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Piper Sandler Sticks to Their Buy Rating for ICU Medical (ICUI)

Tipranks - Thu Feb 19, 6:29AM CST

In a report released today, Jason Bednar from Piper Sandler maintained a Buy rating on ICU Medical, with a price target of $172.00.

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Bednar covers the Healthcare sector, focusing on stocks such as Masimo, NovoCure, and Align Tech. According to TipRanks, Bednar has an average return of -4.5% and a 40.22% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ICU Medical with a $173.50 average price target.

Based on ICU Medical’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $536.99 million and a GAAP net loss of $3.4 million. In comparison, last year the company earned a revenue of $589.13 million and had a GAAP net loss of $32.98 million

Based on the recent corporate insider activity of 40 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.

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