BTIG Remains a Hold on Abiomed (ABMD)
BTIG analyst Marie Thibault maintained a Hold rating on Abiomed (ABMD) yesterday. The company’s shares closed last Wednesday at $312.73, close to its 52-week high of $319.19.
According to TipRanks.com, Thibault is a 5-star analyst with an average return of 29.0% and a 66.7% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Varian Medical Systems, and Edwards Lifesciences.
Currently, the analyst consensus on Abiomed is a Hold with an average price target of $316.75.
See today’s analyst top recommended stocks >>
Based on Abiomed’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $165 million and net profit of $44.59 million. In comparison, last year the company earned revenue of $208 million and had a net profit of $88.92 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ABIOMED, Inc. engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart. It distributes its products under the Impella brand. The company was founded in 1981 and is headquartered in Danvers, MA.
Read More on ABMD: