Canaccord Genuity Reiterates a 'Buy' on OraSure Technologies (OSUR); Catalysts on the Horizon
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Price: $3.74 --0%
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on OraSure Technologies (NASDAQ: OSUR) price target of $14.00.
Analyst, Jeffrey Frelick, said, "While still mostly a catalyst story, quarterly results were in line to slightly ahead of expectations. The Q1/12 revenue outlook of $21M appears soft due to substance abuse testing, but our bullish thesis remains intact...HCV waived sites yet to come...OSUR reported $800k of HCV sales, ahead of our $500k estimate, mostly to non-waived public health centers. OSUR continues to train its selling partners on OraQuick HCV, including physician distributors, Merck (NYSE: MRK) sales reps as well as Merck inside sales reps...We reduce 2012E sales to $100M."
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 $11.00 yesterday.
Analyst, Jeffrey Frelick, said, "While still mostly a catalyst story, quarterly results were in line to slightly ahead of expectations. The Q1/12 revenue outlook of $21M appears soft due to substance abuse testing, but our bullish thesis remains intact...HCV waived sites yet to come...OSUR reported $800k of HCV sales, ahead of our $500k estimate, mostly to non-waived public health centers. OSUR continues to train its selling partners on OraQuick HCV, including physician distributors, Merck (NYSE: MRK) sales reps as well as Merck inside sales reps...We reduce 2012E sales to $100M."
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 $11.00 yesterday.
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