Invacare Co. (IVC) Receives Average Recommendation of “Hold” from Analysts

Shares of Invacare Co. (NYSE:IVC) have been assigned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $16.50.

IVC has been the subject of several research analyst reports. KeyCorp reissued a “buy” rating and set a $18.00 target price on shares of Invacare in a research note on Friday, November 10th. Zacks Investment Research raised Invacare from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, ValuEngine raised Invacare from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Several institutional investors have recently added to or reduced their stakes in the company. EAM Investors LLC acquired a new position in shares of Invacare in the fourth quarter valued at approximately $2,153,000. AlphaOne Investment Services LLC increased its stake in shares of Invacare by 0.8% in the fourth quarter. AlphaOne Investment Services LLC now owns 460,289 shares of the health services provider’s stock valued at $7,756,000 after buying an additional 3,532 shares during the period. Eversept Partners LLC acquired a new position in shares of Invacare in the fourth quarter valued at approximately $1,640,000. Royce & Associates LP increased its stake in shares of Invacare by 11.4% in the fourth quarter. Royce & Associates LP now owns 1,574,733 shares of the health services provider’s stock valued at $26,534,000 after buying an additional 160,564 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Invacare in the fourth quarter valued at approximately $234,000.

Invacare (IVC) opened at $18.35 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.10. The company has a market capitalization of $603.17, a PE ratio of -7.84 and a beta of 2.54. Invacare has a 52 week low of $10.20 and a 52 week high of $19.05.

Invacare (NYSE:IVC) last issued its earnings results on Wednesday, February 7th. The health services provider reported ($0.42) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.02. The firm had revenue of $250.35 million during the quarter, compared to the consensus estimate of $241.07 million. Invacare had a negative return on equity of 14.95% and a negative net margin of 7.92%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.46) earnings per share. sell-side analysts forecast that Invacare will post -1.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th were paid a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Wednesday, January 3rd. Invacare’s dividend payout ratio is currently -2.14%.

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About Invacare

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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