Smith & Nephew SNATS (NYSE:SNN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Smith & Nephew SNATS (NYSE:SNN) from a hold rating to a buy rating in a report published on Monday morning.

Other equities analysts also recently issued reports about the company. Barclays downgraded Smith & Nephew SNATS from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, August 5th. Kepler Capital Markets cut Smith & Nephew SNATS from a “buy” rating to a “hold” rating in a research report on Thursday, June 4th. The Goldman Sachs Group restated a “buy” rating on shares of Smith & Nephew SNATS in a research note on Monday, May 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Smith & Nephew SNATS in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein set a $31.85 price target on Smith & Nephew SNATS in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.93.

Smith & Nephew SNATS Trading Up 1.3%

Shares of SNN stock opened at $29.64 on Monday. The stock’s 50-day moving average is $30.30 and its 200 day moving average is $31.82. Smith & Nephew SNATS has a 1-year low of $28.56 and a 1-year high of $38.79. The company has a quick ratio of 1.11, a current ratio of 2.14 and a debt-to-equity ratio of 0.62.

Smith & Nephew SNATS Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.312 per share. This represents a yield of 205.0%. The ex-dividend date is Friday, October 2nd.

Institutional Trading of Smith & Nephew SNATS

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Smith & Nephew SNATS during the second quarter worth about $13,812,000. Grandfield & Dodd LLC purchased a new position in shares of Smith & Nephew SNATS during the second quarter worth about $13,192,000. Teachers Retirement System of The State of Kentucky increased its position in Smith & Nephew SNATS by 51.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 905,100 shares of the medical equipment provider’s stock valued at $28,764,000 after acquiring an additional 305,600 shares during the period. Deutsche Bank AG acquired a new position in Smith & Nephew SNATS in the 2nd quarter valued at about $33,563,000. Finally, Todd Asset Management LLC raised its stake in Smith & Nephew SNATS by 30.2% during the 4th quarter. Todd Asset Management LLC now owns 944,578 shares of the medical equipment provider’s stock valued at $30,992,000 after acquiring an additional 219,348 shares during the last quarter. Institutional investors and hedge funds own 25.64% of the company’s stock.

Smith & Nephew SNATS Company Profile

Smith & Nephew plc is a global medical technology company specializing in the design, development and manufacture of advanced surgical devices, orthopaedic reconstruction implants, trauma and extremities products, sports medicine solutions and wound care therapies. Founded in 1856 in Hull, United Kingdom, the company has grown through both organic innovation and strategic acquisitions to offer a broad portfolio that addresses patient needs across joint replacement, minimally invasive surgery and wound healing.

In its orthopaedics business, Smith & Nephew provides hip and knee replacement systems, modular joint revision implants and biologic solutions for bone repair.