Invacare Co. (IVC) Receives Average Rating of “Hold” from Brokerages

Invacare Co. (NYSE:IVC) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.00.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Invacare from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. KeyCorp reissued a “buy” rating and set a $20.00 target price on shares of Invacare in a research note on Thursday, December 21st. Finally, Zacks Investment Research lowered shares of Invacare from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th.

Shares of Invacare (NYSE IVC) opened at $16.65 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.57 and a current ratio of 2.28. Invacare has a 1 year low of $9.90 and a 1 year high of $17.95. The firm has a market cap of $547.29, a PE ratio of -7.12 and a beta of 2.45.

Invacare (NYSE:IVC) last posted its earnings results on Tuesday, November 7th. The health services provider reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.02. The firm had revenue of $250.91 million during the quarter, compared to analyst estimates of $239.88 million. Invacare had a negative net margin of 7.95% and a negative return on equity of 13.33%. Invacare’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.37) EPS. research analysts expect that Invacare will post -2.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th were paid a dividend of $0.0125 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, January 3rd. Invacare’s payout ratio is -2.14%.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Invacare by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,934,593 shares of the health services provider’s stock valued at $38,736,000 after purchasing an additional 107,359 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Invacare by 654.1% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,383,222 shares of the health services provider’s stock worth $37,535,000 after acquiring an additional 2,067,186 shares during the period. Royce & Associates LP lifted its stake in shares of Invacare by 4.4% in the 3rd quarter. Royce & Associates LP now owns 1,414,169 shares of the health services provider’s stock worth $22,273,000 after acquiring an additional 59,430 shares during the period. Northpointe Capital LLC lifted its stake in shares of Invacare by 96.8% in the 3rd quarter. Northpointe Capital LLC now owns 1,151,700 shares of the health services provider’s stock worth $18,139,000 after acquiring an additional 566,574 shares during the period. Finally, Elk Creek Partners LLC lifted its stake in shares of Invacare by 17.5% in the 3rd quarter. Elk Creek Partners LLC now owns 869,081 shares of the health services provider’s stock worth $13,688,000 after acquiring an additional 129,676 shares during the period.

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Invacare 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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