Novadaq Technologies Given Consensus Rating of “Buy” by Analysts (NASDAQ:NVDQ)
Novadaq Technologies (NASDAQ:NVDQ) has been given an average rating of “Buy” by the seven analysts that are covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.75.
A number of analysts have recently weighed in on NVDQ shares. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Novadaq Technologies in a research note on Wednesday. They now have a $19.00 price target on the stock, down previously from $20.00. Separately, analysts at RBC Capital cut their price target on shares of Novadaq Technologies from $18.00 to $17.00 in a research note on Wednesday. Finally, analysts at Canaccord Genuity cut their price target on shares of Novadaq Technologies from $21.00 to $18.00 in a research note on Wednesday.
Novadaq Technologies (NASDAQ:NVDQ) opened at 13.92 on Wednesday. Novadaq Technologies has a 52 week low of $11.91 and a 52 week high of $24.09. The stock’s 50-day moving average is $16.12 and its 200-day moving average is $17.82. The company’s market cap is $768.2 million.
Novadaq Technologies (NASDAQ:NVDQ) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.18. The company had revenue of $11.20 million for the quarter, compared to the consensus estimate of $11.33 million. During the same quarter last year, the company posted ($0.05) earnings per share. Novadaq Technologies’s revenue was up 38.3% compared to the same quarter last year. On average, analysts predict that Novadaq Technologies will post $-0.25 earnings per share for the current fiscal year.
Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.