Analysts grant Orthofix International NV a ‘strong buy’ rating — 7 notes

Orthofix is a global medical device company aiming to develop and deliver repair and regenerative solutions to the spine and orthopedics market. Two investment analysts have rated Orthofix stock a “strong buy” rating.

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Here are seven things to know:

 

1. Orthofix International received an average broke rating score of 1.00 from the two brokers providing coverage of the stock, thus indicating a strong buy rating.

 

2. Analysts set a 12-month consensus target of $39.00 for the company and are anticipating the company will post $0.05 EPS.

 

3. Analysts at Zacks provided Orthofix International NV an industry ranking of 106 out of 265 based on the ratings given to similar companies.

 

4. Orthofix stock has a 50-day moving average of $33 and a 200-day moving average of $32.

 

5. The company has a market cap of $653.81 million.

 

6. Orthofix International NV reported a quarterly revenue of $89.50 million, indicating a 10.2 percent decrease on a year-over-year basis.

 

7. Numerous analysts have commented on OFIX shares with Zacks’ analysts upgrading Orthofix from a “sell” rating to a “hold” rating in a research note released Wednesday, June 10.

 

For more device related news:

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