Oppenheimer analyst Suraj Kalia assigned a Buy rating to Cardiovascular Systems (CSII) today and set a price target of $48.00. The company’s shares closed last Tuesday at $40.97.
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 Irhythm Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cardiovascular Systems with a $47.00 average price target.
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Cardiovascular Systems’ market cap is currently $1.67B and has a P/E ratio of -73.40. The company has a Price to Book ratio of 6.53.
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Cardiovascular Systems, Inc. is a medical device company, which engages in the development and commercialization of solutions for treating vascular and coronary disease. It offers orbital atherectomy systems for both peripheral and coronary commercial applications. Its products are catheter-based platforms capable of treating a range of vessel sizes and plaque types. The company was founded in 2000 and is headquartered in St. Paul, MN.
