Orthofix International N.V. (NASDAQ:OFIX) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $52.75.

A number of research firms have issued reports on OFIX. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price (up from $50.00) on shares of Orthofix International N.V. in a research note on Thursday, August 10th. BidaskClub cut Orthofix International N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet upgraded Orthofix International N.V. from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Orthofix International N.V. from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Thursday, August 10th. Finally, Ladenburg Thalmann Financial Services started coverage on Orthofix International N.V. in a report on Wednesday, June 14th. They set a “buy” rating and a $53.25 price target on the stock.

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Shares of Orthofix International N.V. (NASDAQ:OFIX) traded up 1.55% during trading on Friday, reaching $48.36. 161,141 shares of the company’s stock traded hands. Orthofix International N.V. has a 1-year low of $32.51 and a 1-year high of $50.40. The company has a market capitalization of $878.70 million, a price-to-earnings ratio of 113.26 and a beta of 0.22. The company has a 50 day moving average of $47.80 and a 200-day moving average of $43.18.

Orthofix International N.V. (NASDAQ:OFIX) last posted its earnings results on Monday, August 7th. The medical device company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $108.90 million for the quarter, compared to analysts’ expectations of $102.94 million. Orthofix International N.V. had a return on equity of 9.96% and a net margin of 1.88%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Equities analysts predict that Orthofix International N.V. will post $1.56 earnings per share for the current year.

In related news, CFO Rice Doug sold 7,353 shares of Orthofix International N.V. stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $49.46, for a total transaction of $363,679.38. Following the transaction, the chief financial officer now directly owns 44,743 shares of the company’s stock, valued at $2,212,988.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bradley V. Niemann sold 6,956 shares of Orthofix International N.V. stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $49.44, for a total value of $343,904.64. Following the transaction, the insider now directly owns 40,178 shares in the company, valued at $1,986,400.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,406 shares of company stock worth $1,138,531. 5.60% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Orthofix International N.V. by 18.6% during the first quarter. Vanguard Group Inc. now owns 1,815,948 shares of the medical device company’s stock worth $69,278,000 after acquiring an additional 284,482 shares during the period. Dimensional Fund Advisors LP grew its holdings in Orthofix International N.V. by 11.6% during the second quarter. Dimensional Fund Advisors LP now owns 870,120 shares of the medical device company’s stock worth $40,443,000 after acquiring an additional 90,349 shares during the period. Wellington Management Group LLP acquired a new position in Orthofix International N.V. during the first quarter worth about $20,021,000. Oakview Capital Management L.P. grew its holdings in Orthofix International N.V. by 2.9% during the first quarter. Oakview Capital Management L.P. now owns 510,699 shares of the medical device company’s stock worth $19,483,000 after acquiring an additional 14,491 shares during the period. Finally, State Street Corp grew its holdings in Orthofix International N.V. by 4.1% during the second quarter. State Street Corp now owns 481,220 shares of the medical device company’s stock worth $22,370,000 after acquiring an additional 18,741 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

About Orthofix International N.V.

Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.

Analyst Recommendations for Orthofix International N.V. (NASDAQ:OFIX)

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