Merit Medical Systems, Inc. (MMSI) Receives Average Rating of “Buy” from Brokerages
Shares of Merit Medical Systems, Inc. (NASDAQ:MMSI) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.77.
Several equities analysts recently issued reports on the company. ValuEngine lowered Merit Medical Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered Merit Medical Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Canaccord Genuity restated a “buy” rating and set a $45.00 price target on shares of Merit Medical Systems in a research note on Sunday, October 8th. Raymond James Financial restated an “outperform” rating and set a $44.00 price target on shares of Merit Medical Systems in a research note on Monday, August 28th. Finally, UBS lowered Merit Medical Systems from a “strong-buy” rating to an “outperform” rating in a research note on Monday, August 28th.
Merit Medical Systems (MMSI) opened at $44.90 on Friday. Merit Medical Systems has a 12 month low of $24.23 and a 12 month high of $45.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.78. The stock has a market capitalization of $2,183.65, a PE ratio of 34.25, a P/E/G ratio of 2.95 and a beta of 1.23.
In other Merit Medical Systems news, Director Kent W. Stanger sold 2,918 shares of Merit Medical Systems stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $44.55, for a total transaction of $129,996.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new stake in Merit Medical Systems during the third quarter valued at approximately $226,000. Insight Capital Research & Management Inc. acquired a new stake in Merit Medical Systems during the third quarter valued at approximately $1,258,000. Neuberger Berman Group LLC boosted its holdings in Merit Medical Systems by 1,420.2% during the third quarter. Neuberger Berman Group LLC now owns 304,049 shares of the medical instruments supplier’s stock valued at $12,876,000 after purchasing an additional 284,049 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Merit Medical Systems by 5.9% during the third quarter. California Public Employees Retirement System now owns 142,092 shares of the medical instruments supplier’s stock valued at $6,018,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Merit Medical Systems during the third quarter valued at approximately $8,889,000. 90.89% of the stock is currently owned by institutional investors.
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About Merit Medical Systems
Merit Medical Systems, Inc is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine devices.
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