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Volcano (NASDAQ:VOLC) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $15.00 price objective on the stock, down from their previous price objective of $22.00. Oppenheimer’s price target suggests a potential upside of 19.43% from the stock’s previous close.

A number of other firms have also recently commented on VOLC. Analysts at Jefferies Group cut their price target on shares of Volcano from $24.00 to $20.00 in a research note on Friday. Separately, analysts at Cantor Fitzgerald initiated coverage on shares of Volcano in a research note on Tuesday, June 24th. They set a “hold” rating and a $21.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Volcano in a research note on Wednesday, May 28th. They now have a $18.00 price target on the stock, down previously from $21.00. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.64.

Volcano (NASDAQ:VOLC) traded down 20.41% during mid-day trading on Friday, hitting $12.56. The stock had a trading volume of 6,621,574 shares. Volcano has a one year low of $11.54 and a one year high of $24.62. The stock has a 50-day moving average of $16.70 and a 200-day moving average of $18.92. The company’s market cap is $644.3 million.

Volcano (NASDAQ:VOLC) last announced its earnings results on Thursday, August 7th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue 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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