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Volcano (NASDAQ:VOLC)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a $18.00 price objective on the stock, down from their previous price objective of $21.00. Canaccord Genuity’s price objective indicates a potential downside of 2.54% from the company’s current price.

Volcano (NASDAQ:VOLC) traded down 3.84% during mid-day trading on Wednesday, hitting $17.76. 673,664 shares of the company’s stock traded hands. Volcano has a 1-year low of $16.54 and a 1-year high of $24.62. The stock has a 50-day moving average of $18.05 and a 200-day moving average of $20.6. The company’s market cap is $909.8 million.

Volcano (NASDAQ:VOLC) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.11) by $0.01. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $94.69 million. During the same quarter last year, the company posted $0.02 earnings per share. Volcano’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that Volcano will post $-0.19 EPS for the current fiscal year.

VOLC has been the subject of a number of other recent research reports. Analysts at Feltl & Co. upgraded shares of Volcano from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Separately, analysts at BMO Capital Markets cut their price target on shares of Volcano from $22.00 to $19.00 in a research note on Monday, May 5th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Volcano in a research note on Monday, April 21st. They now have a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Volcano presently has an average rating of “Hold” and a consensus target price of $22.70.

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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