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CONMED (CNMD) Stock Price, News & Analysis

CONMED logo
$68.63 -1.37 (-1.96%)
(As of 12/20/2024 05:31 PM ET)

About CONMED Stock (NYSE:CNMD)

Key Stats

Today's Range
$68.15
$71.49
50-Day Range
$62.12
$77.77
52-Week Range
$61.05
$114.80
Volume
1.36 million shs
Average Volume
481,860 shs
Market Capitalization
$2.12 billion
P/E Ratio
16.30
Dividend Yield
1.17%
Price Target
$79.80
Consensus Rating
Moderate Buy

Company Overview

CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for surgical procedures worldwide. The company offers orthopedic surgery products, including BioBrace, TruShot with Y-Knot All-In-One Soft Tissue Fixation System, Y-knot All-Suture Anchors, and Agro Knotless Suture Anchors, which provide clinical solutions to orthopedic surgeons for the augmentation and repair of soft tissue injuries, as well as provides supporting products that enable surgeons to perform minimally invasive sports medicine surgeries. It markets orthopedic surgery products under the Hall, CONMED Linvatec, Concept, and Shutt brands. The company also provides battery-powered and autoclavable bone power tool systems for use in orthopedic, arthroscopic, oral/maxillofacial, podiatric, spinal, and cardiothoracic surgeries under Hall surgical brand name. In addition, it offers general surgery products, including clinical insufflation systems under AirSeal brand; smoke removal devices under Buffalo Filter brand; endomechanical products, such as tissue retrieval bags, trocars, suction irrigation devices, graspers, scissors, and dissectors used in minimally invasive surgeries; and electrosurgical solution comprising monopolar and bipolar generators, argon beam coagulation generators, handpieces, smoke management systems and other accessories. Further, the company provides endoscopic technologies, including therapeutic and diagnostic products for use in gastroenterology procedures, and products for the treatment of diseases of the dilatation, hemostasis, biliary, structure management, and infection prevention and patient monitoring, including ECG and EEG electrodes, and cardiac defibrillation pads. It 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.

CONMED Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

CNMD MarketRank™: 

CONMED scored higher than 92% of companies evaluated by MarketBeat, and ranked 80th out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    CONMED has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    CONMED has only been the subject of 1 research reports in the past 90 days.

  • Read more about CONMED's stock forecast and price target.
  • Earnings Growth

    Earnings for CONMED are expected to grow by 19.60% in the coming year, from $4.03 to $4.82 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of CONMED is 16.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of CONMED is 16.30, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 90.13.

  • Price to Earnings Growth Ratio

    CONMED has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    CONMED has a P/B Ratio of 2.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    7.80% of the outstanding shares of CONMED have been sold short.
  • Short Interest Ratio / Days to Cover

    CONMED has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in CONMED has recently increased by 1.69%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    CONMED pays a meaningful dividend of 1.15%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    CONMED does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of CONMED is 19.00%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, CONMED will have a dividend payout ratio of 16.60% next year. This indicates that CONMED will be able to sustain or increase its dividend.

  • Read more about CONMED's dividend.
  • Percentage of Shares Shorted

    7.80% of the outstanding shares of CONMED have been sold short.
  • Short Interest Ratio / Days to Cover

    CONMED has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in CONMED has recently increased by 1.69%, indicating that investor sentiment is decreasing.
  • News Sentiment

    CONMED has a news sentiment score of 1.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for CONMED this week, compared to 4 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, CONMED insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.80% of the stock of CONMED is held by insiders.

  • Read more about CONMED's insider trading history.
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CNMD Stock News Headlines

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Stifel Nicolaus Sticks to Its Buy Rating for Conmed (CNMD)
Stifel Nicolaus Reaffirms Their Buy Rating on Conmed (CNMD)
See More Headlines

CNMD Stock Analysis - Frequently Asked Questions

CONMED's stock was trading at $109.51 on January 1st, 2024. Since then, CNMD stock has decreased by 37.3% and is now trading at $68.63.
View the best growth stocks for 2024 here
.

CONMED Co. (NYSE:CNMD) posted its quarterly earnings data on Wednesday, October, 30th. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The firm earned $316.70 million during the quarter, compared to analysts' expectations of $318.46 million. CONMED had a net margin of 10.23% and a trailing twelve-month return on equity of 13.84%.

CONMED's top institutional investors include Champlain Investment Partners LLC (4.43%), Geode Capital Management LLC (2.24%), Principal Financial Group Inc. (2.01%) and Principal Financial Group Inc. (2.01%). Insiders that own company stock include Daniel S Jonas, Pat Beyer, Brian Concannon, Curt R Hartman, Peter K Shagory, Barbara J Schwarzentraub, Johonna Marie Pelletier, John D Ferrell, Stanley W Peters III and Todd W Garner.
View institutional ownership trends
.

Shares of CNMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that CONMED investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

Ex-Dividend for 10/4 Dividend
9/16/2024
Dividend Payable
10/04/2024
Last Earnings
10/30/2024
Ex-Dividend for 1/3 Dividend
12/20/2024
Today
12/21/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/03/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Electromedical equipment
Sub-Industry
Medical Equipment
Employees
4,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$79.80
High Stock Price Target
$97.00
Low Stock Price Target
$71.00
Potential Upside/Downside
+16.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$64.46 million
Pretax Margin
12.43%

Debt

Sales & Book Value

Annual Sales
$1.29 billion
Cash Flow
$5.67 per share
Book Value
$27.13 per share

Miscellaneous

Free Float
28,790,000
Market Cap
$2.12 billion
Optionable
Optionable
Beta
1.46
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This page (NYSE:CNMD) was last updated on 12/22/2024 by MarketBeat.com Staff
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