Wright Medical Group, Inc. (WMGI) Receives $28.86 Consensus PT from Analysts

Wright Medical Group, Inc. (NASDAQ:WMGI) has been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $28.86.

A number of brokerages have issued reports on WMGI. Barclays reiterated an “overweight” rating and issued a $25.00 price target (down previously from $27.00) on shares of Wright Medical Group in a research note on Wednesday, February 28th. Cantor Fitzgerald set a $30.00 price target on Wright Medical Group and gave the stock a “buy” rating in a research note on Monday, January 8th. ValuEngine lowered Wright Medical Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub lowered Wright Medical Group from a “sell” rating to a “strong sell” rating in a research note on Friday, April 13th. Finally, TheStreet lowered Wright Medical Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new position in shares of Wright Medical Group during the 4th quarter valued at about $376,000. Invictus RG bought a new position in shares of Wright Medical Group during the 4th quarter valued at about $411,000. Public Employees Retirement Association of Colorado bought a new position in shares of Wright Medical Group during the 4th quarter valued at about $441,000. Iguana Healthcare Management LLC bought a new position in shares of Wright Medical Group during the 4th quarter valued at about $444,000. Finally, US Bancorp DE boosted its holdings in shares of Wright Medical Group by 305.8% during the 4th quarter. US Bancorp DE now owns 22,136 shares of the medical device company’s stock valued at $491,000 after purchasing an additional 16,681 shares during the last quarter.



WMGI stock traded up $0.44 during trading on Wednesday, reaching $19.67. The company’s stock had a trading volume of 740,846 shares, compared to its average volume of 1,098,718. Wright Medical Group has a 1 year low of $19.04 and a 1 year high of $30.66. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $2,054.58, a PE ratio of -89.27 and a beta of 0.66.

Wright Medical Group (NASDAQ:WMGI) last issued its quarterly earnings results on Tuesday, February 27th. The medical device company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. Wright Medical Group had a negative return on equity of 3.78% and a negative net margin of 27.19%. The business had revenue of $217.60 million during the quarter, compared to analyst estimates of $215.69 million. sell-side analysts forecast that Wright Medical Group will post -0.18 EPS for the current fiscal year.

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Wright Medical Group Company Profile

Wright Medical Group N.V., a medical device company, designs, manufactures, markets, and sells extremities and biologics products. The company offers joint implants and bone fixation devices for the shoulder, elbow, wrist, hand, foot, and ankle; and biologics products that are used for supporting the treatment of damaged or diseased bones, tendons, and soft tissues, as well as to stimulate bone growth.

Analyst Recommendations for Wright Medical Group (NASDAQ:WMGI)

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