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AngioDynamics (NASDAQ:ANGO) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $20.00 target price on the stock, up from their previous target price of $16.25. Canaccord Genuity’s target price indicates a potential upside of 30.63% from the stock’s previous close.

AngioDynamics (NASDAQ:ANGO) opened at 15.31 on Thursday. AngioDynamics has a 1-year low of $10.53 and a 1-year high of $19.00. The stock has a 50-day moving average of $14.01 and a 200-day moving average of $15.43. The company has a market cap of $540.0 million and a price-to-earnings ratio of 142.08.

AngioDynamics (NASDAQ:ANGO) last released its earnings data on Wednesday, April 9th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.07. The company had revenue of $88.20 million for the quarter, compared to the consensus estimate of $86.85 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that AngioDynamics will post $0.30 EPS for the current fiscal year.

A number of other firms have also recently commented on ANGO. Analysts at Zacks reiterated a “neutral” rating on shares of AngioDynamics in a research note on Thursday, May 22nd. They now have a $15.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of AngioDynamics from $19.00 to $18.00 in a research note on Friday, May 16th. Finally, analysts at TheStreet downgraded shares of AngioDynamics from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th.

AngioDynamics, Inc designs manufacture and sell a range of medical, surgical and diagnostic devices used by professional healthcare providers for vascular access, for the treatment of peripheral vascular disease and for use in oncology and surgical settings.

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