of $12.33.
Cutera, Inc is a global medical device company. It specializes in the designing, developing, manufacturing, marketing and servicing of laser and other light-based aesthetics systems for practitioners globally.
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