Needham analyst Michael Matson reiterated a Buy rating on SurModics (SRDX) today and set a price target of $61.00. The company’s shares closed last Thursday at $44.75, close to its 52-week high of $49.00.
According to TipRanks.com, Matson is a 5-star analyst with an average return of 15.0% and a 68.5% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.
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 $612.3M and has a P/E ratio of 559.40. The company has a Price to Book ratio of 6.76.
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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.
