CONMED (NYSE:CNMD – Get Rating) is one of 69 publicly-traded companies in the “Electromedical equipment” industry, but how does it contrast to its rivals? We will compare CONMED to related businesses based on the strength of its valuation, analyst recommendations, risk, profitability, dividends, earnings and institutional ownership.
This is a summary of recent ratings and price targets for CONMED and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
CONMED currently has a consensus price target of $106.00, suggesting a potential upside of 27.48%. As a group, “Electromedical equipment” companies have a potential upside of 91.54%. Given CONMED’s rivals higher probable upside, analysts plainly believe CONMED has less favorable growth aspects than its rivals.
|Net Margins||Return on Equity||Return on Assets|
Insider & Institutional Ownership
44.7% of shares of all “Electromedical equipment” companies are held by institutional investors. 4.9% of CONMED shares are held by insiders. Comparatively, 11.3% of shares of all “Electromedical equipment” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Valuation and Earnings
This table compares CONMED and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|CONMED||$1.01 billion||$62.54 million||-28.19|
|CONMED Competitors||$1.03 billion||$130.62 million||0.72|
CONMED’s rivals have higher revenue and earnings than CONMED. CONMED is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
CONMED pays an annual dividend of $0.80 per share and has a dividend yield of 1.0%. CONMED pays out -27.1% of its earnings in the form of a dividend. As a group, “Electromedical equipment” companies pay a dividend yield of 3.3% and pay out 633.7% of their earnings in the form of a dividend.
Volatility and Risk
CONMED has a beta of 1.42, meaning that its share price is 42% more volatile than the S&P 500. Comparatively, CONMED’s rivals have a beta of 13.35, meaning that their average share price is 1,235% more volatile than the S&P 500.
CONMED rivals beat CONMED on 9 of the 15 factors compared.
CONMED Company Profile
CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for surgical procedures worldwide. It offers orthopedic surgery products, including TruShot with Y-Knot All-In-One Soft Tissue Fixation System, Y-knot All-Suture Anchors, and PopLok Knotless Suture Anchors, which provide unique clinical solutions to orthopedic surgeons for the repair of soft tissue injuries, as well as supporting products that enable surgeons to perform minimally invasive sports medicine surgeries. The company markets orthopedic surgery products under the Hall, CONMED Linvatec, Concept, and Shutt brands. It also offers general surgery products, such as clinical insufflation, smoke evacuation, electrosurgical, and endomechanical products; and endoscopic technologies, including diagnostic and therapeutic products for use in gastroenterology procedures, and products for the treatment of diseases of the biliary structures, as well as cardiac monitoring products comprising ECG and EEG electrodes, and cardiac defibrillation pads. The company markets its products directly to hospitals, surgery centers, and other healthcare institutions, as well as through medical specialty distributors. CONMED Corporation was incorporated in 1970 and is headquartered in Largo, Florida.
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