Wright Medical Group N.V. (NASDAQ:WMGI)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group LLC in a report issued on Friday.

Several other research firms have also commented on WMGI. Needham & Company LLC reaffirmed a “hold” rating on shares of Wright Medical Group N.V. in a report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $33.00 target price on shares of Wright Medical Group N.V. in a report on Friday, October 6th. BidaskClub lowered Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $31.00 target price on shares of Wright Medical Group N.V. in a report on Tuesday, October 3rd. Finally, BMO Capital Markets lowered their target price on Wright Medical Group N.V. from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.50.

Wright Medical Group N.V. (NASDAQ:WMGI) last posted its earnings results on Wednesday, November 1st. The medical device company reported ($0.16) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). The company had revenue of $170.50 million during the quarter, compared to analyst estimates of $173.50 million. Wright Medical Group N.V. had a negative return on equity of 5.99% and a negative net margin of 38.40%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share.

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Hedge funds have recently modified their holdings of the stock. Amalgamated Bank lifted its position in Wright Medical Group N.V. by 2.0% in the second quarter. Amalgamated Bank now owns 13,229 shares of the medical device company’s stock worth $364,000 after purchasing an additional 264 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Wright Medical Group N.V. by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the medical device company’s stock worth $104,000 after purchasing an additional 396 shares during the period. Teacher Retirement System of Texas lifted its position in Wright Medical Group N.V. by 6.8% in the second quarter. Teacher Retirement System of Texas now owns 7,884 shares of the medical device company’s stock worth $217,000 after purchasing an additional 502 shares during the period. Legal & General Group Plc lifted its position in Wright Medical Group N.V. by 1.7% in the second quarter. Legal & General Group Plc now owns 36,752 shares of the medical device company’s stock worth $1,009,000 after purchasing an additional 597 shares during the period. Finally, Prudential Financial Inc. lifted its position in Wright Medical Group N.V. by 9.1% in the second quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock worth $211,000 after purchasing an additional 640 shares during the period.

About Wright Medical Group N.V.

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

Analyst Recommendations for Wright Medical Group N.V. (NASDAQ:WMGI)

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