Jefferies Group LLC reaffirmed their buy rating on shares of Wright Medical Group N.V. (NASDAQ:WMGI) in a report issued on Friday. The brokerage currently has a $33.00 price target on the medical device company’s stock. Jefferies Group also issued estimates for Wright Medical Group N.V.’s FY2018 earnings at $0.10 EPS, FY2019 earnings at $0.47 EPS and FY2020 earnings at $0.76 EPS.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reiterated a buy rating and issued a $34.00 target price on shares of Wright Medical Group N.V. in a research note on Thursday, May 4th. Piper Jaffray Companies restated a buy rating and issued a $34.00 price objective on shares of Wright Medical Group N.V. in a research report on Thursday. Oppenheimer Holdings, Inc. set a $30.00 price objective on shares of Wright Medical Group N.V. and gave the company a hold rating in a research report on Thursday. ValuEngine upgraded shares of Wright Medical Group N.V. from a sell rating to a hold rating in a research report on Friday, June 2nd. Finally, Needham & Company LLC restated a hold rating on shares of Wright Medical Group N.V. in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $31.67.

Shares of Wright Medical Group N.V. (WMGI) opened at 27.45 on Friday. The stock’s 50 day moving average is $27.03 and its 200-day moving average is $27.85. Wright Medical Group N.V. has a one year low of $20.50 and a one year high of $31.53. The company’s market cap is $2.87 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last posted its earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. The firm had revenue of $179.69 million during the quarter, compared to the consensus estimate of $178.17 million. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.08%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) earnings per share. Equities research analysts forecast that Wright Medical Group N.V. will post ($0.29) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This article was published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/08/07/wright-medical-group-n-v-s-nasdaqwmgi-buy-rating-reiterated-at-jefferies-group-llc.html.

In other Wright Medical Group N.V. news, insider Lance A. Berry sold 6,685 shares of Wright Medical Group N.V. stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $27.14, for a total transaction of $181,430.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Wesley Porter sold 2,490 shares of Wright Medical Group N.V. stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $27.09, for a total transaction of $67,454.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,655 shares of company stock valued at $1,116,708. 3.50% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Mcrae Capital Management Inc. raised its stake in shares of Wright Medical Group N.V. by 2.7% in the first quarter. Mcrae Capital Management Inc. now owns 9,457 shares of the medical device company’s stock valued at $294,000 after buying an additional 250 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Wright Medical Group N.V. by 6.8% in the second quarter. Teacher Retirement System of Texas now owns 7,884 shares of the medical device company’s stock valued at $217,000 after buying an additional 502 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Wright Medical Group N.V. by 1.7% in the second quarter. Legal & General Group Plc now owns 36,752 shares of the medical device company’s stock valued at $1,009,000 after buying an additional 597 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Wright Medical Group N.V. by 21.7% in the second quarter. First Mercantile Trust Co. now owns 4,380 shares of the medical device company’s stock valued at $120,000 after buying an additional 780 shares during the last quarter. Finally, Commerce Bank raised its stake in shares of Wright Medical Group N.V. by 7.4% in the first quarter. Commerce Bank now owns 18,837 shares of the medical device company’s stock valued at $586,000 after buying an additional 1,300 shares during the last quarter.

Wright Medical Group N.V. Company Profile

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

Analyst Recommendations for Wright Medical Group N.V. (NASDAQ:WMGI)

Receive News & Ratings for Wright Medical Group N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group N.V. and related companies with MarketBeat.com's FREE daily email newsletter.