Volcano Corp. PT Lowered to $25.00 (VOLC)
Equities research analysts at Roth Capital cut their price objective on shares of Volcano Corp. (NASDAQ:VOLC) from $26.00 to $25.00 in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Roth Capital’s price target points to a potential upside of 19.34% from the company’s current price.
Shares of Volcano Corp. (NASDAQ:VOLC) traded down 14.01% during mid-day trading on Tuesday, hitting $20.948. The stock had a trading volume of 7,541,664 shares. Volcano Corp. has a 52 week low of $16.37 and a 52 week high of $30.15. The stock has a 50-day moving average of $21.66 and a 200-day moving average of $20.29. The company’s market cap is $1.144 billion.
Volcano Corp. (NASDAQ:VOLC) last announced its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.04. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $97.90 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Volcano Corp. will post $0.05 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Volcano Corp. from $28.00 to $27.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Volcano Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $24.00 price target on the stock, down previously from $26.00. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Volcano Corp. from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $24.00 price target on the stock, down previously from $29.00. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Volcano Corp. has an average rating of “Hold” and an average price target of $24.47.
Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.
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