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NYSE:CNMD

CONMED (CNMD) Stock Price, News & Analysis

$74.17
-0.14 (-0.19%)
(As of 09/6/2024 ET)
Today's Range
$72.29
$74.97
50-Day Range
$64.15
$74.33
52-Week Range
$61.05
$117.27
Volume
510,046 shs
Average Volume
507,920 shs
Market Capitalization
$2.28 billion
P/E Ratio
28.42
Dividend Yield
1.08%
Price Target
$79.80

CONMED MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
7.6% Upside
$79.80 Price Target
Short Interest
Healthy
10.36% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.55mentions of CONMED in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$287,280 Sold Last Quarter
Proj. Earnings Growth
23.81%
From $3.99 to $4.94 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.29 out of 5 stars

Medical Sector

122nd out of 910 stocks

Electromedical Equipment Industry

2nd out of 22 stocks

CNMD stock logo

About CONMED Stock (NYSE:CNMD)

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.

CNMD Stock Price History

CNMD Stock News Headlines

“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
CONMED (NYSE:CNMD) Upgraded to Buy by StockNews.com
ALGN Sep 2024 190.000 put
CONMED (NYSE:CNMD) Upgraded by StockNews.com to "Buy"
Analysts Set CONMED Co. (NYSE:CNMD) PT at $79.80
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Conmed Corp (EC8.BE)
CONMED (NYSE:CNMD) Will Pay A Dividend Of $0.20
Conmed Corp. Bottom Line Advances In Q2, Beats Estimates
What Wall Street expects from Conmed's earnings
See More Headlines
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Company Calendar

Ex-Dividend for 7/5 Dividend
6/14/2024
Dividend Payable
7/05/2024
Last Earnings
7/31/2024
Today
9/07/2024
Ex-Dividend for 10/4 Dividend
9/16/2024
Dividend Payable
10/04/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

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
+7.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$64.46 million
Pretax Margin
9.71%

Debt

Sales & Book Value

Annual Sales
$1.28 billion
Cash Flow
$6.13 per share
Book Value
$28.60 per share

Miscellaneous

Free Float
28,707,000
Market Cap
$2.28 billion
Optionable
Optionable
Beta
1.46
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CNMD Stock Analysis - Frequently Asked Questions

How have CNMD shares performed this year?

CONMED's stock was trading at $109.51 on January 1st, 2024. Since then, CNMD stock has decreased by 32.3% and is now trading at $74.17.
View the best growth stocks for 2024 here
.

How were CONMED's earnings last quarter?

CONMED Co. (NYSE:CNMD) issued its quarterly earnings results on Wednesday, July, 31st. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.06. The company's quarterly revenue was up 4.5% compared to the same quarter last year.

Who are CONMED's major shareholders?

Top institutional investors of CONMED include Earnest Partners LLC (9.15%), Dimensional Fund Advisors LP (2.37%), Deerfield Management Company L.P. Series C (2.05%) and Cooke & Bieler LP (2.04%). 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
.

How do I buy shares of CONMED?

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.

This page (NYSE:CNMD) was last updated on 9/7/2024 by MarketBeat.com Staff

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