Grifols SA, Barcelona (NASDAQ:GRFS) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
Posted by Pezhman Azimi on Jul 9th, 2014 .
The analysts wrote, “Grifols (GRFS) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Grifols SA, Barcelona (NASDAQ:GRFS) traded down 3.16% during mid-day trading on Tuesday, hitting $40.77. 1,027,208 shares of the company’s stock traded hands. Grifols SA, Barcelona has a one year low of $28.57 and a one year high of $46.66. The stock has a 50-day moving average of $43.56 and a 200-day moving average of $40.68. The company has a market cap of $28.032 billion and a price-to-earnings ratio of 56.74.
GRFS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Grifols SA, Barcelona from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $49.40 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Grifols SA, Barcelona in a research note on Thursday, June 5th. They now have a $48.00 price target on the stock. Finally, analysts at Societe Generale initiated coverage on shares of Grifols SA, Barcelona in a research note on Thursday, May 22nd. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Grifols SA, Barcelona currently has an average rating of “Hold” and an average target price of $48.70.