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Jefferies Keeps Their Buy Rating on Haemonetics Corp


In a report released today, Anthony Petrone from Jefferies maintained a Buy rating on Haemonetics Corp (NYSE: HAE), with a price target of $110. The company’s shares closed yesterday at $91.75, close to its 52-week high of $96.32.

Petrone has an average return of 23.9% when recommending Haemonetics Corp.

According to TipRanks.com, Petrone is ranked #755 out of 4830 analysts.

Haemonetics Corp has an analyst consensus of Strong Buy, with a price target consensus of $100.

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Based on Haemonetics Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.88 million. In comparison, last year the company had a GAAP net loss of $51.14 million.

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Haemonetics Corp. is a healthcare company, which engages in the development and distribution of hematology products and solutions. It operates through the following geographical segments: Japan, EMEA (Europe, the Middle East, and Africa), North America Plasma, and All Other.