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Piper Sandler Remains a Buy on ICU Medical (ICUI)

Tipranks - Thu Jun 11, 6:52AM CDT

Piper Sandler analyst Jason Bednar maintained a Buy rating on ICU Medical today and set a price target of $163.00.

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According to TipRanks, Bednar is an analyst with an average return of -4.7% and a 40.85% success rate. Bednar covers the Healthcare sector, focusing on stocks such as ICU Medical, Merit Medical Systems, and Henry Schein.

In a report released on May 27, Needham also upgraded the stock to a Buy with a $165.00 price target.

Based on ICU Medical’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $530.37 million and a net profit of $30.13 million. In comparison, last year the company earned a revenue of $604.7 million and had a GAAP net loss of $15.48 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ICUI in relation to earlier this year. Last month, Virginia Ruth Sanzone, the VP & GC of ICUI sold 2,447.00 shares for a total of $303,623.76.

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