Mazor Robotics Ltd -’s Overweight Rating Reaffirmed at Barclays (MZOR)
Mazor Robotics Ltd – (NASDAQ:MZOR)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Thursday, Analyst Ratings Network reports. They currently have a $27.00 price target on the stock, down from their previous price target of $29.00. Barclays’ price target would indicate a potential upside of 61.97% from the company’s current price.
Shares of Mazor Robotics Ltd – (NASDAQ:MZOR) traded down 1.92% on Thursday, hitting $16.35. The stock had a trading volume of 74,628 shares. Mazor Robotics Ltd – has a 52-week low of $8.96 and a 52-week high of $25.61. The stock has a 50-day moving average of $19.96 and a 200-day moving average of $20.74. The company’s market cap is $342.1 million.
Mazor Robotics Ltd – (NASDAQ:MZOR) last announced its earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.08). The company had revenue of $4.90 million for the quarter, compared to the consensus estimate of $5.79 million. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Mazor Robotics Ltd – will post $-0.28 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee initiated coverage on shares of Mazor Robotics Ltd – in a research note on Tuesday, April 8th. They set a “neutral” rating and a $20.00 price target on the stock. Separately, analysts at Ladenburg Thalmann raised their price target on shares of Mazor Robotics Ltd – from $20.75 to $27.50 in a research note on Wednesday, February 26th. They now have a “buy” rating on the stock. Finally, analysts at WallachBeth Capital raised their price target on shares of Mazor Robotics Ltd – from $26.00 to $28.00 in a research note on Wednesday, February 26th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.70.
Mazor Robotics Ltd is an Israel-based company active in the advanced medical sector. It is engaged in the development of miniature semi-robotic, bone-mounted positioning systems for orthopedic procedures.
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