Invacare Corp. Rating Lowered to Neutral at Sidoti (IVC)
Invacare Corp. (NYSE:IVC) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
IVC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Invacare Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $17.00 price target on the stock. Separately, analysts at CJS Securities initiated coverage on shares of Invacare Corp. in a research note to investors on Tuesday, September 24th. They set an “outperform” rating on the stock.
Shares of Invacare Corp. (NYSE:IVC) traded up 9.23% on Thursday, hitting $19.77. The stock had a trading volume of 718,462 shares. Invacare Corp. has a 1-year low of $10.26 and a 1-year high of $18.27. The stock’s 50-day moving average is $15.72 and its 200-day moving average is $14.62. The company has a market cap of $632.7 million and a price-to-earnings ratio of 31.37.
Invacare Corp. (NYSE:IVC) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.26) by $0.08. The company had revenue of $341.20 million for the quarter, compared to the consensus estimate of $333.10 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that Invacare Corp. will post $-1.21 earnings per share for the current fiscal year.
Invacare Corporation (NYSE:IVC) is the manufacturer and distributor of medical equipment and supplies used in home.
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.