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Resmed (RMD) Receives a Hold from Needham

In a report released today, Michael Matson from Needham maintained a Hold rating on Resmed (RMDResearch Report). The company’s shares closed last Thursday at $232.91.

According to TipRanks.com, Matson is a 4-star analyst with an average return of 3.7% and a 48.2% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resmed with a $202.49 average price target.

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The company has a one-year high of $301.34 and a one-year low of $189.40. Currently, Resmed has an average volume of 618.7K.

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Founded in 1989, California-based ResMed, Inc. is a medical equipment company. The company is engaged in the development, manufacturing, distribution, and marketing of medical equipment and software solutions. The company operates through two segments: Sleep and Respiratory Care, and SaaS (Software as a Service).

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