Barrington Sticks to Their Buy Rating for SurModics (SRDX)
In a report released today, Michael Petusky from Barrington maintained a Buy rating on SurModics (SRDX), with a price target of $63.00. The company’s shares closed last Tuesday at $38.98.
According to TipRanks.com, Petusky is a 4-star analyst with an average return of 4.0% and a 48.6% success rate. Petusky covers the Healthcare sector, focusing on stocks such as Varian Medical Systems, Merit Medical Systems, and US Physical Therapy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SurModics with a $62.00 average price target.
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SurModics’ market cap is currently $535.4M and has a P/E ratio of 69.10. The company has a Price to Book ratio of 5.78.
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SurModics, Inc. engages in the provision of medical device and in vitro diagnostic technologies to the healthcare industry. It operates through the Medical Device and In Vitro Diagnostics segments. The Medical Device segment designs, develops, and manufactures interventional medical devices, surface modification coating technologies, as well as drug-delivery coating technologies. The In Vitro Diagnostics segment consists of component products and technologies for diagnostic test kits and biomedical research applications. The company was founded in June 1979 and is headquartered in Eden Prairie, MN.