Economy

Hot Stock for Investors: Globus Medical, Inc. (GMED)

Hot Stock for Investors: Globus Medical, Inc. (GMED)

That puts the market capitalization at $4.15 bln. The rating was downgraded by Credit Suisse on Thursday, May 11 to "Underperform". The firm has "Buy" rating by UBS given on Thursday, April 21.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. The firm earned "Buy" rating on Thursday, August 17 by Piper Jaffray. The rating was downgraded by Oppenheimer on Wednesday, November 9 to "Perform".

Globus Medical, Inc. on 9/29/2017 reported its EPS as $0.31 with the analysts projecting the EPS of the stock as $0.33. (NYSE:GMED) is 0.025227. This is calculated by taking the earnings per share and dividing it by the last closing share price. PNC Financial Services Group Inc. grew its holdings in Globus Medical by 1.2% during the 2nd quarter. The legal version of this article can be read at https://www.thelincolnianonline.com/2018/01/12/thomson-horstmann-bryant-inc-invests-480000-in-globus-medical-inc-gmed-stock.html. The stock decreased 3.04% or $1.39 during the last trading session, reaching $44.3. 695,406 shares of the stock traded hands, compared to its average volume of 879,089.

Shares of Globus Medical Inc (GMED) opened at $43.90 on Friday. It has outperformed by 14.18% the S&P500.

Among 15 analysts covering Globus Medical Inc (NYSE:GMED), 9 have Buy rating, 2 Sell and 4 Hold. Therefore 60% are positive. (NYSE:GMED). Moreover, First Ltd Partnership has 0% invested in Globus Medical, Inc. (NYSE:GMED) for 1.84M shares. The stock has "Mkt Perform" rating by JMP Securities on Wednesday, November 9. Canaccord Genuity set a $27.00 price target on Globus Medical and gave the company a "hold" rating in a report on Wednesday, January 11th. The firm has "Buy" rating by Wells Fargo given on Monday, December 4.

In the past 5 years, the stock showed growth of 10.29% per annum. Stifel Financial Corporation reported 0% of its portfolio in Globus Medical, Inc. (NYSE:GMED). Kayne Anderson Rudnick Invest Mgmt Limited Liability Company accumulated 249,408 shares.

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Globus Medical has an analyst consensus of Moderate Buy, with a price target consensus of $44.57. Barclays reiterated a "sell" rating and set a $36.00 target price on shares of Globus Medical in a research report on Wednesday. HOLX's free cash flow ("FCF") per share for the trailing twelve months was +0.47. The number of shares now owned by investors are 104.24 mln. Puma Biotechnology Inc (NYSE:PBYI) was reduced too. HOLX's debt-to-equity ratio is 1.20 versus a D/E of 0.00 for GMED. (NYSE:GMED). Guggenheim Cap Lc invested in 0% or 16,128 shares. Swiss Bancshares, Switzerland-based fund reported 120,600 shares.

There are 0 institutional holders with active positions, accounting for 0 shares in total. Mason Street Advisors owns 35,837 shares.

New Amsterdam Prtnrs Lc accumulated 152,481 shares. (NYSE:GMED). Gamco Invsts Inc Et Al holds 14,500 shares. Gofen And Glossberg Ltd Limited Liability Company Il holds 0.08% or 76,848 shares in its portfolio. There were 0 sold out positions, amounting to 0 shares. Btim stated it has 375,341 shares or 0.17% of all its holdings. Its down 16.09% from 7.72 million shares previously. Teachers Retirement System Of The State Of Kentucky invested 0.02% in Globus Medical, Inc.

The stock decreased 1.21% or $0.96 during the last trading session, reaching $78.53. PLDT Inc. (NYSE:PHI) has declined 7.47% since January 11, 2017 and is downtrending. It has underperformed by 54.59% the S&P500. The company has market cap of $9.86 billion. The firm offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. It has a 40.79 P/E ratio. As of January 26, 2017, it operated 1,600 retail stores in 49 states. Needham & Company LLC started coverage on Globus Medical in a report on Tuesday, September 26th. During the same quarter in the previous year, the company posted $0.29 EPS. equities analysts forecast that Globus Medical Inc will post 1.27 earnings per share for the current year.

HOLX trades at a forward P/E of 18.48, a P/B of 4.37, and a P/S of 3.91, compared to a forward P/E of 32.22, a P/B of 4.56, and a P/S of 6.76 for GMED. The medical device company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01.


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