In a report released today, Michael Matson from Needham reiterated a Buy rating on SurModics (SRDX), with a price target of $61.00. The company’s shares closed last Tuesday at $46.49, close to its 52-week high of $49.00.
According to TipRanks.com, Matson is a 5-star analyst with an average return of 16.7% and a 70.5% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Zimmer Biomet Holdings, and Cardiovascular Systems.
SurModics has an analyst consensus of Moderate Buy, with a price target consensus of $61.00.
See today’s analyst top recommended stocks >>
The company has a one-year high of $49.00 and a one-year low of $22.06. Currently, SurModics has an average volume of 47.06K.
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.
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.
