Volcano Corporation (VOLC)

[chmcnfunds]

olcano Stock Rating Upgraded by First Analysis (VOLC)

May 22nd, 2013 - 0 comments - Filed Under - by Patrick Bannon

Volcano (NASDAQ: VOLC) was upgraded by equities research analysts at First Analysis to an “overweight” rating in a research note issued to investors on Wednesday, Stock Ratings Network reports.

VOLC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Volcano in a research note to investors on Friday, May 10th. They now have a $18.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Volcano from $28.00 to $23.00 in a research note to investors on Tuesday, May 7th. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital cut their price target on shares of Volcano from $28.00 to $26.00 in a research note to investors on Monday, May 6th. They now have a “buy” rating on the stock.

Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.50.

Shares of Volcano (NASDAQ: VOLC) opened at 16.74 on Wednesday. Volcano has a 52 week low of $20.15 and a 52 week high of $30.59. The stock’s 50-day moving average is currently $22.0. The company has a market cap of $913.0 million and a P/E ratio of 196.94.

Volcano (NASDAQ: VOLC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.02 EPS for the quarter. The company had revenue of $93.20 million for the quarter, compared to the consensus estimate of $96.11 million. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Volcano has set its FY13 guidance at $0.03-0.05 EPS. On average, analysts predict that Volcano will post $0.05 earnings per share for the current fiscal year.

Volcano Corporation (NASDAQ: VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.
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