Impact of Brokerage Rating on Wright Medical Group N.V.(WMGI)

Many Wright Medical Group N.V.(WMGI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Wright Medical Group Inc was Downgraded by Guggenheim to Neutral on Jan 3, 2017.

Company has reported several Insider transactions to the SEC, on Feb 9, 2017, Richard F Wallman (director) sold 9,000 shares at 26.25 per share price.On Dec 9, 2016, Elizabeth H Weatherman (director) sold 44,012 shares at 23.84 per share price.On Dec 2, 2016, Sean Carney (director) sold 54,748 shares at 22.82 per share price.

Wright Medical Group Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $-0.20. The company had revenue of $157.33 million for the quarter, compared to analysts expectations of $157.75 million. The companys revenue was up 96.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.51 EPS.

Wright Medical Group N.V. (NASDAQ:WMGI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.56 by 16 Brokerage Firm. 11 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Wright Medical Group N.V. (NASDAQ:WMGI) shares are expected to touch $27.82 in the short term. This short term price target has been shared by 11 analysts. However, the standard deviation of short term price estimate has been valued at 2.48. The target price could hit $33 on the higher end and $24 on the lower end.

Wright Medical Group N.V. (NASDAQ:WMGI) rose 1.02% or 0.27 points on Tuesday and made its way into the gainers of the day. After trading began at $26.25 the stock was seen hitting $26.71 as a peak level and $26.25 as the lowest level. The stock ended up at $26.62. The daily volume was measured at 698,957 shares. The 52-week high of the share price is $26.71 and the 52-week low is $15.52. The company has a market cap of $2,750 million.

Wright Medical Group N.V. is a medical device company which focused on providing extremity and biologic solutions. The companys surgical solutions for the upper extremity consist of shoulder, elbow, wrist and hand, lower extremity consists of foot and ankle as well as biologics markets. Wright Medical Group NV, formerly known as Tornier NV, is based in Amsterdam, Netherlands.

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