Canaccord Genuity Reiterates a 'Buy' on OraSure Technologies (OSUR); OraQuick HIV-OTC Test in 30,000 Locations
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Price: $4.35 -0.91%
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade OSUR Now!
Canaccord Genuity reiterates a 'Buy' on OraSure Technologies (NASDAQ: OSUR) price target of $14.00.
Analyst, Jeffrey Frelick, said, "Reiterate our rating following FDA approval of the OraQuick HIV-OTC test, the first rapid OTC test approved for HIV...OSUR expects to sell into 20-25 different retailers across 30,000 locations, including Walgreens (NYSE: WAG), CVS (NYSE: CVS), Wal-Mart (NYSE: WMT), Rite Aid (NYSE: RAD) and Kroger (NYSE: KR), and expects to reach a large percentage of its audience through retail store circulars. One retailer agreed to include a sign at the pharmacy to market the test...We expect OSUR will record $7.0M in sales in 2013 assuming an ASP of $35 and modest 0.4% penetration rate."
For an analyst ratings summary and ratings history on OraSure Technologies click here. For more ratings news on OraSure Technologies click here.
Shares of OraSure Technologies closed at $13.36 yesterday, with a 52 week range of $6.29-$13.65.
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Analyst, Jeffrey Frelick, said, "Reiterate our rating following FDA approval of the OraQuick HIV-OTC test, the first rapid OTC test approved for HIV...OSUR expects to sell into 20-25 different retailers across 30,000 locations, including Walgreens (NYSE: WAG), CVS (NYSE: CVS), Wal-Mart (NYSE: WMT), Rite Aid (NYSE: RAD) and Kroger (NYSE: KR), and expects to reach a large percentage of its audience through retail store circulars. One retailer agreed to include a sign at the pharmacy to market the test...We expect OSUR will record $7.0M in sales in 2013 assuming an ASP of $35 and modest 0.4% penetration rate."
For an analyst ratings summary and ratings history on OraSure Technologies click here. For more ratings news on OraSure Technologies click here.
Shares of OraSure Technologies closed at $13.36 yesterday, with a 52 week range of $6.29-$13.65.
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