CONMED Corp. Reaches New 12-Month High at $35.03 (CNMD)
CONMED Corp. (NASDAQ:CNMD)’s share price reached a new 52-week high during mid-day trading on Friday, Analyst RN reports. The stock traded as high as $35.03 and last traded at $35.01, with a volume of 52,294 shares traded. The stock had previously closed at $34.35.
A number of analysts have recently weighed in on CNMD shares. Analysts at Needham & Company initiated coverage on shares of CONMED Corp. in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $37.00 price target on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of CONMED Corp. from $34.00 to $36.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Finally, analysts at Ladenburg Thalmann raised their price target on shares of CONMED Corp. from $36.25 to $42.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. They noted that the move was a valuation call.
CONMED Corp. has a 1-year low of $25.39 and a 1-year high of $34.86. The stock has a 50-day moving average of $32.98 and a 200-day moving average of $32.64. The company has a market cap of $967.1 million and a price-to-earnings ratio of 24.36.
CONMED Corp. (NASDAQ:CNMD) last announced its earnings results on Wednesday, July 24th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.01. The company had revenue of $193.00 million for the quarter, compared to the consensus estimate of $193.55 million. During the same quarter last year, the company posted $0.43 earnings per share. CONMED Corp.’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that CONMED Corp. will post $1.82 EPS for the current fiscal year.
CONMED Corporation (NASDAQ:CNMD) is a medical technology company/ The Company emphasizes on surgical devices and equipment for minimally invasive procedures and monitoring.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.