The Smith & Nephew plc (SNN) shares are trading at lower $37.62 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $46.57.
To add more color to this target, the company’s high over the last year is $52.26 and the low is $26.07. Over the last 52 weeks, SNN is down -28.01% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SNN has a short ratio of 1.36 and outstanding shares of 437.78M.
SNN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.72 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.37. Smith & Nephew plc SNN also noted assets of $11.33 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SNN has historically followed its peers on positive news.
All told, Smith & Nephew plc SNN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SNN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Smith & Nephew plc SNN is now commanding a market cap of 16.18B and a float of 435.08M. SNN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SNN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in SNN, either long or short, and we have not been compensated for this article.