In a report released today, Michael Petusky from Barrington maintained a Buy rating on Merit Medical Systems (MMSI), with a price target of $42.00. The company’s shares closed last Thursday at $37.86.
According to TipRanks.com, Petusky is a 2-star analyst with an average return of -0.5% and a 44.1% success rate. Petusky covers the Healthcare sector, focusing on stocks such as Varian Medical Systems, US Physical Therapy, and Anika Therapeutics.
Currently, the analyst consensus on Merit Medical Systems is a Moderate Buy with an average price target of $42.60, implying a 15.4% upside from current levels. In a report issued on April 21, Raymond James also maintained a Buy rating on the stock with a $44.00 price target.
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Based on Merit Medical Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $258 million and GAAP net loss of $4.21 million. In comparison, last year the company earned revenue of $233 million and had a net profit of $9.19 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock.
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Merit Medical Systems, Inc. engages in the manufacture and market of proprietary disposable medical devices. It operates through Cardiovascular and Endoscopy segments. The Cardiovascular segment consists of peripheral intervention, cardiac intervention, interventional oncology and spine, and cardiovascular and critical care product groups. The Endoscopy segment integrates advanced non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices that are used by gastroenterologists, endoscopists, pulmonologists, and thoracic and general surgeons. The company was founded by Fred P. Lampropoulos, Darla Gill, Kent W. Stanger and William Padilla in July 1987 and is headquartered in South Jordan, UT.
