Auriga Maintains a 'Buy' on Omnicell (OMCL); Still Buyers Near-Term, but 2012 Contains Headwinds
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Price: $27.04 -1.42%
Rating Summary:
9 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
9 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Auriga maintains a 'Buy' on Omnicell (NASDAQ: OMCL) price target of $19.00.
Auriga analyst says, "We continue to recommend Omnicell at current levels with approximately 25% upside to our $19 price target. The stock has traded relatively flat in the latest three months despite a volatile market and we are comfortable that OMCL will deliver results near the top end of guidance for the year. That said, we believe another large deal or two (equivalent to or greater than last month's University of Chicago announcement) is a requirement before year-end in order for us to gain comfort with FY12 consensus. The high penetration of Omnicell's base business, sustained high unemployment and continuing pressures on hospital spending keep us cautious with respect to FY12 growth."
For more ratings news on Omnicell click here and for the rating history of Omnicell click here.
Shares of Omnicell closed at $15.00 yesterday.
Auriga analyst says, "We continue to recommend Omnicell at current levels with approximately 25% upside to our $19 price target. The stock has traded relatively flat in the latest three months despite a volatile market and we are comfortable that OMCL will deliver results near the top end of guidance for the year. That said, we believe another large deal or two (equivalent to or greater than last month's University of Chicago announcement) is a requirement before year-end in order for us to gain comfort with FY12 consensus. The high penetration of Omnicell's base business, sustained high unemployment and continuing pressures on hospital spending keep us cautious with respect to FY12 growth."
For more ratings news on Omnicell click here and for the rating history of Omnicell click here.
Shares of Omnicell closed at $15.00 yesterday.
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