The shares of Wright Medical Group N.V. (NASDAQ:WMGI) has been pegged with a rating of Neutral by UBS in its latest research note that was published on November 28th, 2018. The research company has also assigned a $31 price target. UBS wasn’t the only research firm that published a report of Wright Medical Group N.V., with other equities research analysts also giving their opinion on the stock. Needham advised investors in its research note published on October 25th, 2018, to Buy the WMGI stock while also putting a $35 price target. The stock had earned Buy rating from Needham when it published its report on August 28th, 2018. That day the Needham set price target on the stock to $30. The stock was given Buy rating by Stifel in its report released on August 22nd, 2018, the day when the price target on the stock was placed at $34. BofA/Merrill was of a view that WMGI is Buy in its latest report on August 9th, 2018. Guggenheim thinks that WMGI is worth Buy rating. This was contained in the firm’s report on June 13th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $33.94. The price of the stock the last time has raised by 60.97% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 66.33.
The shares of the company added by 0.79% during the trading session on Monday, reaching a low of $30.17 while ending the day at $30.60. During the trading session, a total of 3.78 million shares were traded which represents a -171.7% decline from the average session volume which is 1.39M shares. WMGI had ended its last session trading at 30.36. Wright Medical Group N.V. currently has a market cap of $3.79B while its P/E earnings growth sits at 4.65, with a beta of 1.02. Wright Medical Group N.V. debt-to-equity ratio currently stands at 1.15, while its quick ratio hovers at 1.10. WMGI 52-week low price stands at $19.01 while its 52-week high price is $30.75.
The company in its last quarterly report recorded -$0.09 earnings per share which is above the -$0.15 predicted by most analysts. The Wright Medical Group N.V. generated $194.11 million in revenue during the last quarter, which is slightly higher than the $186.08 million predicted by analysts. In the second quarter last year, the firm recorded -$0.03 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 66.67%. Wright Medical Group N.V. has the potential to record -1.18 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Barclays published a research note on January 16th, 2019 where it informed investors and clients that Apache Corporation (NYSE:APA) is now rated as Underweight. Their price target on the stock stands at $29. Needham also rated APA as Reiterated on October 25th, 2018, with its price target of $35 suggesting that APA could surge by 18.63% from its current share price. Even though the stock has been trading at $29.87/share, analysts expect it to surge higher by 1.61% to reach $37.30/share. It started the day trading at $30.59 and traded between $29.48 and $30.35 throughout the trading session.
A look at its technical shows that APA’s 50-day SMA is 30.88 while its 200-day SMA stands at 39.82. The stock has a high of $50.03 for the year while the low is $24.56. The company’s P/E ratio currently sits at 11.76, while the P/B ratio is 1.53. The company’s average trading volume currently stands at 5.05M shares, which means that the short-interest ratio is just 6.32 days. Over the past seven days, the company moved, with its shift of -8.39%. Looking further, the stock has dropped -19.73% over the past 90 days while it lost -29.89% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Dodge Cox bought more APA shares, increasing its portfolio by +1.06% during the last quarter. This move now sees Dodge Cox purchasing 415,850 shares in the last quarter, thus it now holds 39,601,676 shares of APA, with a total valuation of $1,039,543,995. The Vanguard Group Inc meanwhile sold more APA shares in the recently filed quarter, changing its stake to $1,035,341,213 worth of shares. Baillie Gifford Co followed the path by decreasing its APA portfolio by -0.14% in the quarter. This means that Baillie Gifford Co sold -33,962 shares in the last quarter and now controls 24,364,479 shares of the APA stock, with the valuation hitting $639,567,574.
Similarly, SSgA Funds Management Inc decreased its Apache Corporation shares by -0.66% during the recently filed quarter. After selling -132,803 shares in the last quarter, the firm now controls 19,840,945 shares of Apache Corporation which are valued at $520,824,806. In the same vein, Harris Associates LP decreased its Apache Corporation shares by during the most recent reported quarter. The firm sold -399,712 shares during the quarter which decreased its stakes to 18,569,065 shares and is now valued at $487,437,956. Following these latest developments, around 0.20% of Apache Corporation stocks are owned by institutional investors and hedge funds.