Cynosure Rating Increased to Neutral at Zacks (CYNO)
Cynosure (NASDAQ:CYNO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday. The firm currently has a $21.70 price target on the stock. Zacks‘s price target points to a potential upside of 5.70% from the stock’s previous close.
Shares of Cynosure (NASDAQ:CYNO) traded down 2.98% on Tuesday, hitting $20.53. The stock had a trading volume of 330,324 shares. Cynosure has a 52-week low of $19.00 and a 52-week high of $31.48. The stock’s 50-day moving average is $21.35 and its 200-day moving average is $25.61. The company’s market cap is $458.2 million.
Cynosure (NASDAQ:CYNO) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $62.00 million for the quarter, compared to the consensus estimate of $64.70 million. During the same quarter last year, the company posted $0.12 earnings per share. Cynosure’s revenue was up 52.3% compared to the same quarter last year. On average, analysts predict that Cynosure will post $1.26 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Cynosure from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Analysts at Maxim Group cut their price target on shares of Cynosure from $39.00 to $35.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.93.
Cynosure Inc (NASDAQ:CYNO) develops and markets aesthetic treatment systems that are used by physicians and other practitioners to perform non-invasive and minimally invasive procedures to remove hair rejuvenate the skin through the treatment of vascular and pigmented lesions, remove multi-colored tattoos, liquefy and remove unwanted fat through laser lypolysis, reduce cellulite and treat onychomycosis.
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