Commerzbank Maintains Their Hold Rating on Fresenius Medical Care Corp (FMS)

Commerzbank analyst Oliver Metzger maintained a Hold rating on Fresenius Medical Care Corp (FMS) yesterday and set a price target of $54. The company’s shares closed yesterday at $41.31.

The word on The Street in general, suggests a Hold analyst consensus rating for Fresenius Medical Care Corp with a $42 average price target, a 1.7% upside from current levels. In a report issued on May 6, RBC Capital also maintained a Hold rating on the stock with a $42 price target.

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Based on Fresenius Medical Care Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $485 million. In comparison, last year the company had a net profit of $342 million.

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Fresenius Medical Care AG & Co. KGaA engages in the provision of products and services for patients with chronic kidney failure. It also develop and manufacture a variety of health care products, which includes dialysis and non-dialysis products. The company was founded on August 5, 1996 and is headquartered in Bad Homburg, Germany.

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