News coverage about Globus Medical (NYSE:GMED) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Globus Medical earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the medical device company an impact score of 46.2075745059208 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
GMED has been the topic of several recent analyst reports. Barclays PLC reaffirmed an “underweight” rating and issued a $28.00 price target (down previously from $30.00) on shares of Globus Medical in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Globus Medical from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, May 5th. Gabelli reissued a “buy” rating on shares of Globus Medical in a research report on Friday, August 4th. Morgan Stanley reissued an “equal weight” rating on shares of Globus Medical in a research report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. set a $32.00 price objective on shares of Globus Medical and gave the stock a “hold” rating in a research report on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Globus Medical currently has a consensus rating of “Hold” and a consensus price target of $30.43.
Globus Medical (NYSE GMED) traded down 1.22% during mid-day trading on Wednesday, reaching $29.23. 375,709 shares of the company were exchanged. Globus Medical has a 1-year low of $19.25 and a 1-year high of $34.03. The firm has a market capitalization of $2.81 billion, a P/E ratio of 26.33 and a beta of 0.60. The stock has a 50-day moving average of $31.56 and a 200 day moving average of $30.25.
Globus Medical (NYSE:GMED) last issued its quarterly earnings results on Wednesday, August 2nd. The medical device company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Globus Medical had a return on equity of 13.99% and a net margin of 18.12%. The business had revenue of $152.39 million during the quarter, compared to the consensus estimate of $150.94 million. During the same period in the previous year, the business earned $0.29 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts forecast that Globus Medical will post $1.27 earnings per share for the current year.
In other news, President Anthony L. Williams sold 16,153 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $31.94, for a total value of $515,926.82. Following the completion of the sale, the president now directly owns 16,153 shares in the company, valued at approximately $515,926.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 28.21% of the stock is currently owned by insiders.
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Globus Medical Company Profile
Globus Medical, Inc (Globus) is a medical device company focused on the design, development and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The Company is focused on implants that promote healing in patients with spine disorders. The Company’s products fall into one of two categories: Innovative Fusion or Disruptive Technologies.
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