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MMSI

Merit Medical

$56.65

0.44 (0.78%)

05:50
06/14/19
06/14
05:50
06/14/19
05:50

Piper calls Merit Medical 'must own mid-cap name' after management meetings

After hosting investor meetings with management, Piper Jaffray analyst Matt O'Brien calls Merit Medical Systems a "must own mid-cap name." The analyst does not believe investors understand that the company has passed a point now with hospitals where they view Merit as an "excellent partner with high quality products at the scale needed to be awarded more sole source and national contracts." This dynamic and a "sound" acquisition strategy should, according to management, result in sales growing from $1B in 2019 up to $2B in the next five-to-seven years, O'Brien tells investors in a research note. He reiterates an Overweight rating on Merit Medical with a $75 price target.

MMSI Merit Medical
$56.65

0.44 (0.78%)

02/11/19
PIPR
02/11/19
NO CHANGE
Target $75
PIPR
Overweight
Piper sees 2018 deals pushing Merit Medical shares 'much higher'
Merit Medical Systems executed four transactions, including one partnership with NinePoint, in 2018, representing capital deployed of approximately $380M, or 13% of its market capitalization, Piper Jaffray analyst Matt O'Brien tells investors in a research note. The analyst says Piper is "big fans" of the deals, with Cianna his favorite given the revenue growth outlook, along with the earnings power it could bring. Collectively he believes the acquired assets will add nearly 200 basis points to Merit Medical's organic revenue growth in 2020 and drive earnings above consensus. This will become clearer to investors in the coming quarters, "pushing shares much higher compared to current levels," says O'Brien. He keeps an Overweight rating on Merit Medical Systems with a $75 price target.
03/25/19
PIPR
03/25/19
NO CHANGE
PIPR
Piper sees six 'quality' Med Tech names whose stocks haven't rallied
Medical Technology stocks have rebounded quickly in Q1 following a challenging Q4 of 2018 as the combination of solid year-end results and compelling outlooks for next year have led investors back into the names, Piper Jaffray analyst Matt O'Brien tells investors in a research note. The analyst, however, has identified six "quality" names that have not participated in the Q1 share appreciation, "despite consistently delivering beat-and-raises." The basket of stocks include Abiomed (ABMD), Merit Medical (MMSI), AtriCure (ATRC), Neuronetics (STIM), SeaSpine (SPNE) and Nuvectra (NVTR).
04/24/19
PIPR
04/24/19
NO CHANGE
Target $75
PIPR
Overweight
Piper calls Merit Medical a must own name after Q1 beat
After a "robust" start to 2019, Merit Medical Systems is a mid-cap name that investors need to own, Piper Jaffray analyst Matt O'Brien writes in a research note. He believes the company can deliver some of the best top- and bottom-line growth in med tech in the coming years. Revenue from the recently completed Cianna acquisition helped deliver some of the revenue upside in Q1, but the organic growth in the business remains strong, says O'Brien. He reiterates an Overweight rating on Merit Medical with a $75 price target and says the stock remains his favorite mid-cap name.
06/03/19
ADAM
06/03/19
NO CHANGE
Target $63
ADAM
Buy
Merit Medical weakness a buying opportunity, says Canaccord
Canaccord analyst Jason Mills noted Merit Medical shares were weak following President Trump's threat to impose a 5% tariff on all goods from Mexico. The company currently manufactures roughly $120M in annual product revenues out of Mexico but the analyst said the lack of details from the President and a presumption of a soft deadline of June 10th, has provided a compelling entry point for investors. Mills reiterated his Buy rating and $63 price target on Merit Medical shares.

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