Smith & Nephew SNATS, Inc. (NYSE:SNN) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Smith & Nephew SNATS, Inc. has received a consensus rating of "Hold" from seven analysts, with an average target price of $36.00 for the next 12 months.
• The company announced a semi-annual dividend of $0.285 to be paid on November 7th, which equates to a dividend yield of 165.0%.
• Institutional investors have recently shown increased interest, with notable stakes being added by firms such as Bessemer Group and Oppenheimer Asset Management.

Smith & Nephew SNATS, Inc. (NYSE:SNN - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.00.

Several brokerages have recently issued reports on SNN. Canaccord Genuity Group upped their target price on shares of Smith & Nephew SNATS from $28.00 to $36.00 and gave the company a "hold" rating in a report on Monday, August 18th. Wall Street Zen cut shares of Smith & Nephew SNATS from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Smith & Nephew SNATS in a research note on Saturday, September 27th.

Smith & Nephew SNATS Stock Performance

Shares of SNN opened at $35.94 on Tuesday. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.00 and a beta of 0.69. Smith & Nephew SNATS has a 52-week low of $23.69 and a 52-week high of $38.79. The company has a quick ratio of 1.40, a current ratio of 3.00 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $36.25 and a 200 day moving average price of $31.29.

Smith & Nephew SNATS Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 3rd will be given a $0.285 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a dividend yield of 165.0%. Smith & Nephew SNATS's dividend payout ratio is 26.39%.

Institutional Investors Weigh In On Smith & Nephew SNATS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in shares of Smith & Nephew SNATS by 3,471.4% in the first quarter. Bessemer Group Inc. now owns 1,750 shares of the medical equipment provider's stock valued at $49,000 after acquiring an additional 1,701 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Smith & Nephew SNATS in the 1st quarter valued at $211,000. GAMMA Investing LLC boosted its stake in Smith & Nephew SNATS by 22.4% during the 1st quarter. GAMMA Investing LLC now owns 3,641 shares of the medical equipment provider's stock worth $103,000 after purchasing an additional 666 shares during the period. Oppenheimer Asset Management Inc. grew its position in Smith & Nephew SNATS by 37.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 53,590 shares of the medical equipment provider's stock worth $1,520,000 after purchasing an additional 14,677 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Smith & Nephew SNATS in the first quarter valued at $335,000. Hedge funds and other institutional investors own 25.64% of the company's stock.

About Smith & Nephew SNATS

Smith & Nephew plc engages in the development, manufacture, marketing, and sale of medical devices. It operates through the following segments: Orthopaedics, Sports Medicine and ENT, and Advanced Wound Management. The Orthopaedics and Sports Medicine and ENT segment consists of the following businesses: knee implants, hip implants, other reconstruction, trauma, sports medicine joint repair, arthroscopic enabling technologies, and ENT.

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