Benchmark Starts Omnicell (OMCL) at Buy, $19 PT
Tweet Send to a FriendGet Alerts OMCL Hot Sheet
Price: $19.17 +0.21%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade OMCL Now!
Benchmark initiates coverage on Omnicell (NASDAQ: OMCL) with a Buy. PT $19.00.
The firm comments, "We are initiating coverage of Omnicell at Buy with a $19 price target based on an 18x multiple of $1.05 in EPS we forecast this year. Omnicell offers a good mix of visibility from 80% recurring revenue, and attractive 15%-20% forecast earnings growth, in our view. We anticipate long term expanding demand for Omnicell’s medication management systems to control costs and improve healthcare quality by automating manual tasks. The 2012 MTS acquisition opens new markets and demonstrates the accretive power of leveraging Omnicell’s strong free cash flow."
For an analyst ratings summary and ratings history on Omnicell click here. For more ratings news on Omnicell click here.
Shares of Omnicell closed at $15.57 yesterday, with a 52 week range of $12.33-$16.83.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "We are initiating coverage of Omnicell at Buy with a $19 price target based on an 18x multiple of $1.05 in EPS we forecast this year. Omnicell offers a good mix of visibility from 80% recurring revenue, and attractive 15%-20% forecast earnings growth, in our view. We anticipate long term expanding demand for Omnicell’s medication management systems to control costs and improve healthcare quality by automating manual tasks. The 2012 MTS acquisition opens new markets and demonstrates the accretive power of leveraging Omnicell’s strong free cash flow."
For an analyst ratings summary and ratings history on Omnicell click here. For more ratings news on Omnicell click here.
Shares of Omnicell closed at $15.57 yesterday, with a 52 week range of $12.33-$16.83.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Keryx Biopharma (KERX) Patents Strong; JPMorgan Starts at Overweight
- Wells Fargo Starts Quintiles (Q) at Outperform
- UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Earnings
Login with Facebook
Sign 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!
