Invacare (IVC) Upgraded by ValuEngine to “Hold”
Invacare (NYSE:IVC) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Sunday.
A number of other research firms have also recently commented on IVC. KeyCorp reissued a “buy” rating and set a $18.00 target price on shares of Invacare in a research report on Friday, November 10th. Zacks Investment Research cut shares of Invacare from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.00.
Invacare (NYSE IVC) traded down $0.15 during midday trading on Friday, hitting $16.85. 241,600 shares of the stock were exchanged, compared to its average volume of 482,431. Invacare has a twelve month low of $9.90 and a twelve month high of $17.95. The company has a current ratio of 2.28, a quick ratio of 1.57 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $558.80, a PE ratio of -7.20 and a beta of 2.43.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its holdings in Invacare by 4.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,580 shares of the health services provider’s stock valued at $100,000 after acquiring an additional 310 shares in the last quarter. 1st Global Advisors Inc. acquired a new stake in Invacare in the second quarter valued at $138,000. BNP Paribas Arbitrage SA raised its holdings in Invacare by 39.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,646 shares of the health services provider’s stock valued at $193,000 after acquiring an additional 4,166 shares in the last quarter. Arizona State Retirement System raised its holdings in Invacare by 1.2% in the second quarter. Arizona State Retirement System now owns 16,724 shares of the health services provider’s stock valued at $221,000 after acquiring an additional 200 shares in the last quarter. Finally, AXA acquired a new stake in Invacare in the second quarter valued at $224,000. 94.65% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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