In a report released today, Ryan Zimmerman from BTIG maintained a Buy rating on OrthoPediatrics (KIDS – Research Report), with a price target of $62.00. The company’s shares closed yesterday at $47.00.
Zimmerman covers the Healthcare sector, focusing on stocks such as Intuitive Surgical, OrthoPediatrics, and Staar Surgical. According to TipRanks, Zimmerman has an average return of 10.5% and a 48.08% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for OrthoPediatrics with a $53.50 average price target, implying a 13.83% upside from current levels. In a report released on January 10, Needham also maintained a Buy rating on the stock with a $50.00 price target.
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Based on OrthoPediatrics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $34.95 million and a net profit of $18.54 million. In comparison, last year the company earned a revenue of $25.08 million and had a GAAP net loss of $2.2 million
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OrthoPediatrics Corp. is a medical device company, which engages in the design, development, and marketing of anatomically appropriate implants and devices for children with orthopedic conditions. Its products includes PediLoc, PediPlates, Cannulated Screws, PediFlexTM nail, PediNailTM, PediLoc Tibia, ACL Reconstruction System, Locking Cannulated Blade, Locking Proximal Femur, RESPONSE Spine, Bandloc and Pediguard. The company was founded by Erin Springer Yount and Nick A. Deeter in August 2006 and is headquartered in Warsaw, IN.
Read More on KIDS:
- Stifel Predicts a Worrisome 2023 but Recommends These 2 Stocks
- OrthoPediatrics reports preliminary Q4 revenue $31M, consensus $33.8M.
- OrthoPediatrics Corp. Announces Preliminary Unaudited Net Revenue for the Fourth Quarter & Full Year 2022, Provides Financial Outlook for 2023
- OrthoPediatrics establishes direct sales organization in Germany
- OrthoPediatrics Corp. Establishes Direct Sales Organization in Germany
