Smith & Nephew SNATS, Inc. (SNN) Coverage Initiated by Analysts at Canaccord Genuity

Smith & Nephew SNATS, Inc. (SNN) Coverage Initiated by Analysts at Canaccord Genuity

Curbstone Financial Management Corp grew its position in Smith & Nephew SNATS by 101.9% in the 3rd quarter. ETRADE Capital Management LLC raised its position in Smith & Nephew plc by 12.8% in the third quarter. The firm has "Buy" rating by Jefferies given on Monday, May 9. The Manufacturers Life Insurance Company grew its position in Smith & Nephew SNATS by 0.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd grew its position in Smith & Nephew SNATS by 5.8% in the 2nd quarter. The company set "Buy" rating on the stock. Similar statistics are true for the second largest owner, Arrowstreet Capital, Limited Partnership, which owns 2,986,759 shares of the stock are valued at $107.94 million. Wells Fargo & Company MN's holdings in Smith & Nephew plc were worth $13,285,000 as of its most recent filing with the SEC.

Shares of Smith & Nephew SNATS (NYSE:SNN) traded up 1.81% on Wednesday, reaching $38.26. The stock has a 50 day moving average of $33.32 and a 200-day moving average of $30.82.

The business also recently disclosed a semiannual dividend, which was paid on Wednesday, May 10th. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, October 5th.

Shares in medical device maker Smith & Nephew have risen to lead the FTSE 100 index today after reports that United States hedge fund Elliott Management has built up a stake in the firm. The rating was downgraded by Goldman Sachs to "Neutral" on Monday, February 27.

Among 10 analysts covering Smith & Nephew PLC (ADR) (NYSE:SNN), 3 have Buy rating, 0 Sell and 7 Hold. The average stock price target is $41.17 with 2 brokers rating the stock a strong buy, one equity analyst rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

Smith & Nephew plc (NYSE:SNN) is at least 40.22% than its current record low price of $26.97.

Smith & Nephew's market value has grown strongly since Mr Bohuon took the helm in 2011, hitting an all-time high of £14.07 last month and has outperformed the FTSE 100 and healthcare rivals GSK and AstraZeneca over the period. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. The Company's services and products include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies, Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock.

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