Merit Medical Systems (MMSI) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Merit Medical Systems (NASDAQ:MMSI) from a sell rating to a hold rating in a research note released on Saturday morning.

MMSI has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Merit Medical Systems from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Saturday, October 28th. Canaccord Genuity raised their target price on shares of Merit Medical Systems from $45.00 to $47.50 and gave the stock a buy rating in a research report on Thursday, October 26th. Wells Fargo & Co reissued an outperform rating and issued a $51.00 target price (up from $46.00) on shares of Merit Medical Systems in a research report on Thursday, November 30th. ValuEngine raised shares of Merit Medical Systems from a hold rating to a buy rating in a research report on Tuesday, November 21st. Finally, SunTrust Banks set a $47.00 target price on shares of Merit Medical Systems and gave the stock a buy rating in a research report on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $43.77.

Shares of Merit Medical Systems (NASDAQ:MMSI) opened at $45.70 on Friday. The company has a market cap of $2,290.00, a PE ratio of 76.17, a PEG ratio of 2.65 and a beta of 1.29. Merit Medical Systems has a twelve month low of $27.65 and a twelve month high of $48.10. The company has a current ratio of 2.78, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39.

In other Merit Medical Systems news, Director Kent W. Stanger sold 9,082 shares of Merit Medical Systems stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $44.90, for a total transaction of $407,781.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Franklin J. Miller sold 10,000 shares of Merit Medical Systems stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $43.93, for a total transaction of $439,300.00. Following the transaction, the director now directly owns 21,244 shares in the company, valued at $933,248.92. The disclosure for this sale can be found here. Insiders sold 32,000 shares of company stock worth $1,416,379 over the last three months. Corporate insiders own 5.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new position in Merit Medical Systems during the fourth quarter valued at approximately $170,000. BRYN MAWR TRUST Co lifted its position in Merit Medical Systems by 2.2% during the fourth quarter. BRYN MAWR TRUST Co now owns 158,732 shares of the medical instruments supplier’s stock valued at $6,858,000 after buying an additional 3,408 shares in the last quarter. Martin & Co. Inc. TN lifted its position in Merit Medical Systems by 31.9% during the fourth quarter. Martin & Co. Inc. TN now owns 59,760 shares of the medical instruments supplier’s stock valued at $2,582,000 after buying an additional 14,440 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Merit Medical Systems during the fourth quarter valued at approximately $1,007,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in Merit Medical Systems by 22.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 23,200 shares of the medical instruments supplier’s stock valued at $1,003,000 after buying an additional 4,330 shares in the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

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Merit Medical Systems Company Profile

Merit Medical Systems, Inc is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine devices.

Analyst Recommendations for Merit Medical Systems (NASDAQ:MMSI)

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