Invacare Corporation (IVC) Receives Consensus Rating of “Hold” from Analysts
Invacare Corporation (NYSE:IVC) has been given a consensus rating of “Hold” by the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.50.
Several equities research analysts have recently issued reports on the stock. KeyCorp restated an “overweight” rating and set a $17.00 price target on shares of Invacare Corporation in a research note on Tuesday, September 26th. ValuEngine raised shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub downgraded shares of Invacare Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of Invacare Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th.
In related news, SVP Dean J. Childers sold 6,249 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $15.15, for a total value of $94,672.35. Following the completion of the transaction, the senior vice president now directly owns 44,875 shares of the company’s stock, valued at approximately $679,856.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan boosted its holdings in Invacare Corporation by 4.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,580 shares of the health services provider’s stock worth $100,000 after buying an additional 310 shares during the period. 1st Global Advisors Inc. bought a new position in Invacare Corporation in the 2nd quarter worth approximately $138,000. Leucadia National Corp bought a new position in Invacare Corporation in the 2nd quarter worth approximately $161,000. Louisiana State Employees Retirement System boosted its holdings in Invacare Corporation by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the health services provider’s stock worth $173,000 after buying an additional 200 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in Invacare Corporation by 39.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,646 shares of the health services provider’s stock worth $193,000 after buying an additional 4,166 shares during the period. 94.65% of the stock is owned by institutional investors.
Shares of Invacare Corporation (NYSE IVC) opened at $15.05 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.53 and a current ratio of 2.27. Invacare Corporation has a one year low of $9.05 and a one year high of $16.65.
Invacare Corporation (NYSE:IVC) last issued its quarterly earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($0.21). Invacare Corporation had a negative return on equity of 12.79% and a negative net margin of 6.42%. The company had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $243.03 million. During the same quarter in the previous year, the business earned ($0.33) EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. analysts expect that Invacare Corporation will post -1.9 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Thursday, October 5th were issued a $0.0125 dividend. This represents a $0.05 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Wednesday, October 4th. Invacare Corporation’s dividend payout ratio (DPR) is presently -2.59%.
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Invacare Corporation Company Profile
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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