ICU Medical (ICUI) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of ICU Medical (NASDAQ:ICUI) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $266.00.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of ICU Medical from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of ICU Medical from a “hold” rating to a “buy” rating and set a $266.00 price objective for the company in a research note on Tuesday, January 23rd.
ICU Medical stock traded down $0.30 during trading hours on Friday, reaching $252.60. 151,538 shares of the company’s stock traded hands, compared to its average volume of 138,661. The stock has a market cap of $5,032.54, a price-to-earnings ratio of 76.29, a price-to-earnings-growth ratio of 2.50 and a beta of 0.42. ICU Medical has a 52-week low of $144.25 and a 52-week high of $265.27.
In other news, Director Robert S. Swinney sold 724 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $235.00, for a total transaction of $170,140.00. Following the completion of the transaction, the director now directly owns 14,830 shares of the company’s stock, valued at approximately $3,485,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott E. Lamb sold 23,624 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $220.00, for a total transaction of $5,197,280.00. Following the transaction, the chief financial officer now directly owns 29,723 shares of the company’s stock, valued at $6,539,060. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,431 shares of company stock valued at $10,662,861. Company insiders own 13.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ICUI. Exane Derivatives bought a new position in shares of ICU Medical during the 4th quarter valued at approximately $100,000. Israel Discount Bank of New York boosted its holdings in ICU Medical by 74.8% in the 4th quarter. Israel Discount Bank of New York now owns 853 shares of the medical instruments supplier’s stock worth $184,000 after buying an additional 365 shares during the period. Eagle Boston Investment Management Inc. bought a new position in ICU Medical in the 3rd quarter worth approximately $200,000. First Republic Investment Management Inc. bought a new position in ICU Medical in the 4th quarter worth approximately $200,000. Finally, Raymond James Trust N.A. bought a new position in ICU Medical in the 4th quarter worth approximately $204,000. 77.30% of the stock is owned by hedge funds and other institutional investors.
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About ICU Medical
ICU Medical, Inc develops, manufactures, and sells medical devices used in infusion therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein for use in hospitals and ambulatory clinics.
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