Orthofix International N.V. (OFIX) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Orthofix International N.V. (NASDAQ:OFIX) have been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $52.75.
OFIX has been the topic of a number of analyst reports. Langenberg & Company reiterated a “buy” rating and set a $53.25 price objective on shares of Orthofix International N.V. in a research report on Wednesday, June 14th. Zacks Investment Research upgraded Orthofix International N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. BTIG Research initiated coverage on Orthofix International N.V. in a research report on Wednesday, June 21st. They set a “buy” rating and a $52.00 price objective on the stock. Ladenburg Thalmann Financial Services initiated coverage on Orthofix International N.V. in a research report on Wednesday, June 14th. They set a “buy” rating and a $53.25 price objective on the stock. Finally, TheStreet upgraded Orthofix International N.V. from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th.
Shares of Orthofix International N.V. (NASDAQ OFIX) opened at 47.85 on Friday. Orthofix International N.V. has a one year low of $32.51 and a one year high of $50.40. The stock’s 50 day moving average price is $47.80 and its 200 day moving average price is $43.18. The stock has a market capitalization of $869.43 million, a PE ratio of 112.06 and a beta of 0.22.
Orthofix International N.V. (NASDAQ:OFIX) last announced its quarterly earnings data on Monday, August 7th. The medical device company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. Orthofix International N.V. had a return on equity of 9.96% and a net margin of 1.88%. The firm had revenue of $108.90 million for the quarter, compared to the consensus estimate of $102.94 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts predict that Orthofix International N.V. will post $1.56 EPS for the current fiscal year.
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In other news, CFO Rice Doug sold 7,353 shares of Orthofix International N.V. stock in a transaction on Monday, September 11th. The stock was sold at an average price of $49.46, for a total value of $363,679.38. Following the completion of the sale, the chief financial officer now directly owns 44,743 shares of the company’s stock, valued at $2,212,988.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley V. Niemann sold 6,956 shares of Orthofix International N.V. stock in a transaction on Monday, September 11th. The shares were sold at an average price of $49.44, for a total value of $343,904.64. Following the completion of the sale, the insider now directly owns 40,178 shares of the company’s stock, valued at $1,986,400.32. The disclosure for this sale can be found here. Insiders sold 23,406 shares of company stock worth $1,138,531 in the last 90 days. Company insiders own 5.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in Orthofix International N.V. during the 1st quarter worth $20,021,000. Vanguard Group Inc. grew its stake in Orthofix International N.V. by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 1,815,948 shares of the medical device company’s stock worth $69,278,000 after purchasing an additional 284,482 shares in the last quarter. Teachers Advisors LLC grew its stake in Orthofix International N.V. by 676.2% during the 1st quarter. Teachers Advisors LLC now owns 276,340 shares of the medical device company’s stock worth $10,542,000 after purchasing an additional 240,740 shares in the last quarter. Paradice Investment Management LLC acquired a new position in Orthofix International N.V. during the 2nd quarter worth $6,642,000. Finally, Principal Financial Group Inc. acquired a new position in Orthofix International N.V. during the 1st quarter worth $5,359,000. 94.40% of the stock is owned by institutional investors and hedge funds.
Orthofix International N.V. Company Profile
Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.
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