Invacare Corp. (IVC) Given a $17.00 Price Target by KeyCorp Analysts
Invacare Corp. (NYSE:IVC) received a $17.00 price target from equities research analysts at KeyCorp in a research note issued to investors on Thursday. The firm currently has a a “buy” rating on the stock. KeyCorp’s target price would suggest a potential upside of 46.80% from the company’s previous close.
Separately, Zacks Investment Research cut Invacare Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd.
Invacare Corp. (NYSE:IVC) traded up 1.12% on Thursday, reaching $11.71. 727,315 shares of the company’s stock traded hands. Invacare Corp. has a 12 month low of $9.89 and a 12 month high of $20.41. The firm’s market cap is $380.21 million. The firm’s 50-day moving average is $11.58 and its 200 day moving average is $11.94.
Invacare Corp. (NYSE:IVC) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.09. Invacare Corp. had a negative net margin of 2.81% and a negative return on equity of 5.16%. The company had revenue of $275 million for the quarter, compared to the consensus estimate of $270.10 million. During the same quarter in the prior year, the company earned ($0.23) earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts predict that Invacare Corp. will post ($0.95) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 13th will be given a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, October 11th. Invacare Corp.’s dividend payout ratio (DPR) is -5.21%.
Several hedge funds and other institutional investors have recently bought and sold shares of IVC. Arizona State Retirement System boosted its position in Invacare Corp. by 4.0% in the first quarter. Arizona State Retirement System now owns 15,424 shares of the company’s stock valued at $203,000 after buying an additional 600 shares during the period. Amici Capital LLC boosted its position in Invacare Corp. by 200.0% in the first quarter. Amici Capital LLC now owns 300,000 shares of the company’s stock valued at $3,951,000 after buying an additional 200,000 shares during the period. Springbok Capital Management LLC boosted its position in Invacare Corp. by 78.4% in the first quarter. Springbok Capital Management LLC now owns 22,300 shares of the company’s stock valued at $294,000 after buying an additional 9,800 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Invacare Corp. by 815.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 151,939 shares of the company’s stock valued at $2,001,000 after buying an additional 135,350 shares during the period. Finally, Bogle Investment Management L P DE bought a new position in Invacare Corp. during the first quarter valued at $2,039,000. Institutional investors own 90.80% of the company’s stock.
Invacare Corp. Company Profile
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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