Novadaq Technologies Inc (NVDQ) Given Average Rating of “Hold” by Analysts
Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) has been given an average recommendation of “Hold” by the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.00.
Several research firms recently weighed in on NVDQ. Scotiabank dropped their price target on Novadaq Technologies from $15.50 to $13.25 and set an “outperform” rating on the stock in a research report on Tuesday, June 20th. Canaccord Genuity downgraded Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 target price on the stock. in a report on Monday, July 10th. Stifel Nicolaus reissued a “buy” rating and issued a $10.00 target price on shares of Novadaq Technologies in a report on Friday, June 2nd. Zacks Investment Research raised Novadaq Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Northland Securities reissued a “hold” rating and issued a $11.75 target price on shares of Novadaq Technologies in a report on Monday, August 14th.
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Several large investors have recently made changes to their positions in NVDQ. US Bancorp DE lifted its holdings in shares of Novadaq Technologies by 0.8% during the first quarter. US Bancorp DE now owns 46,899 shares of the medical research company’s stock valued at $365,000 after purchasing an additional 362 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Novadaq Technologies by 14.7% during the first quarter. Bank of New York Mellon Corp now owns 73,875 shares of the medical research company’s stock valued at $576,000 after purchasing an additional 9,454 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Novadaq Technologies by 12.9% during the first quarter. Envestnet Asset Management Inc. now owns 25,374 shares of the medical research company’s stock valued at $197,000 after purchasing an additional 2,898 shares in the last quarter. AXA lifted its holdings in shares of Novadaq Technologies by 8.2% during the first quarter. AXA now owns 1,160,732 shares of the medical research company’s stock valued at $9,042,000 after purchasing an additional 88,378 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of Novadaq Technologies during the first quarter valued at $13,900,000. 75.38% of the stock is currently owned by hedge funds and other institutional investors.
Novadaq Technologies (NASDAQ:NVDQ) opened at 11.75 on Friday. Novadaq Technologies has a one year low of $5.84 and a one year high of $12.74. The company’s market capitalization is $679.41 million. The company has a 50 day moving average price of $11.68 and a 200-day moving average price of $9.03.
About Novadaq Technologies
NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.
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