Analysts Set Novadaq Technologies Inc. (NVDQ) Price Target at $12.00
Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) (TSE:NDQ) have been assigned a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.00.
Several research firms have recently issued reports on NVDQ. Scotiabank reduced their target price on Novadaq Technologies from $15.50 to $13.25 and set an “outperform” rating on the stock in a report on Tuesday, June 20th. Canaccord Genuity lowered Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 target price on the stock. in a report on Monday, July 10th. Zacks Investment Research raised Novadaq Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Northland Securities reaffirmed a “hold” rating and issued a $11.75 price objective on shares of Novadaq Technologies in a research note on Monday, August 14th. Finally, Craig Hallum lowered Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 price objective on the stock. in a research note on Monday, June 19th.
A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in Novadaq Technologies by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 5,308,769 shares of the medical research company’s stock valued at $62,219,000 after acquiring an additional 243,261 shares during the period. FMR LLC grew its stake in Novadaq Technologies by 30.5% in the first quarter. FMR LLC now owns 3,107,271 shares of the medical research company’s stock valued at $24,206,000 after acquiring an additional 726,288 shares during the period. Janus Henderson Group PLC acquired a new stake in Novadaq Technologies in the second quarter valued at approximately $32,663,000. Clearbridge Investments LLC grew its stake in Novadaq Technologies by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,554,843 shares of the medical research company’s stock valued at $19,902,000 after acquiring an additional 9,371 shares during the period. Finally, Sand Grove Capital Management LLP purchased a new position in shares of Novadaq Technologies during the second quarter valued at approximately $27,072,000. 75.38% of the stock is owned by hedge funds and other institutional investors.
Novadaq Technologies (NASDAQ NVDQ) traded up inf% during midday trading on Wednesday, reaching $11.75. 395,280 shares of the company’s stock were exchanged. Novadaq Technologies has a 12 month low of $5.84 and a 12 month high of $12.74. The company’s market cap is $679.41 million. The company has a 50 day moving average price of $11.68 and a 200 day moving average price of $9.03.
About Novadaq Technologies
NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.
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