Zacks: Cantel Medical Corp. (CMD) Receives Consensus Rating of “Hold” from Analysts
Shares of Cantel Medical Corp. (NYSE:CMD) have been given a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Cantel Medical Corp.’s rating score has declined by 25% in the last three months as a result of a number of analysts’ ratings changes.
Zacks has also given Cantel Medical Corp. an industry rank of 161 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on CMD shares. Zacks Investment Research upgraded Cantel Medical Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Cantel Medical Corp. in a research note on Friday, September 1st. Finally, Sidoti upgraded Cantel Medical Corp. from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Wednesday, August 2nd.
Cantel Medical Corp. (NYSE:CMD) opened at $98.28 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.49 and a current ratio of 2.41. Cantel Medical Corp. has a 52 week low of $69.21 and a 52 week high of $99.83. The firm has a market capitalization of $4,100.93, a price-to-earnings ratio of 47.25 and a beta of 1.23.
Cantel Medical Corp. (NYSE:CMD) last issued its quarterly earnings data on Thursday, September 28th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Cantel Medical Corp. had a return on equity of 17.60% and a net margin of 9.27%. The business had revenue of $205.50 million for the quarter, compared to analysts’ expectations of $200.32 million. Cantel Medical Corp.’s revenue for the quarter was up 14.8% on a year-over-year basis. equities research analysts anticipate that Cantel Medical Corp. will post 2.34 earnings per share for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a dividend of $0.085 per share. This represents a dividend yield of 0.17%. This is a boost from Cantel Medical Corp.’s previous Semi-Annual dividend of $0.07. The ex-dividend date is Tuesday, January 16th. Cantel Medical Corp.’s payout ratio is presently 8.19%.
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In other news, EVP Eric W. Nodiff sold 2,868 shares of Cantel Medical Corp. stock in a transaction on Friday, October 20th. The stock was sold at an average price of $97.55, for a total transaction of $279,773.40. Following the sale, the executive vice president now directly owns 39,102 shares in the company, valued at approximately $3,814,400.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George L. Fotiades sold 6,000 shares of Cantel Medical Corp. stock in a transaction on Friday, October 13th. The stock was sold at an average price of $95.23, for a total value of $571,380.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,368 shares of company stock worth $3,576,028 over the last quarter. Company insiders own 14.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Trexquant Investment LP purchased a new stake in Cantel Medical Corp. in the 3rd quarter worth about $349,000. JPMorgan Chase & Co. increased its holdings in Cantel Medical Corp. by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,480 shares of the company’s stock worth $3,408,000 after acquiring an additional 7,917 shares during the last quarter. Legal & General Group Plc increased its holdings in Cantel Medical Corp. by 3.1% in the 3rd quarter. Legal & General Group Plc now owns 71,989 shares of the company’s stock worth $6,774,000 after acquiring an additional 2,135 shares during the last quarter. Wade G W & Inc. purchased a new stake in Cantel Medical Corp. in the 3rd quarter worth about $247,000. Finally, American International Group Inc. increased its holdings in Cantel Medical Corp. by 5.4% in the 3rd quarter. American International Group Inc. now owns 28,684 shares of the company’s stock worth $2,701,000 after acquiring an additional 1,464 shares during the last quarter. 85.38% of the stock is owned by institutional investors.
Cantel Medical Corp. Company Profile
Cantel Medical Corp. is a provider of infection prevention products and services in the healthcare market. The Company’s operating segments include Endoscopy; Water Purification and Filtration; Healthcare Disposables, and Dialysis. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies.
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