Raymond James Maintains Their Buy Rating on Merit Medical Systems (MMSI)

By Austin Angelo

Raymond James analyst Jayson Bedford maintained a Buy rating on Merit Medical Systems (MMSIResearch Report) today. The company’s shares closed last Monday at $43.41.

According to TipRanks.com, Bedford is a 5-star analyst with an average return of 15.7% and a 70.2% success rate. Bedford covers the Healthcare sector, focusing on stocks such as Edwards Lifesciences, Tandem Diabetes Care, and Boston Scientific.

Merit Medical Systems has an analyst consensus of Strong Buy, with a price target consensus of $52.50, implying a 19.6% upside from current levels. In a report issued on September 1, Barrington also maintained a Buy rating on the stock with a $54.00 price target.

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The company has a one-year high of $50.38 and a one-year low of $19.50. Currently, Merit Medical Systems has an average volume of 370.5K.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MMSI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Merit Medical Systems, Inc. engages in the manufacture and market of proprietary disposable medical devices. It operates through Cardiovascular and Endoscopy segments. The Cardiovascular segment consists of peripheral intervention, cardiac intervention, interventional oncology and spine, and cardiovascular and critical care product groups. The Endoscopy segment integrates advanced non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices that are used by gastroenterologists, endoscopists, pulmonologists, and thoracic and general surgeons. The company was founded by Fred P. Lampropoulos, Darla Gill, Kent W. Stanger and William Padilla in July 1987 and is headquartered in South Jordan, UT.