Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday, July 13th, MarketBeat Ratings reports. They presently have a $11.75 price target on the medical research company’s stock, down from their prior price target of $12.00. Royal Bank Of Canada’s price target indicates a potential upside of 0.60% from the company’s current price.

Several other analysts have also recently commented on the stock. Scotiabank restated an “outperform” rating and set a $18.00 price target on shares of Novadaq Technologies in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Novadaq Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Stifel Nicolaus restated a “buy” rating and set a $10.00 price target on shares of Novadaq Technologies in a report on Friday, June 2nd. Craig Hallum cut shares of Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 price target for the company. in a report on Monday, June 19th. Finally, Canaccord Genuity cut shares of Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 price target for the company. in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.86.

Shares of Novadaq Technologies (NVDQ) opened at 11.68 on Thursday. The stock’s market capitalization is $675.13 million. Novadaq Technologies has a 1-year low of $5.84 and a 1-year high of $12.74. The stock’s 50 day moving average is $11.56 and its 200 day moving average is $8.25.

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Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Novadaq Technologies by 30.5% in the first quarter. FMR LLC now owns 3,107,271 shares of the medical research company’s stock worth $24,206,000 after buying an additional 726,288 shares during the period. Elk Creek Partners LLC raised its position in shares of Novadaq Technologies by 6.9% in the first quarter. Elk Creek Partners LLC now owns 2,703,682 shares of the medical research company’s stock worth $21,062,000 after buying an additional 174,499 shares during the period. Clearbridge Investments LLC raised its position in shares of Novadaq Technologies by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,554,843 shares of the medical research company’s stock worth $19,902,000 after buying an additional 9,371 shares during the period. OppenheimerFunds Inc. bought a new position in shares of Novadaq Technologies during the first quarter worth about $13,900,000. Finally, AXA raised its position in shares of Novadaq Technologies by 8.2% in the first quarter. AXA now owns 1,160,732 shares of the medical research company’s stock worth $9,042,000 after buying an additional 88,378 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Novadaq Technologies Company Profile

NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.

Analyst Recommendations for Novadaq Technologies (NASDAQ:NVDQ)

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