Stock To Watch: CONMED Corporation (NASDAQ:CNMD)


The leading market experts have placed a mean price target of $48.33 on CONMED Corporation (NASDAQ:CNMD) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.48 a share for the upcoming quarter and $1.98 for the current fiscal. Technical View The technical analysis of CONMED Corporation plainly substantiates that the 50-day moving average of CONMED Corporation is $42.90, and stock is hovering 4.67 or +10.88% distant from $42.90. It is noted that the 200-day MA is $41.16, and CONMED Corporation stock is $6.40 or +15.56% off from this point. CONMED Corporation (NASDAQ:CNMD) 52-week high is $60.66 and the 52-week low is $35.51. This explains if the stock moves $-13.10, it will post a 52-week high. In event of $+33.93% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of CONMED Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CONMED Corporation (NASDAQ:CNMD) ratio came in at 60.90. The stock last ended the trading session at $47.56 and registered a market cap of $1.32B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CONMED Corporation (NASDAQ:CNMD) PEG ratio is at 2.23.

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