ValuEngine upgraded shares of Invacare Corporation (NYSE:IVC) from a sell rating to a hold rating in a research note published on Friday morning.

IVC has been the subject of several other research reports. Zacks Investment Research upgraded shares of Invacare Corporation from a sell rating to a hold rating in a report on Tuesday, April 11th. Sidoti restated a neutral rating and issued a $12.00 target price (down previously from $14.00) on shares of Invacare Corporation in a report on Monday, June 12th. Stephens upgraded shares of Invacare Corporation from an equal weight rating to an overweight rating in a report on Friday, April 28th. Finally, BidaskClub lowered shares of Invacare Corporation from a hold rating to a sell rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Invacare Corporation presently has a consensus rating of Hold and a consensus price target of $14.50.

Invacare Corporation (NYSE IVC) traded down 1.31% during trading on Friday, hitting $15.05. 80,278 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $13.32 and a 200 day moving average price of $12.75. The company’s market cap is $493.38 million. Invacare Corporation has a 52-week low of $8.00 and a 52-week high of $16.65.

Invacare Corporation (NYSE:IVC) last released its earnings results on Monday, May 8th. The health services provider reported ($0.47) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.06. The firm had revenue of $231.70 million during the quarter, compared to analyst estimates of $226.71 million. Invacare Corporation had a negative net margin of 4.99% and a negative return on equity of 10.12%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.25) EPS. On average, equities research analysts predict that Invacare Corporation will post ($1.39) earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were issued a $0.0125 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.05 annualized dividend and a dividend yield of 0.33%. Invacare Corporation’s dividend payout ratio (DPR) is presently -3.18%.

In other news, Director Dale C. Laporte sold 2,737 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $14.95, for a total value of $40,918.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its position in Invacare Corporation by 4.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,580 shares of the health services provider’s stock valued at $100,000 after buying an additional 310 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Invacare Corporation by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the health services provider’s stock valued at $154,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Invacare Corporation by 39.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,646 shares of the health services provider’s stock valued at $193,000 after buying an additional 4,166 shares in the last quarter. Arizona State Retirement System increased its position in Invacare Corporation by 1.2% in the first quarter. Arizona State Retirement System now owns 16,524 shares of the health services provider’s stock valued at $197,000 after buying an additional 200 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Invacare Corporation by 4.9% in the first quarter. Thrivent Financial For Lutherans now owns 18,080 shares of the health services provider’s stock valued at $215,000 after buying an additional 850 shares in the last quarter.

Invacare Corporation Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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