Keep calm all - fat price targets are being thrown around.. from CITI $11
RMD will come back can we go 100% again? Wowee if we can tweak a few things.. all highlighted and discussed
28/4/2015
0119 GMT [Dow Jones] New products launched by medical respiratory devices specialist ResMed (RMD.AU) are gaining traction but its margins are under pressure, Citi says. The firm's third-quarter revenue rose 13%, with new products such as its Astral, Air Sense 10 and Air Curve 10 devices doing better than expected. However, Citi notes gross margins were weak at 59.5%. Still, the brokerage reckons the stock is attractive, trading at about 21 times forward earnings. It has a buy recommendation but trims its target to A$11.01/share from A$11.87 after cutting earnings per share forecasts by about 5% and 9% for financial years 2016 and 2017, respectively. RMD is down 2.7% at A$8.23. ([email protected];
Companies Mentioned
ResMed Inc RMD:NYS
Health Care Equipment & Services Sector - Large Cap Stock
Keep calm all - fat price targets are being thrown around.. from...
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Last
$37.39 |
Change
0.390(1.05%) |
Mkt cap ! $22.38B | |||
| Open | High | Low | Value | Volume |
| $37.30 | $37.39 | $37.07 | $9.449M | 253.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44 | $37.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.39 | 2573 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMD (ASX) Chart |
