Oppenheimer Holdings, Inc. restated their buy rating on shares of MediWound Ltd. (NASDAQ:MDWD) in a report published on Monday morning. The firm currently has a $10.00 target price on the biopharmaceutical company’s stock. Oppenheimer Holdings also issued estimates for MediWound’s Q3 2018 earnings at ($0.12) EPS.
Several other brokerages have also issued reports on MDWD. Aegis restated a buy rating and issued a $11.00 price objective on shares of MediWound in a report on Thursday, May 25th. Zacks Investment Research lowered shares of MediWound from a hold rating to a sell rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $10.00 price objective on shares of MediWound and gave the company a buy rating in a report on Friday, August 25th. Finally, SunTrust Banks, Inc. restated a buy rating on shares of MediWound in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. MediWound presently has a consensus rating of Buy and an average target price of $9.19.
MediWound (NASDAQ:MDWD) opened at 6.05 on Monday. MediWound has a 12-month low of $4.25 and a 12-month high of $8.58. The stock has a 50 day moving average of $6.35 and a 200-day moving average of $6.54. The company’s market capitalization is $132.82 million.
MediWound (NASDAQ:MDWD) last issued its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.69 million. MediWound had a negative net margin of 752.78% and a negative return on equity of 326.32%. The firm’s quarterly revenue was up 93.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.34) earnings per share. Equities analysts expect that MediWound will post ($0.77) earnings per share for the current year.
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Large investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in MediWound by 19.7% during the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock worth $351,000 after purchasing an additional 8,745 shares during the period. Renaissance Technologies LLC increased its stake in MediWound by 1.7% during the first quarter. Renaissance Technologies LLC now owns 75,600 shares of the biopharmaceutical company’s stock worth $499,000 after purchasing an additional 1,300 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in MediWound by 20.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,028,112 shares of the biopharmaceutical company’s stock worth $13,791,000 after purchasing an additional 342,165 shares during the period. Finally, Wellington Management Group LLP increased its stake in MediWound by 11.0% during the first quarter. Wellington Management Group LLP now owns 2,157,839 shares of the biopharmaceutical company’s stock worth $14,241,000 after purchasing an additional 213,745 shares during the period. Institutional investors own 23.47% of the company’s stock.
MediWound Company Profile
MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.
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