Volcano Receives Average Recommendation of “Hold” from Analysts (NASDAQ:VOLC)

Volcano (NASDAQ:VOLC) has received an average recommendation of “Hold” from the eighteen brokerages that are currently covering the company, Analyst Ratings Network.com reports. Sixteen analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.00.

VOLC has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Volcano in a research note on Thursday. They set an “outperform” rating on the stock. Separately, analysts at Roth Capital downgraded shares of Volcano from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $18.00 price target on the stock, up previously from $16.00. Finally, analysts at Jefferies Group downgraded shares of Volcano from a “buy” rating to a “hold” rating in a research note on Wednesday.

In other Volcano news, Insider R Scott Huennekens sold 30,000 shares of the stock on the open market in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $17.83, for a total value of $534,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Volcano (NASDAQ:VOLC) opened at 17.88 on Friday. Volcano has a 1-year low of $9.81 and a 1-year high of $24.62. The stock’s 50-day moving average is $11.57 and its 200-day moving average is $13.43. The company’s market cap is $922.7 million.

Volcano (NASDAQ:VOLC) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $96.00 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Volcano will post $-0.17 earnings per share for the current fiscal year.

Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.

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