Orthofix International N.V. (NASDAQ:OFIX) has been given an average rating of “Buy” by the eight research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $53.30.
A number of research firms recently commented on OFIX. BidaskClub upgraded Orthofix International from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded Orthofix International from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, November 2nd. TheStreet downgraded Orthofix International from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. Finally, BTIG Research set a $56.00 price target on Orthofix International and gave the stock a “buy” rating in a report on Monday, October 30th.
Shares of Orthofix International (NASDAQ OFIX) opened at $54.70 on Tuesday. The company has a market capitalization of $997.24, a PE ratio of 781.54, a P/E/G ratio of 2.71 and a beta of 0.14. Orthofix International has a fifty-two week low of $33.51 and a fifty-two week high of $56.53.
In other Orthofix International news, CEO Brad Mason sold 5,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $53.48, for a total value of $267,400.00. Following the completion of the sale, the chief executive officer now directly owns 183,053 shares in the company, valued at $9,789,674.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley V. Niemann sold 5,547 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $52.08, for a total value of $288,887.76. Following the transaction, the insider now owns 34,631 shares of the company’s stock, valued at $1,803,582.48. The disclosure for this sale can be found here. Insiders sold 15,347 shares of company stock valued at $802,144 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.
Several large investors have recently bought and sold shares of OFIX. Municipal Employees Retirement System of Michigan bought a new position in shares of Orthofix International during the second quarter worth about $196,000. Arizona State Retirement System grew its holdings in shares of Orthofix International by 1.1% during the second quarter. Arizona State Retirement System now owns 9,400 shares of the medical device company’s stock worth $437,000 after buying an additional 100 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Orthofix International by 2.9% during the second quarter. Rhumbline Advisers now owns 38,713 shares of the medical device company’s stock worth $1,799,000 after buying an additional 1,103 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Orthofix International by 11.2% during the second quarter. Legal & General Group Plc now owns 34,414 shares of the medical device company’s stock worth $1,599,000 after buying an additional 3,454 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Orthofix International by 64.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,651 shares of the medical device company’s stock worth $356,000 after buying an additional 2,995 shares in the last quarter. Institutional investors and hedge funds own 94.61% of the company’s stock.
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About Orthofix International
Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.
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