Wright Medical Group Inc (WMGI) Given Consensus Recommendation of “Hold” by Analysts

Shares of Wright Medical Group Inc (NASDAQ:WMGI) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $28.86.

Several research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on Wright Medical Group from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Oppenheimer set a $25.00 price target on Wright Medical Group and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Barclays restated an “overweight” rating and issued a $25.00 price target (down previously from $27.00) on shares of Wright Medical Group in a research note on Wednesday, February 28th. BidaskClub cut Wright Medical Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Cantor Fitzgerald set a $30.00 price target on Wright Medical Group and gave the stock a “buy” rating in a research note on Monday, January 8th.

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Shares of WMGI stock traded down $0.19 during trading hours on Friday, reaching $19.27. The company’s stock had a trading volume of 1,215,861 shares, compared to its average volume of 1,307,607. The stock has a market capitalization of $2,060.94, a PE ratio of -9.88 and a beta of 0.68. Wright Medical Group has a 1-year low of $19.04 and a 1-year high of $31.53. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 1.42.

Wright Medical Group (NASDAQ:WMGI) last posted its quarterly earnings results on Tuesday, February 27th. The medical device company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. Wright Medical Group had a negative return on equity of 3.78% and a negative net margin of 27.19%. The firm had revenue of $217.60 million during the quarter, compared to analysts’ expectations of $215.69 million. sell-side analysts predict that Wright Medical Group will post -0.17 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new stake in Wright Medical Group during the fourth quarter valued at $376,000. Invictus RG purchased a new stake in Wright Medical Group during the fourth quarter valued at $411,000. Public Employees Retirement Association of Colorado purchased a new stake in Wright Medical Group during the fourth quarter valued at $441,000. Iguana Healthcare Management LLC purchased a new stake in Wright Medical Group during the fourth quarter valued at $444,000. Finally, Jane Street Group LLC increased its position in Wright Medical Group by 75.7% during the third quarter. Jane Street Group LLC now owns 18,099 shares of the medical device company’s stock valued at $468,000 after acquiring an additional 7,799 shares during the last quarter.

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Wright Medical Group Company Profile

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

Analyst Recommendations for Wright Medical Group (NASDAQ:WMGI)

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