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UPDATE: Barrington Research Assumes Coverage On Haemonetics On Positive Revenue Outlook

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In a report published Thursday, Barrington Research analyst Michael Petusky assumed coverage on Haemonetics Corporation (NYSE: HAE) with an Outperform rating and $46.00 price target.

In the report, Barrington Research noted, “Our price target is $46 and we arrive at our target by attaching a 11x multiple to our 2016 adjusted EBITDA estimate of $245.0 million and a 10.3x multiple to our 2017 adjusted EBITDA estimate of $262.7.0 million. We feel a 10-12x multiple range is appropriate for companies like Haemonetics whose businesses contains elements of both a devices company, as well as a healthcare services business.”

Haemonetics closed on Wednesday at $36.41.

Latest Ratings for HAE

DateFirmActionFromTo
May 2019UpgradesMarket PerformOutperform
Aug 2018MaintainsOverweightOverweight
Jun 2018MaintainsBuyBuy

View More Analyst Ratings for HAE
View the Latest Analyst Ratings

Posted-In: Barrington Research Michael PetuskyAnalyst Color Initiation Analyst Ratings

 

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