Analysts at BTIG Give Tactile Systems Technology (TCMD) an Upgrade

February 15, 2018 - By Nellie Frank

  Analysts at BTIG Give Tactile Systems Technology (TCMD) an Upgrade

Tactile Systems Technology (TCMD) Stock Upgrade

In analysts report made public this morning, BTIG boosted their rating on shares of Tactile Systems Technology (TCMD) to a “Buy”

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Ratings Coverage

Among 7 analysts covering Tactile Systems (TCMD), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Tactile Systems has $47.0 highest and $18 lowest target. $33.90’s average target is 6.94% above currents $31.7 stock price. Tactile Systems had 16 analyst reports since August 22, 2016 according to SRatingsIntel. Guggenheim initiated it with “Buy” rating and $47.0 target in Thursday, October 12 report. The firm has “Overweight” rating given on Monday, August 22 by Piper Jaffray. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, August 8 report. As per Thursday, August 25, the company rating was initiated by Canaccord Genuity. As per Thursday, November 9, the company rating was upgraded by BTIG Research. The rating was initiated by PiperJaffray on Monday, August 22 with “Overweight”. The stock has “Neutral” rating by BTIG Research on Monday, September 18. On Monday, October 16 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Canaccord Genuity on Wednesday, November 8 with “Buy”. The firm has “Outperform” rating by William Blair given on Monday, August 22.

The stock increased 4.17% or $1.27 during the last trading session, reaching $31.7. About 109,236 shares traded. Tactile Systems Technology, Inc. (TCMD) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Tactile Systems Technology, Inc. (NASDAQ:TCMD) to report earnings on February, 26. They expect $0.13 EPS, 0.00 % or $0.00 from last year’s $0.13 per share. TCMD’s profit will be $2.30 million for 60.96 P/E if the $0.13 EPS becomes a reality. After $0.07 actual EPS reported by Tactile Systems Technology, Inc. for the previous quarter, Wall Street now forecasts 85.71 % EPS growth.

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company has market cap of $561.15 million. It offers proprietary Flexitouch system, an at-home solution for lymphedema patients; ACTitouch system, a home solution for chronic venous insufficiency patients; and Entré System, a basic pneumatic compression device used for the at-home treatment of venous disorders, including lymphedema and chronic venous insufficiency. It has a 107.46 P/E ratio.

More notable recent Tactile Systems Technology, Inc. (NASDAQ:TCMD) news were published by: Nasdaq.com which released: “Is Tactile Systems Technology (TCMD) a Great Growth Stock?” on January 03, 2018, also Gurufocus.com with their article: “Carlson Capital Management Buys Abbott Laboratories, Tactile Systems …” published on January 08, 2018, Seekingalpha.com published: “Tactile Systems Technology’s (TCMD) CEO Gerald Mattys on Q3 2017 Results …” on November 08, 2017. More interesting news about Tactile Systems Technology, Inc. (NASDAQ:TCMD) were released by: Seekingalpha.com and their article: “Tactile Systems: Multiple Near-Term Catalysts For 75% Downside” published on September 25, 2017 as well as Seekingalpha.com‘s news article titled: “Tactile Systems Technology’s (TCMD) CEO Gerald Mattys on Q2 2017 Results …” with publication date: August 08, 2017.

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