Volcano Stock Rating Reaffirmed by Credit Suisse (VOLC)
Volcano (NASDAQ:VOLC)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday. They currently have a $16.00 price target on the stock, down from their previous price target of $23.00. Credit Suisse’s price target would suggest a potential upside of 1.39% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Volcano in a research note on Friday. They now have a $18.00 price target on the stock, down previously from $23.00. Separately, analysts at Oppenheimer downgraded shares of Volcano from an “outperform” rating to a “market perform” rating in a research note on Friday. They now have a $15.00 price target on the stock, down previously from $22.00. Finally, analysts at Jefferies Group cut their price target on shares of Volcano from $24.00 to $20.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.36.
Shares of Volcano (NASDAQ:VOLC) traded down 20.41% on Friday, hitting $12.56. 6,610,310 shares of the company’s stock traded hands. Volcano has a 52-week low of $15.38 and a 52-week high of $24.62. The stock’s 50-day moving average is $16.86 and its 200-day moving average is $18.97. The company’s market cap is $643.4 million.
Volcano (NASDAQ:VOLC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.06. The company had revenue of $102.60 million for the quarter, compared to the consensus estimate of $103.14 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Volcano will post $-0.19 EPS for the current fiscal year.
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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