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Colliers Securities Initiates a Buy Rating on Ufp Technologies (UFPT)

In a report released today, Kyle Bauser from Colliers Securities initiated coverage with a Buy rating on Ufp Technologies (UFPTResearch Report) and a price target of $81.00. The company’s shares closed last Thursday at $66.74, close to its 52-week high of $71.17.

According to TipRanks.com, Bauser is a 4-star analyst with an average return of 14.8% and a 51.0% success rate. Bauser covers the Healthcare sector, focusing on stocks such as Chembio Diagnostics, Semler Scientific, and Motus Gi Holdings.

Currently, the analyst consensus on Ufp Technologies is a Moderate Buy with an average price target of $81.00.

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The company has a one-year high of $71.17 and a one-year low of $43.11. Currently, Ufp Technologies has an average volume of 19.85K.

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UFP Technologies, Inc. operates as a designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market. It produces products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. The firm’s single-use and single-patient devices and components are used in medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging. The company was founded by Richard L. Bailly, Robert W. Drew, Sr. and William H. Shaw in 1963 and is headquartered in Newburyport, MA.

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