Oppenheimer Gives a Buy Rating to Cryolife (CRY)

In a report released today, Suraj Kalia from Oppenheimer assigned a Buy rating to Cryolife (CRY), with a price target of $29.00. The company’s shares closed last Tuesday at $23.50.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 10.3% and a 56.0% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Inspire Medical Systems, and Cardiovascular Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cryolife with a $31.00 average price target.

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Cryolife’s market cap is currently $952.1M and has a P/E ratio of -55.70. The company has a Price to Book ratio of -6.16.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRY in relation to earlier this year.

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CryoLife, Inc. engages in the manufacture, process and distribution of medical devices. It operates through the following segments: Medical Devices and Preservation Services. The Medical Devices segment includes revenues from sales of BioGlue; JOTEC products, On-X products, CardioGenesis cardiac laser therapy, PerClot and PhotoFix. The Preservation Services segment focuses on external services revenues from the preservation of cardiac and vascular tissues. The company was founded on January 19, 1984 and is headquartered in Kennesaw, GA.

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