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Novadaq Technologies (NASDAQ:NVDQ) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday, AnalystRatingsNetwork reports. The firm currently has a $19.30 target price on the stock. Zacks‘ price objective suggests a potential upside of 17.04% from the company’s current price.

Shares of Novadaq Technologies (NASDAQ:NVDQ) traded up 1.82% on Thursday, hitting $16.79. 147,349 shares of the company’s stock traded hands. Novadaq Technologies has a 52-week low of $8.53 and a 52-week high of $18.77. The stock has a 50-day moving average of $16.48 and a 200-day moving average of $15.24. The company’s market cap is $816.3 million.

Novadaq Technologies (NASDAQ:NVDQ) last released its earnings data on Tuesday, October 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.11. The company had revenue of $8.90 million for the quarter, compared to the consensus estimate of $8.68 million. The company’s revenue for the quarter was up 56.8% on a year-over-year basis.

Several other analysts have also recently commented on the stock. Analysts at William Blair initiated coverage on shares of Novadaq Technologies in a research note to investors on Friday, November 15th. They set an “outperform” rating and a $2.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Novadaq Technologies from C$18.00 to C$22.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of Novadaq Technologies from C$15.00 to C$20.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Novadaq Technologies presently has a consensus rating of “Buy” and a consensus price target of $14.76.

Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room.

To view Zacks’ full report, visit www.zacks.com

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