Haemonetics Corporation (HAE) is Downgraded by CJS Securities to Market Perform

Haemonetics Corporation (HAE) was Downgraded by CJS Securities to ” Market Perform”. Earlier the firm had a rating of “Market Outperform ” on the company shares. CJS Securities advised their investors in a research report released on Sep 20, 2016.

Many Wall Street Analysts have commented on Haemonetics Corporation. Haemonetics Corporation was Downgraded by Sidoti to ” Neutral” on Aug 15, 2016. Company shares were Reiterated by Jefferies on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $32 .Company shares were Reiterated by The Benchmark Company on Aug 2, 2016 to “Hold”, Firm has raised the Price Target to $ 32 from a previous price target of $28 .

On the company’s financial health, Haemonetics Corporation reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.29. The company had revenue of $210.00 million for the quarter, compared to analysts expectations of $205.41 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Haemonetics Corporation opened for trading at $37.25 and hit $37.43 on the upside on Friday, eventually ending the session at $37.39, with a gain of 0.59% or 0.22 points. The heightened volatility saw the trading volume jump to 381,104 shares. Company has a market cap of $1,918 M.

In a different news, on Aug 19, 2016, Ronald Merriman (director) sold 4,337 shares at $35.15 per share price. According to the SEC, on Aug 16, 2016, Susan Bartlett Foote (director) sold 14,685 shares at $35.34 per share price. On Aug 8, 2016, Christopher Simon, (CEO) purchased 60,000 shares at $35.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Haemonetics Corporation is a healthcare company which provides blood management solutions to its customers. The Company’s portfolio of integrated devices information management and consulting services offers blood management solutions for each facet of the blood supply chain. It serves three customer segments: manufacturers of plasma derived pharmaceuticals blood collectors and hospitals. Its multiple product lines under four global product categories include Plasma Blood Center Hospital and Software Solutions. Its Plasma includes plasma collection devices and disposables. Its Blood Center includes blood collection and processing devices and disposables. Its Hospital includes surgical blood salvage and blood demand diagnostic devices and disposables. Its Software Solutions includes information technology platforms and consulting services provided to all three markets. It operates in North America Plasma North America Blood Center and Hospital Europe Asia Pacific and Japan.

Haemonetics Corporation

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