Shares of Invacare Co. (NYSE:IVC) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.50.
Several brokerages have commented on IVC. KeyCorp reaffirmed a “buy” rating and issued a $18.00 price target on shares of Invacare in a research report on Friday, November 10th. ValuEngine raised Invacare from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research lowered Invacare from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th.
Shares of Invacare (IVC) traded up $0.10 during mid-day trading on Tuesday, hitting $18.30. The company had a trading volume of 523,802 shares, compared to its average volume of 542,292. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.10 and a quick ratio of 1.54. Invacare has a 1-year low of $10.20 and a 1-year high of $19.05. The company has a market cap of $717.12, a P/E ratio of -7.79 and a beta of 2.55.
Hedge funds have recently made changes to their positions in the stock. 1st Global Advisors Inc. acquired a new stake in Invacare in the 2nd quarter valued at $138,000. HBK Investments L P acquired a new stake in Invacare in the 4th quarter valued at $180,000. Teacher Retirement System of Texas acquired a new stake in Invacare in the 4th quarter valued at $192,000. Municipal Employees Retirement System of Michigan boosted its stake in Invacare by 63.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,360 shares of the health services provider’s stock valued at $195,000 after buying an additional 4,780 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in Invacare by 10.5% in the 2nd quarter. Voya Investment Management LLC now owns 17,271 shares of the health services provider’s stock valued at $228,000 after buying an additional 1,648 shares in the last quarter.
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Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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