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 rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $53.30.
Several equities analysts have commented on the company. Jefferies Group reiterated a “buy” rating and issued a $55.00 target price (up from $50.00) on shares of Orthofix International in a research report on Thursday, August 10th. Zacks Investment Research downgraded Orthofix International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. TheStreet downgraded Orthofix International from a “b” rating to a “c+” rating in a research report on Tuesday, October 31st. BTIG Research set a $56.00 target price on Orthofix International and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, BidaskClub upgraded Orthofix International from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th.
In other news, Director Luke T. Faulstick sold 4,800 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $51.22, for a total value of $245,856.00. Following the completion of the sale, the director now owns 7,729 shares of the company’s stock, valued at $395,879.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brad Mason sold 5,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $53.48, for a total value of $267,400.00. Following the completion of the sale, the chief executive officer now directly owns 183,053 shares of the company’s stock, valued at approximately $9,789,674.44. The disclosure for this sale can be found here. In the last three months, insiders sold 24,109 shares of company stock valued at $1,220,840. Insiders own 5.60% of the company’s stock.
Shares of Orthofix International (NASDAQ OFIX) opened at $53.10 on Friday. Orthofix International has a 1 year low of $32.51 and a 1 year high of $54.73. The firm has a market capitalization of $961.14, a price-to-earnings ratio of 34.46, a P/E/G ratio of 2.61 and a beta of 0.14.
Orthofix International (NASDAQ:OFIX) last posted its earnings results on Monday, October 30th. The medical device company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $105.30 million during the quarter, compared to the consensus estimate of $100.67 million. Orthofix International had a return on equity of 10.26% and a net margin of 0.33%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. equities analysts forecast that Orthofix International will post 1.61 EPS for the current year.
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About Orthofix International
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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