KeyCorp Boosts Invacare (IVC) Price Target to $21.00
Invacare (NYSE:IVC) had its price target boosted by KeyCorp from $20.00 to $21.00 in a research note issued to investors on Friday. The brokerage currently has an overweight rating on the health services provider’s stock. KeyCorp also issued estimates for Invacare’s Q1 2018 earnings at ($0.48) EPS, Q2 2018 earnings at ($0.34) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.16) EPS and FY2019 earnings at ($0.24) EPS.
A number of other research firms have also recently commented on IVC. Zacks Investment Research raised shares of Invacare from a sell rating to a hold rating in a research report on Wednesday, January 31st. ValuEngine raised shares of Invacare from a sell rating to a hold rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $16.50.
Invacare (IVC) remained flat at $$18.50 during trading hours on Friday. 982,344 shares of the company were exchanged, compared to its average volume of 434,425. Invacare has a 12-month low of $10.20 and a 12-month high of $19.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.10 and a quick ratio of 1.57. The company has a market cap of $724.96, a PE ratio of -7.87 and a beta of 2.55.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, January 4th were given a dividend of $0.0125 per share. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.05 dividend on an annualized basis and a yield of 0.27%. Invacare’s payout ratio is -2.13%.
A number of large investors have recently bought and sold shares of IVC. 1st Global Advisors Inc. purchased a new position in shares of Invacare in the second quarter worth $138,000. Teacher Retirement System of Texas purchased a new position in shares of Invacare in the fourth quarter worth $192,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Invacare by 63.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,360 shares of the health services provider’s stock worth $195,000 after buying an additional 4,780 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Invacare by 10.5% in the second quarter. Voya Investment Management LLC now owns 17,271 shares of the health services provider’s stock worth $228,000 after buying an additional 1,648 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Invacare in the fourth quarter worth $234,000.
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Invacare Company Profile
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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