Canaccord Genuity Maintains a 'Hold' on Volcano Corp (VOLC); Q4 Sales Miss Is A First
VOLC Hot Sheet
Rating Summary:5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Canaccord Genuity maintains a 'Hold' on Volcano Corp. (NASDAQ: VOLC) price target of $27.00.
Canaccord analyst, Jason R. Mills, said, "We maintain our rating on the heels of VOLC’s Q4 revenue miss - its first since going public. Much lower Industrial (non-medical) revenue more than offset FM and IVUS performances, both of which were in line to slightly above expectations. We continue to harbor concerns about the future trends in US PCI procedures, ergo anticipate negative impact from RAC audits in cath labs, mix shift from inpatient to outpatient procedures (impacts cath lab profitability), and generally slower procedure volume partly due to the high number of uninsured). We recommend investors remain on the sidelines, albeit see a better risk/reward entry point under $20/share, all things equal."
For an analyst ratings summary and ratings history on Volcano Corp. click here. For more ratings news on Volcano Corp. click here.
Shares of Volcano Corp. closed at $22.61 yesterday, with a 52 week range of $21.38-$33.90.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Canaccord analyst, Jason R. Mills, said, "We maintain our rating on the heels of VOLC’s Q4 revenue miss - its first since going public. Much lower Industrial (non-medical) revenue more than offset FM and IVUS performances, both of which were in line to slightly above expectations. We continue to harbor concerns about the future trends in US PCI procedures, ergo anticipate negative impact from RAC audits in cath labs, mix shift from inpatient to outpatient procedures (impacts cath lab profitability), and generally slower procedure volume partly due to the high number of uninsured). We recommend investors remain on the sidelines, albeit see a better risk/reward entry point under $20/share, all things equal."
For an analyst ratings summary and ratings history on Volcano Corp. click here. For more ratings news on Volcano Corp. click here.
Shares of Volcano Corp. closed at $22.61 yesterday, with a 52 week range of $21.38-$33.90.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Barclays Maintains an 'Equalweight' on Apollo Commercial Real Estate Finance (ARI); Effectively Using Capital, But Shares Trading In-line Vs. Peers
- Guggenheim Initiates Coverage on Several Oil & Gas Drilling & Exploration Stocks; Upgrades DO & ESV, Lowers RDC
- Barclays Maintains an 'Overweight' on Tidewater (TDW); Dayrates Climb, But Adjusting Numbers Lower on Expenses
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Genuity Capital MarketsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
