Equities researchers at Citigroup started coverage on shares of Smith & Nephew (NYSE:SNN) in a report issued on Thursday, The Fly reports. The firm set a “buy” rating on the medical equipment provider’s stock.

Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Smith & Nephew from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Smith & Nephew from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Sanford C. Bernstein assumed coverage on shares of Smith & Nephew in a research note on Tuesday, November 12th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Smith & Nephew has an average rating of “Hold” and an average target price of $27.50.

SNN opened at $43.05 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.00 and a debt-to-equity ratio of 0.40. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.87 and a beta of 0.23. Smith & Nephew has a twelve month low of $35.39 and a twelve month high of $48.93. The company’s 50-day moving average price is $44.73 and its two-hundred day moving average price is $44.67.

Several hedge funds and other institutional investors have recently bought and sold shares of SNN. Whittier Trust Co. bought a new stake in shares of Smith & Nephew in the third quarter valued at approximately $26,000. LS Investment Advisors LLC bought a new stake in shares of Smith & Nephew in the second quarter valued at approximately $31,000. AdvisorNet Financial Inc raised its position in shares of Smith & Nephew by 82.4% in the third quarter. AdvisorNet Financial Inc now owns 664 shares of the medical equipment provider’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Advisory Services Network LLC raised its position in shares of Smith & Nephew by 132.7% in the second quarter. Advisory Services Network LLC now owns 819 shares of the medical equipment provider’s stock valued at $36,000 after purchasing an additional 467 shares during the period. Finally, Oakworth Capital Inc. bought a new stake in shares of Smith & Nephew in the second quarter valued at approximately $42,000. 9.08% of the stock is currently owned by institutional investors.

Smith & Nephew Company Profile

Smith & Nephew plc develops, manufactures, and sells medical devices worldwide. The company offers sports medicine joint repair products for surgeons, including an array of instruments, technologies, and implants necessary to perform minimally invasive surgery of the joints, such as the repair of soft tissue injuries and degenerative conditions of the knee, hip, and shoulder.

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Analyst Recommendations for Smith & Nephew (NYSE:SNN)

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