Merit Medical Systems Inc’s (NASDAQ:MMSI) Sentiment is 1

April 16, 2018 - By Adrian Erickson

Merit Medical Systems, Inc. (NASDAQ:MMSI) Logo

Sentiment for Merit Medical Systems Inc (NASDAQ:MMSI)

Merit Medical Systems Inc (NASDAQ:MMSI) institutional sentiment decreased to 1 in 2017 Q4. Its down -0.28, from 1.28 in 2017Q3. The ratio is negative, as 98 investment professionals increased and opened new stock positions, while 98 sold and decreased equity positions in Merit Medical Systems Inc. The investment professionals in our partner’s database now own: 45.18 million shares, up from 44.33 million shares in 2017Q3. Also, the number of investment professionals holding Merit Medical Systems Inc in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 29 Reduced: 69 Increased: 69 New Position: 29.

Merit Medical Systems, Inc. designs, develops, makes, and markets medical products for interventional and diagnostic procedures worldwide. The company has market cap of $2.29 billion. The companyÂ’s Cardiovascular segment offers cardiology and radiology devices for diagnosing and treating coronary arterial, peripheral vascular, and other non-vascular diseases; and embolotherapeutic products. It has a 82.55 P/E ratio. It also provides vascular access products; guide wires, inflation devices, and diagnostic catheters for use in angiography procedures; therapeutic infusion systems and safety products; drainage catheters and drainage access products, support catheters, vascular retrieval devices, and dialysis access products; and embosphere microspheres and delivery systems, and microcatheters.

The stock increased 0.89% or $0.4 during the last trading session, reaching $45.4. About 134,408 shares traded. Merit Medical Systems, Inc. (NASDAQ:MMSI) has risen 52.36% since April 16, 2017 and is uptrending. It has outperformed by 40.81% the S&P500.

Analysts await Merit Medical Systems, Inc. (NASDAQ:MMSI) to report earnings on April, 26. They expect $0.30 EPS, up 7.14 % or $0.02 from last year’s $0.28 per share. MMSI’s profit will be $15.10 million for 37.83 P/E if the $0.30 EPS becomes a reality. After $0.33 actual EPS reported by Merit Medical Systems, Inc. for the previous quarter, Wall Street now forecasts -9.09 % negative EPS growth.

Timpani Capital Management Llc holds 2.6% of its portfolio in Merit Medical Systems, Inc. for 167,275 shares. Copper Rock Capital Partners Llc owns 667,885 shares or 1.82% of their US portfolio. Moreover, Aristotle Capital Boston Llc has 1.78% invested in the company for 566,275 shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 1.69% in the stock. Perceptive Advisors Llc, a New York-based fund reported 874,013 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $407,782 activity.

Merit Medical Systems, Inc. (NASDAQ:MMSI) Ratings Coverage

Ratings analysis reveals 100% of Merit Medical Systems’s analysts are positive. Out of 5 Wall Street analysts rating Merit Medical Systems, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $47.0 while the high is $57. The stock’s average target of $53.75 is 18.39% above today’s ($45.4) share price. MMSI was included in 9 notes of analysts from October 26, 2017. The company was maintained on Thursday, October 26 by Canaccord Genuity. Canaccord Genuity maintained it with “Buy” rating and $57 target in Thursday, March 1 report. Barrington Research upgraded the stock to “Outperform” rating in Thursday, March 1 report. As per Wednesday, February 28, the company rating was maintained by Piper Jaffray. SunTrust maintained Merit Medical Systems, Inc. (NASDAQ:MMSI) rating on Tuesday, March 6. SunTrust has “Buy” rating and $55.0 target. On Thursday, November 16 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm earned “Buy” rating on Thursday, November 16 by SunTrust. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, January 2 report. On Thursday, November 30 the stock rating was maintained by Wells Fargo with “Buy”.

Merit Medical Systems, Inc. (NASDAQ:MMSI) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.