Zacks Investment Research upgraded shares of Avanos Medical (NYSE:AVNS) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. Zacks Investment Research currently has $71.00 target price on the stock.

According to Zacks, “Avanos Medical Inc. operates as a medical technology company. It offers infection prevention, surgical, respiratory, digestive health and pain management solutions. Avanos Medical Inc., formerly known as Halyard Health Inc., is headquartered in Alpharetta, Georgia. “

Other equities research analysts have also issued reports about the stock. KeyCorp lifted their price target on shares of Avanos Medical from $66.00 to $75.00 and gave the company an overweight rating in a report on Wednesday. Morgan Stanley lifted their price target on shares of Avanos Medical from $58.00 to $60.00 and gave the company an underweight rating in a report on Wednesday.

Avanos Medical opened at $62.74 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.96 and a current ratio of 2.48. Avanos Medical has a 12 month low of $40.83 and a 12 month high of $66.22. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 3.80 and a beta of 1.60.

About Avanos Medical

Avanos Medical, Inc operates as a medical technology company that focuses on eliminating pain, speeding recovery, and preventing infection for healthcare providers and patients worldwide. Its Medical Devices segment provides a portfolio of products that focuses on respiratory and digestive health, along with surgical and interventional pain management.

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