Analysts have been eager to weigh in on the Healthcare sector with new ratings on Athersys (NASDAQ:ATHX) and Cutera (NASDAQ:CUTR).
Athersys (ATHX)
In a report released today, Jason McCarthy from Maxim Group maintained a Buy rating on Athersys, with a price target of $6. The company’s shares closed yesterday at $1.92.
McCarthy said:
“Athersys reported 2Q18 with $19.4M in revenue, which includes $18.5M related to the expanded partnership with Helios (6927JP – NR). With operating expenses just over $12M, the company ended the period with net income of $6.9M, as well as $53.4M in cash on the balance sheet.”
According to TipRanks.com, McCarthy is a 5-star analyst with an average return of 11.4% and a 45.2% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group Inc, ContraVir Pharmaceuticals Inc, and Sonoma Pharmaceuticals Inc.
Currently, the analyst consensus on Athersys is a Moderate Buy with an average price target of $6.
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Cutera (CUTR)
In a report released today, Anthony Vendetti from Maxim Group maintained a Hold rating on Cutera. The company’s shares closed yesterday at $40.80.
Vendetti commented:
“The company reported lower-than-expected 2Q18 results, including EPS and gross margin below our expectations. CUTR reiterated its full-year 2018 revenue guidance, but adjusted all other 2018 guidance metrics including lower gross margin, higher operating expenses, and lower non-GAAP EPS. the company launched its new hands-free truSculpt iD body sculpting system.”
According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 9.5% and a 53.7% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.
The the analyst consensus on Cutera is currently a Hold rating.
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