Market Overview

UPDATE: Benchmark Initiates Symmetry Medical with Hold, $10 PT on Transitioning Business Model

Related SMA
Symmetry Medical To Sell Business That Makes Up 80% Of Revenue
US Stock Futures Signal Higher Start On Wall Street
Mid-Market Report: Dealmaking on the Rise (Fox Business)

Benchmark initiates its coverage on Symmetry Medical (NYSE: SMA) with a Hold rating and a price target of $10 per share.

Benchmark notes, "We are initiating coverage of Symmetry Medical (SMA) with a Hold rating and a 12-month price target of $10.00. Our twelve month price target represents 17.5 times our 2013 adjusted EPS estimate of $0.58. … We believe that SMA's business model is in transition as the company moves from an Original Equipment Manufacturer (OEM) model to more of a proprietary model by going direct to the customer through their Symmetry Surgical direct model. In 2011, we estimate that SMA generated approximately $319 million (or 89% of total revenue from their OEM division."

SMA closed at $8.61 on Wednesday.

Latest Ratings for SMA

DateFirmActionFromTo
Aug 2014Northcoast ResearchUpgradesNeutralBuy
Feb 2014WunderlichTerminatesBuy
Dec 2013WunderlichMaintainsBuy

View More Analyst Ratings for SMA
View the Latest Analyst Ratings

Posted-In: BenchmarkAnalyst Color Price Target Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (SMA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters